Outcome of the Board Meeting for Audited Financial Results for the period ended March 31, 2026 and declaration of Dividend
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Creative Newtech Limited reported strong annual results for FY2026 ending March 31. Standalone revenue grew 55.7% to Rs. 2,55,116 Lakhs from Rs. 1,63,855 Lakhs, while PAT increased 34.4% to Rs. 3,435 Lakhs. Consolidated revenue rose 52.1% to Rs. 2,69,977 Lakhs with consolidated PAT at Rs. 7,029 Lakhs, up 32.4%. The board declared an unmodified audit opinion and recommended a final dividend of Rs. 0.50 per share (5% on Rs. 10 face value), subject to shareholder approval. The company also appointed Mr. Ajit Thakur as CFO, replacing Mr. Abhijit Kanvinde who resigned on April 14, 2026. Key concerns include a significant increase in short-term borrowings from Rs. 6,953 Lakhs to Rs. 32,425 Lakhs and trade receivables nearly tripling to Rs. 55,138 Lakhs on standalone basis.
The strong revenue and profit growth signals solid operational performance. However, the substantial increase in borrowings and negative operating cash flow of Rs. 25,738 Lakhs (standalone) raises concerns about working capital management. Investors should monitor if the company can convert profits to cash and manage the higher debt levels.