BUTTERFLYBSEButterfly Gandhimathi Appliances LtdMediumNeutral
Announced Mon, 11 May · 17:40 IST

Change in AUditors

Management Changes View source PDF

BUTTERFLY · price

Loading chart…

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

Price reaction · full curve 14 horizons · vs prior close
+10.0%1-day move
₹628.95
prior close
₹629.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+8.5+9.7+12.9+12.1+10.0+11.6+12.9+9.2+8.0+6.0+2.4+0.6+24.0
Up moveDown movePending
AI summary

Butterfly Gandhimathi Appliances held its Board meeting on May 11, 2026, approving the audited standalone financial results for FY2026 ending March 31, 2026. Total income rose to Rs 9,514.62 crore (from Rs 8,714.77 crore in FY2025), while net profit increased 40% to Rs 456.38 lakh (from Rs 325.33 lakh). EPS improved from Rs 18.20 to Rs 25.53. The Board reappointed S. Mahadevan & Co as Cost Auditors and appointed Ernst & Young as Internal Auditors and ASA & Associates LLP as Tax Auditors for FY2027. An exceptional charge of Rs 15.92 lakh was recorded due to new labour code implementation. Statutory auditors ASA & Associates LLP issued an unmodified opinion.

Likely market impact

The strong 40% jump in net profit and improved EPS are positive signals for shareholders. The appointment of a Big Four firm (Ernst & Young) as internal auditors could signal improved governance standards. No auditor resignations or governance red flags were identified.