Outcome of Board Meeting held on 26th May, 2026
AVONMORE · price
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Avonmore Capital held its Board meeting on May 26, 2026, and approved the audited financial results for Q4 and FY 2025-26. Standalone revenue declined sharply to Rs. 1,074 lakh from Rs. 2,449 lakh in the previous year, while net profit fell to Rs. 85 lakh from Rs. 1,372 lakh. The company reported a standalone loss of Rs. 64 lakh in Q4 FY26. On a consolidated basis, revenue increased slightly to Rs. 19,120 lakh (vs Rs. 18,222 lakh), but net profit declined to Rs. 2,165 lakh from Rs. 3,758 lakh, with a Q4 consolidated loss of Rs. 713 lakh. The Board also re-appointed Batra Neeraj & Associates as Internal Auditors for FY 2026-27. Statutory auditors Mohan Gupta & Co. issued an unmodified (clean) opinion on both standalone and consolidated results.
The company experienced a significant decline in standalone profitability year-on-year, though the consolidated entity remains profitable. The sharp drop in standalone revenue and Q4 losses in both standalone and consolidated results may concern investors, while the clean audit opinion provides some reassurance on financial reporting quality.