AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31-03-2026 AND FINAL DIVIDEND UPDATE
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Coromandel Agro Products reported audited results for FY2026 ending March 31, 2026. Revenue from operations declined significantly to Rs 10,632.84 lakhs from Rs 15,905.46 lakhs in FY2025, representing a ~33% drop. Net profit fell to Rs 310.31 lakhs from Rs 376.48 lakhs in the previous year, down about 18%. Q4 FY26 showed a net loss of Rs 39.90 lakhs despite higher quarterly revenue of Rs 5,110.99 lakhs. The company recommended a final dividend of Rs 1.50 per share. Operating cash flow turned negative at Rs -364.06 lakhs in FY26 compared to a positive Rs 8.42 lakhs in FY25. Short-term borrowings increased to Rs 1,594.74 lakhs from Rs 1,216.74 lakhs. Auditors issued an unmodified opinion with no qualifications.
The significant revenue decline of 33% and negative operating cash flow indicate operational challenges. Shareholders should note the deteriorating financial performance compared to FY2025, though the dividend recommendation provides some return. The increased reliance on short-term borrowings raises liquidity concerns.