Audited Financial Results for FY ending on March 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hilltone Software and Gases Ltd reported FY2026 net revenue of Rs 1,472.81 lakhs, nearly doubling from Rs 752.49 lakhs in FY2025 (96% YoY growth). The company turned profitable with a net PAT of Rs 15.33 lakhs versus a loss of Rs 15.70 lakhs in the prior year. However, operating cash flow was deeply negative at Rs -255.54 lakhs, a major red flag. The Engineering/Heat Exchanger segment (new in FY2026) contributed Rs 868.23 lakhs in revenue, while the core Gases business declined to Rs 553.88 lakhs from Rs 644.53 lakhs. The Software segment added Rs 50.70 lakhs. The statutory auditor (Ashvin K Yagnik & Co.) issued an Unmodified Opinion with no going concern issues. The Board also approved non-material related party transactions.
Revenue growth is impressive on the top line, but the company barely turned profitable on the bottom line (EPS of Re. 0.12) and is burning cash operationally, which raises concerns about sustainability. The strong stock build-up and payables reduction suggest working capital stress.