Audited Financial Results along with Auditors Report for the Quarter and Year ended March 31, 2026
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Craftroot Retail Ltd (formerly Nirbhay Colours India Limited) reported audited results for FY26 with net profit of Rs. 22.24 lakhs, up 204% from Rs. 7.32 lakhs in FY25. However, revenue declined drastically to Rs. 52.81 lakhs from Rs. 276.09 lakhs in the previous year - a fall of about 81%. The company reported negative operating cash flows of Rs. 122.23 lakhs for the year. Non-current borrowings increased significantly to Rs. 102.87 lakhs from Rs. 11.64 lakhs. The Board approved a final dividend of Rs. 0.05 per share and appointed 9 new directors including Mrs. Anar Patel as Managing Director and Mr. Dakshesh Shah as CFO. The statutory auditor issued an unmodified/unqualified opinion.
The massive revenue decline despite profit growth signals potential business restructuring or discontinued operations. Negative operating cash flow and rising debt levels raise concerns about liquidity. However, clean audit opinion and management changes may signal a fresh start. Shareholders should monitor the nature of business operations going forward.