Standalone Audited Financial Statement result for 31st March 2026

Revenue declinedNet loss reportedNegative operating cash flowResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Avax Apparels reported a significant revenue decline for FY2026 ending March 31. Revenue from operations fell to Rs 200.57 lakhs from Rs 345.86 lakhs in the previous year, representing approximately a 42% decrease. Profit after tax dropped to Rs 77.08 lakhs from Rs 183.18 lakhs, down about 58% year-on-year. Earnings per share declined from Rs 14.28 to Rs 8.52. The company had an IPO in January 2025 where it raised funds for working capital and general corporate purposes. The auditors NKSC & Co. issued an unmodified (clean) opinion on the financial statements, and the company appointed new internal and secretarial auditors.

Likely market impact

The sharp revenue and profit decline is a concern for investors. However, the clean audit opinion and unchanged management guidance provide some stability. The significant jump in borrowings (from Rs 66.35 lakhs to Rs 410.52 lakhs) indicates increased debt levels that warrant monitoring.