Outcome of the Board meeting for approval of Financial results for the fourth quarter and Financial yeard ended on 31st March 2026
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Asgard Alcobev Ltd (formerly Banganga Paper Industries) reported strong consolidated revenue growth of ~75% for FY26, reaching ₹10,150.68 Lakhs vs ₹5,809.63 Lakhs in FY25, driven by the acquisition of CMJ Breweries Pvt Ltd (78.9% stake) completed in February 2026. However, consolidated Profit After Tax declined ~21% to ₹148.95 Lakhs from ₹188.28 Lakhs due to an exceptional loss of ₹178.43 Lakhs on disposal of the paper subsidiary (Banganga Paper Mills Ltd). Standalone operations turned profitable with PAT of ₹56.34 Lakhs vs a loss of ₹15.58 Lakhs in FY25. The company completed major corporate restructuring including changing its name, object clause to beverages business, and raised ₹486.60 Lakhs through preferential share/warrant allotments. No dividend was recommended. Auditors Batliboi & Purohit issued unmodified opinions on both standalone and consolidated results.
Revenue growth is positive and validates the business transformation strategy into beverages. However, PAT decline due to exceptional items and higher debt (consolidated borrowings increased significantly from ₹610.50 Lakhs to ₹1,209.92 Lakhs) may concern short-term investors. The substantial increase in shares outstanding from ~12 Cr to ~14.24 Cr (weighted average) dilutes EPS.