EUREKAFORBNSEEureka Forbes LimitedHighNeutral
Announced Tue, 19 May · 12:27 IST

Eureka Forbes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Exceptional ItemResults View source PDF

EUREKAFORB · price

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Price reaction · full curve 14 horizons · vs prior close
-4.5%1-day move
₹493.10
prior close
₹514.80
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AI summary

Eureka Forbes reported standalone revenue of ₹2,71,047 lakhs for FY26, up 11.3% from ₹2,43,606 lakhs in FY25. However, profit after tax declined 1.9% to ₹16,021 lakhs from ₹16,329 lakhs due to a ₹4,044.18 lakh exceptional charge related to new Labour Codes compliance (retiral benefits provisioning). The company received unmodified (clean) audit opinions from Deloitte Haskins & Sells LLP for both standalone and consolidated results. EBITDA expanded from ₹27,699 lakhs to ₹33,292 lakhs, though margin percentage was impacted by the one-time charge. The board also appointed new cost and internal auditors for FY27 and reassigned the Chief Growth Officer to additional e-commerce responsibilities.

Likely market impact

The clean audit opinion and ~11% revenue growth are positives, but the PAT decline due to the one-time Labour Code provision may cause short-term concern. However, the charge is regulatory-driven and non-recurring, so underlying business performance remains strong with EBITDA growth. Shareholders should monitor normalized earnings going forward.