Financial Results for the Quarter and year ended March 31, 2026
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Esaar India Ltd reported strong financial performance for FY26 with revenue from operations growing 176% to Rs 4,070.88 lakhs compared to Rs 1,476.84 lakhs in FY25. The company swung from a net loss of Rs 224.40 lakhs in FY25 to a net profit of Rs 1,113.69 lakhs in FY26. For Q4 FY26 alone, revenue was Rs 2,146.48 lakhs with PAT of Rs 2,501.19 lakhs. The statutory auditor issued an unmodified opinion confirming clean financial statements. Inventories increased significantly to Rs 1,309.17 lakhs from Rs 37.52 lakhs, reflecting higher share trading activity. The company also changed its accounting treatment for share trading income, classifying it as net gain/loss on trading with closing stock shown as inventories. Borrowings decreased from Rs 5,433.22 lakhs to Rs 4,688.28 lakhs, indicating some deleveraging.
The company has shown exceptional turnaround with revenue growth exceeding 175% and conversion from loss to profit, which should be positive for shareholders. The auditor's unmodified opinion provides comfort on financial reporting quality. However, the large swing in other comprehensive income (Rs 501.96 lakhs vs negative Rs 746.87 lakhs) and the significant inventory buildup warrant monitoring.