Enclosed herewith are the Audited Standalone Financial Results for the fourth quarter and year ended 31.03.2026, along with the Auditor Report and statement on Impact of Audit Qualification
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Auto Pins India Ltd reported total income of Rs. 3,737.01 lakh for FY26, down from Rs. 4,660.78 lakh in FY25, representing a revenue decline of approximately 20%. Net profit after tax fell to Rs. 27.16 lakh from Rs. 33.29 lakh in the prior year, while EPS declined to Rs. 0.48 from Rs. 0.58. The statutory auditor issued a Qualified Opinion due to non-provision for leave salary and gratuity of employees (amount unascertained), which is non-compliant with Ind AS-19 Employee Benefit. Management stated it will make necessary provisions in the subsequent financial year. Additionally, Rs. 133.46 lakh is withheld by a debtor over a rate dispute and remains shown as trade receivables. The Board has not recommended any dividend.
The qualified audit opinion and revenue decline signal operational challenges. The unresolved Rs. 133.46 lakh receivable dispute adds contingent risk. However, the company remains profitable with positive operating cash flow of Rs. 56.68 lakh for the year.