Grand Foundry Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Awaiting price reaction for this filing.
Grand Foundry Limited has reported audited financial results for FY2025-26 with revenue of Rs 1,052.56 lakhs, a massive jump from just Rs 2.05 lakhs in the previous year. The company turned profitable with PAT of Rs 18.13 lakhs compared to a loss of Rs 68.06 lakhs in FY2024-25. Q4 FY26 PAT was Rs 88.74 lakhs. The balance sheet shows total assets of Rs 1,336.72 lakhs (vs Rs 0.54 lakhs last year) but equity is deeply negative at Rs -545.34 lakhs due to accumulated losses of Rs 1,762.54 lakhs. Total borrowings stand at Rs 1,237.51 lakhs. The statutory auditors ANSK & Associates have issued an unmodified opinion on the financial statements.
The company shows dramatic revenue recovery and return to profitability, which is positive. However, the deeply negative net worth (equity) of Rs 545.34 lakhs raises serious concerns about the company's ability to continue as a going concern. Shareholders should monitor closely as negative equity indicates liabilities exceed assets.