Are Anirit Ventures Ltd latest results good or bad?

Anirit Ventures Ltd's latest financial results indicate a severe operational and financial crisis. The company reported zero sales revenue for three consecutive quarters in FY26, highlighting a complete shutdown of its core textile manufacturing business. This lack of revenue generation is coupled with significant net losses, with the latest quarter showing a net loss of ₹0.91 crores, which reflects a worsening trend compared to previous periods. The company's operating losses have widened, with operating losses before interest and tax reported at ₹0.64 crores in Q3 FY26, compared to ₹0.17 crores in the same quarter of the previous year. Employee costs have surged dramatically, increasing by 750% to ₹0.51 crores despite the absence of revenue, indicating a maintenance of a skeletal workforce without any income to support these expenses. Furthermore, the interest burden has also escalated to ₹0.27 crores, adding further strain to the already precarious financial situation. Anirit Ventures has a negative book value of ₹-7.19 crores, which suggests that the company's liabilities exceed its assets, raising concerns about its solvency. The balance sheet reflects a troubling picture, with fixed assets completely written down to zero and current assets providing virtually no liquidity. The company's financial position is further exacerbated by rising long-term debt, which increased to ₹7.25 crores, indicating reliance on borrowing to cover ongoing losses rather than to support productive business activities. The overall financial performance of Anirit Ventures Ltd is characterized by a complete operational collapse, with no visible turnaround strategy or restructuring plans disclosed. The company's evaluation has seen an adjustment, reflecting the critical financial distress it is currently facing. Investors should be cautious, as the absence of revenue and mounting losses indicate significant risks to the company's future viability.