Audited FInancial Results (Standalone and Consolidated) for Quarter and Year Ended March 31, 2026 along with Audit Report
ABANSENT · price
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Abans Enterprises reported audited results for FY2026. Standalone revenue declined significantly to Rs 8,305.97 lakhs from Rs 13,094.02 lakhs in FY2025, a drop of about 37%. However, the company turned profitable at standalone PAT of Rs 242.95 lakhs versus a loss of Rs 192.16 lakhs in the previous year. Consolidated revenue grew marginally to Rs 13,81,282.32 lakhs from Rs 13,56,414.25 lakhs, but consolidated PAT declined to Rs 1,884.61 lakhs from Rs 2,059.98 lakhs. Standalone operating cash flow turned strongly positive at Rs 5,779.71 lakhs compared to negative Rs 1,139.46 lakhs last year. The auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The Board withdrew the proposed merger of subsidiary Abans Jewels Limited citing insufficiently demonstrable benefits, with NCLT disposing of the matter on March 12, 2026.
The stock may see mixed reaction - standalone revenue decline is concerning, but the return to profitability and strong cash generation are positives. The withdrawn merger removes near-term restructuring uncertainty.