Attaching herewith the Audited Financials of the Company for the quarter and year ended March 31, 2026 along with the Report of the Auditors thereon and a Declaration of Unmodified opinion ....
HARRMALAYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.2 pts less than its Rubber peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Harrisons Malayalam Limited reported audited standalone financial results for FY2026 ending March 31, 2026. Revenue from operations grew 4.9% to ₹53,908.42 lakhs from ₹51,391.40 lakhs in the prior year. Profit after tax more than doubled to ₹2,915.02 lakhs from ₹1,490.06 lakhs, representing approximately 96% PAT growth. EPS improved to ₹15.80 from ₹8.07. Statutory auditors Walker Chandiok & Co LLP issued an unmodified (clean) opinion. A forensic audit was completed revealing misappropriation of funds by junior employees at certain estates, though no material fraud was identified. Management has initiated disciplinary actions and is strengthening internal controls. The company has zero tax expense due to unabsorbed depreciation and carry forward losses. Current liabilities exceed current assets, though management states the company can meet its obligations.
Strong financial performance with near-doubling of profits is positive for shareholders. The clean audit opinion provides confidence in financial reporting. However, the working capital deficit and past employee misappropriation incidents warrant monitoring. The forensic audit finding, while not material, highlights internal control weaknesses.