Outcome of The Board Meeting Dated May 28, 2026.
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IIRM Holdings India Ltd's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue grew 45% YoY to Rs. 529 lakh with net profit of Rs. 93.96 lakh (PAT up 23.5% YoY). Consolidated revenue rose 15% to Rs. 25,215 lakh with net profit of Rs. 2,436.69 lakh (PAT up 12.7% YoY). The company also appointed M/s B Venkata Chandu & Associates as internal auditor for FY 2026-27 and Ms. Vempala Sri Lakshmi as Company Secretary & Compliance Officer (effective July 31, 2026). Notably, standalone operating cash flow was deeply negative at Rs. -3,546.80 lakh despite net profit of Rs. 138.11 lakh, driven primarily by large increases in other non-current assets (Rs. 3,306 lakh) and trade receivables (Rs. 340 lakh). The statutory auditor Seshachalam & Co. issued an unmodified opinion with no going concern issues flagged.
Revenue growth is strong on standalone basis; however, the large negative operating cash flow despite positive net profit raises concerns about earnings quality and working capital management. The substantial jump in other non-current assets (from Rs. 172 lakh to Rs. 3,478 lakh) warrants scrutiny and may reflect post-amalgamation restructuring or non-cash items. Shareholders should monitor cash conversion going forward.