Outcome of Board meeting held on April 29, 2026
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FGP Limited reported audited financial results for Q4 and FY ended March 31, 2026. Revenue from operations surged to Rs 196.70 lakhs from Rs 23.08 lakhs in the previous year, a jump of over 753%, primarily due to the company commencing commodity trading activities during the year. The company turned profitable with PAT of Rs 7.28 lakhs compared to a loss of Rs 3.28 lakhs in FY 2025. Other income also increased to Rs 55.94 lakhs from Rs 27.62 lakhs. The statutory auditors MVK Associates issued an unmodified (clean) opinion on the financial results. The Board also approved the appointment of Mr. Pradeep Shashikant Pathare as an Additional Non-Executive Independent Director and re-appointment of Ms. Shweta Ratnakar Musale for a second term, both subject to shareholder approval at the AGM.
The company has returned to profitability after a loss-making FY 2025, with the new commodity trading segment driving exceptional revenue growth. The clean audit opinion provides further confidence to shareholders. The stock may see positive sentiment given the turnaround and growth, though investors should note the small absolute profit.