Audited financial results for the quarter and year ended March 31, 2026
Awaiting price reaction for this filing.
Shantai Industries reported a massive deterioration in FY2025-26 with revenue dropping 51.5% to ₹981.20 lakh from ₹2,024.97 lakh in the previous year. The company swung to a net loss of ₹131.35 lakh compared to a profit of ₹30.63 lakh in FY2024-25. EPS turned negative at -8.757 per share versus +2.042 in the prior year. The auditor issued an unmodified (clean) opinion confirming the financial statements are reliable. The company operates in a single segment and has no subsidiaries. The Board also re-appointed Mr. Dharan Shah as Internal Auditor for FY2026-27.
This is a significant deterioration in financial performance. The company shifted from profitability to heavy losses with revenue more than halving. Despite the clean audit, shareholders should be concerned about the steep decline in operations and monitor the company's turnaround plans closely.