Audited Financial Results of the Company for the Quarter and Year ended 31st March 2026.
Awaiting price reaction for this filing.
India Radiators Limited reported audited financial results for FY2026 ending March 31, 2026. The company posted total income of Rs 6.59 lakhs, virtually flat compared to Rs 6.57 lakhs in FY2025. However, net loss widened significantly to Rs 147.58 lakhs from Rs 84.92 lakhs in the prior year, representing a near 74% deterioration. The loss per share stood at Rs 16.40 compared to Rs 9.44 in FY2025. The balance sheet shows negative other equity of Rs 274.60 lakhs, indicating accumulated losses exceeding paid-up capital. Other financial liabilities increased to Rs 1,290.67 lakhs from Rs 1,205.10 lakhs. The company achieved marginally positive operating cash flow of Rs 1.04 lakhs (vs negative Rs 0.83 lakhs in FY2025) due to working capital adjustments. Statutory auditors DPV & Associates issued an unmodified opinion, and the board declared no dividend.
The company continues to burn cash with losses doubling year-on-year while revenue remains stagnant. The negative equity position of Rs 274.60 lakhs raises serious concerns about capital erosion, though the auditors did not qualify the report. Shareholders should be cautious given the worsening financial condition and lack of revenue growth.