Audited Financial Result March 31,2026
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Awaiting price reaction for this filing.
Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited) reported audited results for FY 2025-26 with total income of Rs. 191.20 lakhs, a significant decline from Rs. 644.84 lakhs in the previous year. Revenue from operations dropped to Rs. 179.79 lakhs from Rs. 609.85 lakhs. Profit after tax was merely Rs. 0.06 lakhs compared to Rs. 27.43 lakhs in FY 2024-25. The company has substantial inventory of Rs. 1,101.59 lakhs and trade receivables of Rs. 82.11 lakhs. The statutory auditor V.N. Purohit & Co. issued an unmodified (clean) opinion on the financial statements. Multiple related party transactions were disclosed including loans from directors and transactions with related entities.
The stock may face pressure due to severe revenue decline of approximately 70% and near-zero profitability. While auditors gave a clean opinion, the company's operational performance shows significant deterioration. Shareholders should monitor if the revenue decline continues in subsequent quarters.