Outcome of Board Meeting
DIAMINESQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for FY2026 ending March 31, 2026. Standalone revenue fell sharply to ₹3,845.77 lakhs from ₹7,139.29 lakhs in FY2025, a decline of about 46%. The company swung to a net loss of ₹1,252.35 lakhs compared to a profit of ₹631.24 lakhs the previous year. Consolidated loss was ₹1,395.70 lakhs. EPS turned negative at ₹-11.35 (standalone) and ₹-13.06 (consolidated). Operating cash flow was negative at ₹-1,176.53 lakhs, down from ₹-574.86 lakhs. The board also reappointed two directors and appointed new cost, internal, and tax auditors for FY2026-27.
The steep revenue decline and significant losses indicate serious financial stress for the company. Shareholders should be cautious as the stock may face pressure due to the turnaround in profitability and negative cash generation.