Submission of Outcome of the Board Meeting held today on Tuesday, 26th May, 2026, for considered and approved the Audited Financial Results for Quarter and financial year ended March 31, 2026
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Globus Power Generation Limited reported zero revenue from operations for both Q4 and FY2026, a dramatic decline from Rs 0.07 lakhs in the previous year. The company posted a net loss of Rs 12.80 lakhs for FY2026 compared to a profit of Rs 354.13 lakhs in FY2025. Exceptional items of Rs 38.25 lakhs (related to provisions) were recorded this year versus Rs 402.83 lakhs last year. Total comprehensive income turned negative at Rs 12.80 lakhs against Rs 284.07 lakhs previously. The company's negative other equity stands at Rs 9,093.68 lakhs against equity share capital of Rs 9,894.85 lakhs, indicating negative net worth. Operating cash flow is marginally negative at Rs 0.26 lakhs. The audit opinion is unmodified (clean).
The company has moved from profit to significant loss with zero operating revenue and negative equity, raising serious concerns about its financial health and ability to continue as a going concern. Shareholders should be cautious as the financial position indicates severe deterioration.