Outcome of Board Meeting - Audited Financial Results of the Company for the quarter and year ended March 31, 2026
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The Board approved the audited financial results for FY2026. Revenue from operations grew 7.9% to Rs 25,101 Lakhs from Rs 23,266 Lakhs. However, profit after tax remained essentially flat at Rs 2,877 Lakhs versus Rs 2,875 Lakhs in the prior year. The company recognized an exceptional charge of approximately Rs 590 Lakhs due to new Labour Code amendments (gratuity and compensated absences) as a plan amendment past service cost. The auditors from Sharp & Tannan Associates issued an unmodified opinion, confirming clean financial statements. The company also re-appointed Kishore Bhatia & Associates as Cost Auditors for FY2026-27.
PAT stagnation despite revenue growth reflects margin compression from the one-time labour code compliance cost. The stock should be viewed neutrally as underlying operational performance appears stable but earnings were impacted by the non-recurring exceptional charge.