Audited Standalone and Consolidated Financial Results for the quarter and year ended on 31st March, 2026

Qualified audit opinionGoing-concern doubtEmphasis of matterRevenue declinedNet loss reportedExceptional itemResults View source PDF Explain this filing

ELECTHERM · price

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Price reactionminutes from the announcement price · days from the prior close

-9.1%Reaction day

₹850.60

prior close

₹874.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-9.2% vs market

Iron & Steel Products peers, median of 97sector+0.7%-9.8% vs sector

On the reaction day the stock moved 9.2 pts less than Nifty Microcap 250 and 9.8 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.8

10m

-5.7

15m

-5.2

30m

-4.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-9.1+0.1-9.2+0.7-9.8

Next day

-9.9+1.7-11.6+1.6-11.6

-8.1+2.4-10.5+0.8-8.9

-8.3+2.4-10.6+1.4-9.7

-0.8+1.7-2.5+0.6-1.4

+9.0+0.6+8.4-0.3+9.3

+17.8+1.9+15.8+0.2+17.6

15d

+33.0+4.9+28.1+1.3+31.6

+24.9+8.9+15.9+3.5+21.3

+20.8+7.5+13.2-0.2+21.0

+24.0+13.6+10.4-0.2+24.3

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Electrotherm reported annual standalone revenue of ₹3,692.09 Cr for FY26, down ~10% from ₹4,115.37 Cr in FY25. The company posted a net loss of ₹16.18 Cr for FY26 versus a net profit of ₹428.60 Cr in FY25 — a dramatic reversal. For Q4 standalone, revenue was ₹1,139.99 Cr with net profit of ₹13.36 Cr. Consolidated PAT for FY26 was a loss of ₹15.66 Cr. The auditor issued a Qualified Opinion due to non-provision of interest on NPA loan accounts amounting to ₹1,066.12 Cr (standalone) and ₹1,407.64 Cr (consolidated) — which overstated Q4 profits by ~₹40–51 Cr and understated annual losses by ~₹150–195 Cr. The company has negative equity (standalone: -₹109.06 Cr; consolidated: -₹153.88 Cr), indicating a potentially distressed balance sheet. Short-term borrowings stand at ~₹997 Cr standalone. Finance costs halved to ₹24.13 Cr from ₹45.52 Cr due to prior ARC settlements. Exceptional items included a ₹23.45 Cr liability reduction from a Rare ARC settlement (₹20.02 Cr to capital reserve, ₹3.43 Cr to P&L).

Likely market impact

The Qualified Opinion, negative equity, massive unprovided interest liabilities, and ongoing DRT proceedings against the company and its subsidiaries raise serious concerns about financial health and going concern. Revenue decline and heavy debt load add to the risk profile for investors.