Revised Machine-Readable Audited Standalone and Consolidated Financial Statements for the period ended 31st March, 2026
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Globtier Infotech Ltd filed revised audited financial statements for FY2026. The revision was purely technical — triggered by BSE's rejection of the original machine-readable PDF submission — and does not represent a restatement of financials. Auditors Sri Prakash & Co. issued clean, unmodified opinions on both standalone and consolidated results. Standalone revenue declined from ₹9,423L to ₹7,305L (~22.5% YoY), with PAT falling from ₹767L to ₹604L (~21.3% YoY). Consolidated revenue was ₹7,586L with PAT of ₹577L, down from ₹9,481L / ₹583L in the prior year. The company completed its IPO in September 2025, raising ₹2,744L, with proceeds fully deployed as per objects. Negative operating cash flows were observed (standalone: -₹261L; consolidated: -₹1,219L), driven by large increases in trade receivables and short-term loans and advances. Subsidiary Botgo Technologies reported a net loss of ₹76L, partially offsetting Globtier USA's profit of ₹33L.
The company delivered lower revenues and profits in its first full fiscal year post-IPO. The revenue decline of ~22% is significant and the negative operating cash flow raises concerns about working capital management. Shareholders should monitor receivables collection and the path to revenue recovery, though the clean audit opinion removes going-concern uncertainty.