Bindal Exports Limited has informed the exchange regarding financial result for the financial year ended on 31/03/2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bindal Exports Limited reported audited financial results for FY2026 ending March 31, 2026. Revenue from operations declined to Rs 2,247.07 Lakhs from Rs 2,700.58 Lakhs in the prior year, representing approximately 16.8% revenue decline. However, the company returned to profitability with a net profit of Rs 28.10 Lakhs compared to a net loss of Rs 98.60 Lakhs in FY2025. EPS improved to Rs 0.61 from negative Rs 2.14. The auditor Rajesh Bhauwala & Co. issued a qualified opinion citing three concerns: absence of actuarial valuation for gratuity liability, non-provision for leave salary on accrual basis, and non-provision for bonus on accrual basis. The cumulative impact of these accounting deficiencies remains unascertainable.
While the company has returned to profitability after a loss-making prior year, the qualified audit opinion raises concerns about accounting compliance and transparent financial reporting. Investors should note the auditor's qualification and the inability to ascertain the full financial impact of non-provisioned liabilities.