1. The Audited Financial Results (Standalone and Consolidated) for the fourth quarter and year ended 31st March, 2026 along with the report of Statutory Auditor's thereon, as recommended ....
FEDDERSHOL · price
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Fedders Holding Limited reported standalone loss of Rs 57.14 lakh for FY26 vs loss of Rs 5.61 lakh in FY25. On consolidated basis, the company posted profit of Rs 9,130.63 lakh (142% YoY growth from Rs 3,771.13 lakh). Consolidated revenue declined to Rs 43,750 lakh from Rs 45,606 lakh. Statutory auditors O. Aggarwal & Co. issued an unmodified opinion on standalone results but a qualified opinion on consolidated results due to issues in subsidiary Fedders Electric and Engineering Ltd - including Rs 47.65 lakh not transferred to IEPF, improper Fixed Assets Register, non-compliance with Ind AS 109 for preference shares, and Rs 47.66 crore trade receivables income with inadequate documentation. The subsidiary has been delisted from NSE and BSE (w.e.f March 2, 2026) following voluntary delisting approved by NCLT. The consolidated operating cash flow was negative at Rs 23,669.71 lakh despite profit.
The qualified opinion on consolidated results and negative operating cashflow signal earnings quality concerns. Subsidiary delisting and audit qualifications in a subsidiary contributing Rs 4,373.69 crore revenue raise red flags for investors.