Electrotherm (India) Limited has submitted to the Exchange, the Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2026.
ELECTHERM · price
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Electrotherm reported annual revenue of ₹3,692.09 Crores in FY26, down 10.3% from ₹4,115.37 Crores in FY25. The company swung to a net loss of ₹16.18 Crores for the year from a profit of ₹428.60 Crores in FY25. Q4 standalone profit was ₹13.36 Crores versus ₹185.45 Crores in Q4 FY25. The auditor issued a qualified opinion due to non-provision of interest on NPA loans totaling ₹149.61 Crores (year) and ₹39.20 Crores (Q4), understating liabilities by ₹1,066.12 Crores. The company has negative equity of ₹109.06 Crores, defaulted on loans to Invent ARC (₹24 Crore principal + ₹4.68 Crore interest), and has multiple legal proceedings including DRT cases, CBI/ED investigations, and income tax demands of ₹76.64 Crores.
The company faces severe financial distress with negative equity, qualified audit opinion, and multiple default/going-concern indicators. Investors should be cautious as the financial statements materially understate liabilities and the company is involved in various legal/enforcement proceedings.