Filatex Fashions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Filatex Fashions reported audited standalone revenue of Rs 11,219 Lakhs for FY26, down 37% from Rs 17,848 Lakhs in FY25. Standalone profit after tax fell sharply to Rs 280 Lakhs from Rs 937 Lakhs in FY25, a 70% decline. The auditor issued an unmodified (clean) opinion but raised several concerns including long outstanding trade receivables without provisioning, balances pending confirmation, and non-compliance with Ind AS 19 for gratuity/leave encashment provisions. The company also received fines from BSE and NSE for regulatory non-compliance. Board reconstitution occurred after Mr. Dhruv Chauhan's resignation, with Ms. Sonali Joshi appointed as new Audit Committee Chairperson. Consolidated net cash from operating activities turned negative at Rs 144 Lakhs.
Significant revenue and profit decline, combined with negative operating cashflow and auditor emphasis on unprovisioned receivables, suggests deteriorating financial health. Regulatory fines and board changes add governance concerns. Shareholders should monitor the company's ability to collect receivables and restore profitability.