Asahi Songwon Colors Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
ASAHISONG · price
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Asahi Songwon Colors Limited reported audited financial results for FY 2025-26. Standalone revenue declined to Rs. 34,413.90 lakhs from Rs. 39,022.47 lakhs in the prior year, while consolidated revenue fell to Rs. 53,547.65 lakhs from Rs. 56,235.84 lakhs. Standalone profit after tax decreased to Rs. 2,245.63 lakhs (vs Rs. 2,548.87 lakhs), though consolidated PAT improved to Rs. 1,777.88 lakhs (vs Rs. 1,685.54 lakhs). The company recommended a final dividend of Rs. 1.50 per equity share (15%). Exports declined significantly across subsidiaries, particularly Atlas Life Sciences which reported a net loss of Rs. 479.28 lakhs for the year. The statutory auditors issued an unmodified (unqualified) opinion on both standalone and consolidated results. Key management changes include the resignation of CEO Gokul Mrugesh Jaykrishna and CFO Pratik Shah, with Arjun Gokul Jaykrishna appointed as new CEO.
Revenue decline of ~12% on standalone and ~5% on consolidated basis indicates challenging market conditions, particularly in the pigments segment. However, the unqualified audit opinion and dividend declaration provide some comfort to shareholders.