Audited Standalone and Consolidated Financial Results for the quarter and year ended on 31st March, 2026
ELECTHERM · price
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Electrotherm reported a sharp deterioration in FY26 with standalone revenue declining 10.3% to Rs 3,692.09 Cr from Rs 4,115.37 Cr in FY25. The company swung to a net loss of Rs 16.18 Cr in FY26 from a net profit of Rs 428.60 Cr in FY25. Q4 FY26 revenue was Rs 1,139.99 Cr with Q4 PAT of Rs 13.36 Cr, down from Rs 185.45 Cr in Q4 FY25. The auditor issued a qualified opinion due to non-provision of Rs 1,066.12 Cr of interest on NPA accounts (standalone) and Rs 1,407.64 Cr (consolidated), which understated losses and liabilities. The company has negative total equity of Rs 109.06 Cr (standalone) and Rs 153.88 Cr (consolidated). Multiple subsidiaries and joint ventures face going concern issues due to DRT proceedings, asset auctions, and de-allocation of coal block. Income tax demands of Rs 76.64 Cr are pending appeals.
The qualified auditor opinion and negative equity position indicate significant financial distress. Investors should be cautious as the company faces potential reinstatement of Rs 1,066+ Cr in liabilities if ARC settlements are withdrawn, and multiple legal proceedings remain pending.