Attaching herewith the Audited Financial Results of the Company for the Quarter and Year ended March 31, 2026 along with the Report of the Auditors thereon.
HARRMALAYA · price
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Harrisons Malayalam Limited reported standalone profit after tax of Rs 2,915.02 lakhs for FY2026, nearly doubling from Rs 1,490.06 lakhs in FY2025—a growth of 95.6%. Revenue from operations grew 4.9% to Rs 53,908.42 lakhs from Rs 51,391.40 lakhs. EPS improved to Rs 15.80 from Rs 8.07. Other income surged to Rs 2,385.54 lakhs (vs Rs 1,181.73 lakhs), including Rs 961.47 lakhs profit on asset sales. The company also disclosed completion of a forensic audit which identified misappropriation by junior employees in certain estates—management stated no material fraud was found and has initiated disciplinary and internal control strengthening actions. Current liabilities exceed current assets, though management expects to meet obligations through credit facilities and cash flows.
The strong PAT growth of ~96% and improved EPS signal operational recovery, particularly in the rubber segment. However, the forensic audit findings and working capital concerns may create some investor caution despite the clean audit opinion.