Audited Financial Results for quarter and year ended March 31, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Everest Organics Ltd reported total income of Rs 19,615.11 Lakhs for FY2026, up from Rs 15,941.90 Lakhs in FY2025, representing approximately 23% revenue growth. The company returned to profitability with net profit after tax of Rs 804.68 Lakhs compared to a loss of Rs 324.26 Lakhs in the previous year. However, the auditors issued a QUALIFIED OPINION due to the company operating at substantially enhanced production capacity without necessary approvals from Telangana State Pollution Control Board (TSPCB). The auditors stated this non-compliance could impact the going concern status of the company through potential closure orders. Management has applied for Consent for Establishment (CFE) and awaits approval. The board also appointed Mr. Narra Venkata Ramana as new Independent Director and Chairman, reconstituting all board committees.
The qualified opinion raises significant concerns about regulatory compliance and potential operational disruptions. While revenue growth and return to profitability are positive, the unauthorized production capacity creates a material uncertainty regarding the company's ability to continue as a going concern. Shareholders should monitor TSPCB approval status closely.