Board of Directors of the Company, in their Board Meeting held on today, i.e. on May 30, 2026, at the registered Office of the Company 2. Considered, approved and taken on record the audited ....
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Angel Fibers Ltd reported strong financial performance for FY ended March 2026. Total revenue grew marginally to Rs. 21,257 lakhs from Rs. 20,362 lakhs in the previous year. However, profit before tax more than doubled to Rs. 374.60 lakhs from Rs. 194.38 lakhs, while profit after tax surged to Rs. 128.08 lakhs from Rs. 37.46 lakhs (242% increase). EPS improved from Rs. 0.15 to Rs. 0.51 per share. The board approved the audited financial statements and appointed Manish Bhagvandas Analkat as Cost Auditor for FY 2026-27. Statutory auditors Chetan Agarwal & Co issued an unmodified opinion, indicating clean financials. Long-term borrowings reduced significantly from Rs. 2,634 lakhs to Rs. 1,916 lakhs, improving the balance sheet.
Positive development for shareholders. The company demonstrated strong profitability growth with PAT increasing over 3x year-over-year, while debt reduction shows improving financial health. Clean audit with unmodified opinion provides investor confidence.