Audited Financial results for the financial year ended March 31 2026
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Pact Industries Ltd reported audited financial results for FY2026 with revenue from operations of Rs. 160.59 Lakhs, up significantly from Rs. 13.37 Lakhs in the previous year. The company swung from a net loss of Rs. 502.38 Lakhs in FY2025 to a net loss of Rs. 63.97 Lakhs in FY2026, showing substantial improvement. However, the balance sheet reveals severe distress with negative total equity of Rs. -338.25 Lakhs and negative other equity of Rs. -892.33 Lakhs. Total liabilities stand at Rs. 1,087.74 Lakhs against total assets of only Rs. 749.49 Lakhs. The auditor's report includes an Emphasis of Matter paragraph noting that a credit facility was declared as non-performing assets by the bank during FY2022-23, and no interest provision was made for FY2025-26. Despite these concerns, the auditor issued an unmodified opinion without qualifications.
The company shows severe balance sheet impairment with negative net worth and liabilities exceeding assets, raising significant doubts about its ability to continue as a going concern. While the dramatic revenue growth and reduced losses are positive, the accumulated losses and NPA status on bank credit facilities present substantial risk for shareholders.