Aakash Exploration Services Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Aakash Exploration Services Limited reported audited financial results for FY2026 with revenue from operations growing 14.5% to Rs 11,246 lakhs from Rs 9,819 lakhs in FY2025. Profit after tax nearly doubled to Rs 350 lakhs from Rs 184 lakhs, representing approximately 90% PAT growth. EBITDA margin expanded from 11.7% to 14.4%. The company spent Rs 1,929 lakhs on capital expenditure (property, plant and equipment) compared to Rs 909 lakhs in the previous year. Trade receivables increased significantly by Rs 680 lakhs, consuming operating cash flow. Statutory auditors issued an unmodified opinion with no qualifications. The company re-appointed Bimal Shah Associates as internal auditor for FY2026-27.
Strong profitability growth with PAT nearly doubling year-over-year is positive for shareholders. However, the sharp increase in trade receivables and high capex resulted in net cash outflow of Rs 30 lakhs, warranting monitoring of working capital management.