Outcome of Board of Directors meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Alpine Housing Development Corporation reported audited financial results for FY2026 ending March 31. Total income from operations grew to Rs 7,577.50 Lakhs from Rs 5,919.47 Lakhs in the prior year, representing approximately 28% revenue growth. Profit after tax increased to Rs 601.17 Lakhs from Rs 506.29 Lakhs, up about 19% year-over-year. The statutory auditors issued an unmodified (clean) audit opinion. However, the auditor's report includes an Emphasis of Matter regarding retrospective restatement of comparative figures: Rs 126.79 Lakhs worth of land was reclassified from Inventories to Investment Property (relating to management's decision in FY 2016-17 that was not previously reflected). The restated opening balances are as at April 1, 2024 per Ind AS 8 requirements. Operating margin slightly expanded to 10.70% from 9.96%, while net profit margin compressed to 7.93% from 8.55%.
Revenue growth is strong at 28% but profit growth lagged at 19%. The restatement of prior period figures is a concern as it indicates accounting corrections. The clean audit opinion is positive. Low debt-to-equity ratio of 0.16 suggests a conservative balance sheet.