Financial Results: a. Approved the Audited Standalone Financial Results for the Quarter and financial year ended 31st March, 2026 along with Audit Report as received from the Statutory ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Artemis Electricals and Projects Ltd reported audited standalone results for FY26 with revenue from operations of Rs 8,056.02 lakhs, up 11.4% from Rs 7,234.77 lakhs in FY25. Profit after tax stood at Rs 885.57 lakhs versus Rs 768.50 lakhs, representing 15.2% growth. The auditors issued an unmodified (clean) opinion. Key emphasis notes include: related party transaction with Electroforce (India) Pvt Ltd for a Lithium-ion battery plant contract (approved by shareholders in 2021), with adhoc payments reflected in capital work in progress; manufacturing activities at the factory were closed/negligible with management now focusing on projects; and operating segments disclosure could not be provided due to insufficient information. The company expects to commission the lithium-ion plant by March 2027.
The clean audit opinion is positive for shareholders. However, the related party transaction for the lithium-ion plant and negligible manufacturing operations warrant monitoring. Revenue and PAT showed steady growth but did not meet high-growth thresholds.