GRM Overseas Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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GRM Overseas Limited reported audited consolidated results for FY2026 with total income of Rs 1,80,585.37 lakhs, up 31.2% from Rs 1,37,419.76 lakhs in FY2025. Revenue from operations grew to Rs 1,76,919.60 lakhs from Rs 1,34,819.28 lakhs. Net profit after tax and share of associates increased to Rs 7,434.20 lakhs from Rs 6,123.63 lakhs, representing 21.4% PAT growth. The company completed conversion of all share warrants into equity shares and issued bonus shares in 2:1 ratio during the year, increasing paid-up capital from Rs 1,200 lakh to Rs 4,144.20 lakh. Statutory auditors Mehra Goel & Co. issued an unmodified (clean) opinion on the financial results. However, the company reported negative operating cash flows of Rs 5,359.48 lakh for consolidated and Rs 6,114.89 lakh for standalone, compared to positive Rs 6,233.79 lakh and Rs 5,597.72 lakh respectively in the previous year.
Strong revenue and profit growth are positive signals, but the significant negative operating cash flow despite higher profits raises concerns about working capital management and earnings quality. The large bonus issue increased share count, diluting EPS from Rs 10.21 to Rs 7.85 on restated basis.