Please find enclosed herewith approved Audited Financial Results for the quarter and year ended 31st March 2026.
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Haria Apparels reported annual revenue of Rs 969.43 Lakhs for FY26, up significantly from Rs 237.40 Lakhs in FY25 (over 300% growth). However, profitability declined sharply - Net Profit After Tax fell to Rs 11.49 Lakhs from Rs 83.66 Lakhs (86% drop). The company posted a quarterly loss of Rs 6.37 Lakhs in Q4 FY26. Balance sheet shows negative reserves of Rs (844.67) Lakhs, indicating accumulated losses. Trade receivables surged to Rs 189.65 Lakhs from Rs 15.23 Lakhs, which may indicate aggressive revenue recognition or collection issues. The statutory auditor issued an unmodified (clean) opinion on the financial results.
Strong revenue growth is offset by severe profit contraction and deteriorating balance sheet health. The negative reserves and high receivables may concern investors about earnings quality and cash conversion. Clean audit opinion provides some reassurance on reporting integrity.