Financial results for the Fourth Quarter and Financial year ended 31st March 2026
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Asgard Alcobev (formerly Banganga Paper Industries) reported consolidated revenue of ₹10,150.68 lakhs for FY26, up 74.7% from ₹5,809.63 lakhs in FY25, driven by acquisition of CMJ Breweries Pvt Ltd (became subsidiary Feb 2026). However, profit after tax declined 20.9% to ₹148.95 lakhs from ₹188.28 lakhs due to an exceptional loss of ₹178.43 lakhs on sale of the paper subsidiary (Banganga Paper Mills Ltd). On standalone basis, the company turned profitable with PAT of ₹56.34 lakhs vs loss of ₹15.58 lakhs, boosted by ₹101.88 lakhs gain on subsidiary sale. The company raised ₹406.80 lakhs via preferential share allotments and received ₹79.75 lakhs for convertible warrants. Borrowings increased significantly to ₹7,254.50 lakhs (vs equity of ₹4,985.27 lakhs), raising leverage concerns. Auditors issued unmodified (clean) opinion.
Strong revenue growth validates the business transformation into beverages, but declining profitability and high leverage from acquisitions may concern investors. The share count more than doubled from ~11.98 crore to ~21.14 crore shares, diluting EPS to ₹0.10 from ₹0.16.