Harrisons Malayalam Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
HARRMALAYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Harrisons Malayalam Limited reported strong full-year results with revenue from operations growing 4.9% to Rs 53,908 lakhs from Rs 51,391 lakhs. Profit after tax nearly doubled to Rs 2,915 lakhs from Rs 1,490 lakhs, with EPS rising to Rs 15.80 from Rs 8.07. The company conducted a forensic audit that identified misappropriation of funds by junior employees who diverted estate payments to their own accounts, though no material fraud was detected. Management has initiated disciplinary actions and is strengthening internal controls. The auditors issued an unmodified (clean) opinion. However, the balance sheet shows current liabilities exceeding current assets by about Rs 11,628 lakhs, raising going concern questions that management addressed with reference to expected cash flows and credit facilities.
The sharp profit growth is positive for shareholders, but the liquidity imbalance (current liabilities exceeding current assets) and internal fraud findings at estate level may create near-term concerns despite the clean audit opinion.