Advance Multitech Q1 FY26 results: PAT at Rs 427.89 lakh, auditor resigns
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Advance Multitech reported Q1 FY26 standalone net profit of Rs 427.89 lakh versus a loss of Rs 42.05 lakh in Q1 FY25, driven by other income of Rs 486.72 lakh as revenue from operations was nil. EPS stood at Rs 10.62. Separately, statutory auditor Suresh R Shah and Associates resigned on August 11, 2026 citing low remuneration as not commercially viable, with their term originally due to expire on March 31, 2027. The same auditor had issued an unqualified limited review report on these results.
Auditor exit before term end is a governance red flag. Profit came entirely from other income, not core operations, so quality of earnings is weak.