Audited Financial Results (Standalone) for the quarter and financial year ended March 31, 2026
Awaiting price reaction for this filing.
The company reported total revenue from operations of Rs 93.01 lakhs for FY2026, up significantly from Rs 30.43 lakhs in FY2025 — a roughly 3x increase. However, the company posted a net loss of Rs 83.38 lakhs for the year, a sharp deterioration from a loss of Rs 2.20 lakhs in the prior year. The auditors issued an unqualified (clean) opinion with no reservations. A key note in the filing states the company surrendered its Non-Banking Financial Company (NBFC) Certificate of Registration with RBI, which was accepted on 23 January 2026. Post that date, the company has not commenced any new business activities, raising questions about its future revenue model. Operating cash flow turned marginally positive at Rs 0.95 lakhs from negative previously.
The revenue surge appears driven by one-time income items from the wind-down of NBFC operations rather than sustainable growth, while the deep net loss and absence of a post-NBFC business plan are serious concerns for shareholders. The clean audit opinion is a relief but does not address the strategic void.