Outcome of the Board Meeting held on May 29, 2026
GRMOVER · price
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GRM Overseas Ltd's Board approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Consolidated revenue grew 31.2% year-over-year to Rs 1,76,919.60 lakhs, while Profit After Tax (including share of associates) increased 21.4% to Rs 7,434.20 lakhs from Rs 6,123.63 lakhs. The company also re-appointed M/s Umang J & Co. as internal auditor for FY 2026-27. Statutory auditors Mehra Goel & Co. issued an unmodified (clean) opinion on the financial results. The EPS figures were restated due to a 2:1 bonus issue and conversion of share warrants into equity shares during the year. Cash flow from operations turned negative at Rs -5,359.48 lakhs compared to positive Rs 6,233.79 lakhs in the previous year.
Strong revenue growth of 31% demonstrates business expansion, but the significant negative operating cash flow despite profit growth signals potential working capital stress or cash conversion issues that investors should monitor closely.