audited financial results for the year ended on 31.03.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Frontline Corporation reported total income of Rs 12,476.50 Lakhs for FY26, up 15.2% from Rs 10,832.13 Lakhs in FY25. However, profit before tax declined 14.2% to Rs 306.96 Lakhs (FY25: Rs 357.66 Lakhs), and net profit fell 16.5% to Rs 241.08 Lakhs (FY25: Rs 288.85 Lakhs). The auditor issued a Qualified Opinion due to non-provision of Rs 671.98 Lakhs interest on NPA accounts, which overstates profit and understates liabilities. Additionally, lenders have initiated SARFAESI proceedings against the company for loan defaults, and a related party, Fairdeal Supplies Limited (where promoter-directors are also directors), has been admitted to Corporate Insolvency Resolution Process under IBC. The company has extended corporate guarantees for Fairdeal's facilities, creating potential contingent liability. Multiple emphasis of matter items were noted including MSME dues outstanding and unavailable balance confirmations.
The Qualified Opinion and non-provision of Rs 671.98 Lakhs interest on NPA accounts are significant red flags indicating potential understatement of liabilities and overstatement of profits. The related party CIRP and SARFAESI proceedings create uncertainty over the company's financial stability and any contingent liabilities from corporate guarantees.