Inadvertently, declaration of unmodified opinion was attached in the financial results submitted earlier. Hence filing revised financial results with declaration as required.
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Evans Electric reported FY2026 revenue of Rs 2,070.58 lakh, down 18.7% from Rs 2,547.88 lakh in FY2025. The company swung to a net loss of Rs 43.06 lakh versus profit of Rs 757.47 lakh in the prior year. Basic and diluted EPS turned negative at Rs -0.78 per share from Rs 21.90. Operating cash flow improved to Rs 421.49 lakh from Rs 69.94 lakh. The company initially omitted the mandatory auditor declaration with unmodified opinion when filing results; BSE flagged this gap, and the company subsequently submitted the corrected filing with the declaration attached. Auditors issued an unmodified opinion with no material uncertainty on going concern.
The sharp revenue decline and first loss in years are concerning. However, positive operating cash flow and an unmodified audit opinion provide some comfort. The administrative omission of the declaration suggests procedural laxity rather than financial distress. Shareholders should monitor if the revenue decline continues in coming quarters.