Please find enclosed herewith Audited Financial Results for the quarter and year ended 31st March 2026 approved by the Board of Directors at their meeting held on 28th May, 2026
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Elango Industries Limited reported audited results for Q4 and FY26. Total revenue declined significantly to Rs. 23.98 Lakhs for FY26 from Rs. 95.92 Lakhs in FY25, representing a sharp revenue decline. The company posted a net loss of Rs. 13.55 Lakhs for FY26, improved from Rs. 21.69 Lakhs loss in FY25. EPS improved from Rs. -0.57 to Rs. -0.36. The statutory auditor issued a qualified opinion due to an electricity subsidy receivable of Rs. 1.09 crore pending for a long period, with inadequate information to ascertain recoverability. This qualification has been continuing since March 2022. The company appointed M/s B. Panneer & Co as internal auditor for FY26-27. Operating cash flow remained negative.
The qualified audit opinion regarding the electricity subsidy recoverability raises concerns about asset quality. While the net loss narrowed year-on-year, the sharp revenue decline and negative operating cash flow indicate operational challenges. Shareholders should monitor the company's ability to reverse revenue decline and clarify the subsidy recovery status.