Appointment of Internal Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Axis Solutions Ltd reported audited consolidated revenue of Rs 24,067 Lakhs for FY2026, up 20.1% from Rs 20,032 Lakhs in FY2025, driven by growth across all three segments - Automation & Digitalisation, Water, and Industrial Engineering & Systems. However, consolidated PAT declined 13.9% to Rs 2,884 Lakhs, and standalone PAT fell 17% to Rs 2,906 Lakhs. The company recommended a final dividend of Rs 0.60 per share (6%). Key appointments include Mr. Ninad Vora as CFO. Cash flow remains a concern with negative operating cash flow of Rs 2,200 Lakhs due to a Rs 4,025 Lakhs increase in trade receivables and Rs 3,079 Lakhs rise in other current assets. Total borrowings nearly doubled to Rs 8,147 Lakhs. Auditors issued an unmodified (clean) opinion.
Revenue growth of 20% is positive, but the PAT decline, negative operating cash flow, and near-doubling of debt levels are significant red flags for investors. The company needs to improve cash collection and working capital management.