Audited Financial Results.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apis India Ltd reported consolidated revenue from operations of Rs. 38,050.92 lakhs for FY26, up 8.6% from Rs. 35,034.96 lakhs in FY25. Profit after tax (consolidated) stood at Rs. 2,532.18 lakhs, essentially flat compared to Rs. 2,533.65 lakhs in the previous year. The company appointed new statutory auditors M/s S S Kothari Mehta & Co. LLP for a 5-year term subject to shareholder approval. The statutory auditors issued an unmodified opinion on the financial results. Key auditor emphasis of matter notes flagged disputed trade receivables of Rs. 358.99 lakhs with expected credit loss provision of Rs. 720.85 lakhs, and delays in foreign exchange receipts of Rs. 524.03 lakhs beyond FEMA timelines with pending regularization applications.
Revenue grew modestly at 8.6% while PAT remained flat year-on-year. The auditor's emphasis of matter on disputed receivables and FEMA compliance delays may raise concerns about credit risk and regulatory compliance, though the unmodified audit opinion indicates no material misstatement.