Re-Appointment of Internal Auditor
DOLPHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company held its Board meeting on May 5, 2026 and approved audited financial results for Q4 and FY26 along with re-appointing M/s. Manubhai & Shah LLP as Internal Auditor for FY26-27. Standalone performance shows a significant decline with net profit falling 91% to Rs. 324.16 lakhs from Rs. 3,753.55 lakhs in FY25, while revenue grew 27% to Rs. 1,488.48 lakhs. In contrast, consolidated results show strong growth with net profit rising 47% to Rs. 6,853.79 lakhs and revenue increasing 57% to Rs. 11,642.04 lakhs. Management recognized additional deferred tax assets of Rs. 1,065.49 lakhs on carried forward losses and created an ECL provision of Rs. 401.75 lakhs (standalone) and Rs. 904.95 lakhs (consolidated). Statutory auditors issued unmodified opinion with no qualifications.
The stark divergence between standalone and consolidated results, along with the 91% standalone profit decline, suggests weakness in parent company operations while subsidiaries drive group performance. Deferred tax asset recognition provides some accounting relief but underlying operational profitability concerns remain for standalone investors.