standlone Financial results for the quater and financial year ended on 31.03.2026
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Advance Lifestyles Limited reported FY26 total revenue of Rs. 76.84 million (Rs. 7.68 crore), up 71.8% from Rs. 44.74 million in FY25. Net profit surged to Rs. 44.83 million from Rs. 14.27 million, representing 214% PAT growth. EPS improved to Rs. 7.20 from Rs. 2.29. However, the auditors from Piyush J. Shah & Co. issued a Qualified Opinion citing three major concerns: (1) Non-provision of interest on unsecured related party loan of Rs. 35.11 crore and outstanding liabilities of Rs. 7.59 crore to three parties (two under CIRP, one non-traceable), (2) Non-charging of interest on loans granted violating Companies Act provisions, and (3) Unverified outstanding balances lacking balance confirmations. Operating cash flow was deeply negative at Rs. 690.29 million, primarily due to large loan repayments and increases in working capital.
The qualified audit opinion raises red flags about financial reporting integrity and potential hidden liabilities. Despite strong reported profitability, the negative operating cash flow and auditor concerns about interest provisions suggest underlying financial stress. Shareholders should exercise caution as the true financial position may differ materially from reported figures.