Financial results for the period ended March 31,2026
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Satani Bearings Limited (formerly Deccan Bearings Limited) reported audited standalone results for FY2026 ending March 31, 2026. Total revenue stood at Rs. 1,643.91 lakhs compared to Rs. 355.16 lakhs in the previous year, representing significant revenue growth. The company reported a profit before tax of Rs. 24.59 lakhs (vs Rs. 9.12 lakhs) and profit after tax of Rs. 20.59 lakhs (vs Rs. 5.12 lakhs). EPS for the year was Rs. 0.10 on a face value of Rs. 10 per share. The company raised Rs. 1,781.67 lakhs through equity issuance under preferential allotment. Auditors issued an unmodified opinion with no qualifications. Key audit focus was on revenue recognition accuracy.
Revenue surged nearly 5x year-on-year, driven by increased trading activity. However, the stock-in-trade purchase cost (Rs. 1,569.46 lakhs) suggests a low-margin trading business model. Shareholders should note related party transactions with Satani Hot Former and significant reliance on a single sales counterparty.