Enclosed Audited financial results (Standalone & Consolidated) for the fourth quarter and financial year ended 31st March 2026 along with Statutory Auditor''''s report thereon.
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Clenon Enterprises Ltd reported FY2026 standalone revenue of Rs 353.69 lakhs, up significantly from Rs 196.30 lakhs in FY2025 (approximately 80% growth). However, the company posted a net loss of Rs 239.78 lakhs, worsening from a loss of Rs 70.85 lakhs in the prior year. Total expenses nearly doubled to Rs 594.76 lakhs against Rs 267.15 lakhs, driven mainly by a sharp increase in 'other expenses' to Rs 203.45 lakhs. The company had negative other equity of Rs 370.28 lakhs as of March 2026. Operating cash flow was negative at Rs 100.40 lakhs. The statutory auditor TRM & Associates issued an unmodified opinion on both standalone and consolidated results.
Despite strong revenue growth, the company remains deeply unprofitable with mounting losses and negative cash flow from operations. The negative equity position and consistent losses are serious concerns for shareholders. The auditor's unmodified opinion indicates no material concerns were raised.