Financial Results for the Half Year and Year ended on 31st March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.6 pts more than Nifty Microcap 250 and 5.0 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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City Crops Agro Ltd reported a net loss of Rs. 393.21 Lakhs for FY26, a sharp decline from a profit of Rs. 247.69 Lakhs in FY25. Revenue fell significantly to Rs. 1,953.94 Lakhs from Rs. 5,591.71 Lakhs in the previous year, representing a 65% decline. The auditors issued a Qualified Opinion citing multiple concerns including unpaid income tax dues of Rs. 25.36 Lakhs spanning FY22-23 to FY24-25, inactive GST registration with unfiled returns, Rs. 300.25 Lakhs in undocumented IPO proceeds used for land development advances, and trade receivables outstanding for over two years without Expected Credit Loss provisions. The company also wrote down its entire opening stock-in-trade to NIL value citing perishability, contributing to the losses.
The qualified audit opinion with multiple compliance failures signals significant governance and financial reporting risks. The company swung from profit to loss with steep revenue decline, raising concerns about business viability and the reliability of financial statements. Investors should be cautious given tax non-compliance, undocumented transactions, and inability to substantiate asset recoverability.