Audited Financial Results for the quarter and year ended 31st March, 2026.
INCREDIBLE · price
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Incredible Industries Ltd reported audited results for Q4 and FY26. Full-year revenue grew 11.1% to Rs 84,029.78 lakhs from Rs 75,614.48 lakhs. However, profit after tax declined 7.8% to Rs 1,151.64 lakhs versus Rs 1,248.72 lakhs in FY25. EBITDA margin compressed slightly from 2.92% to 2.87% despite revenue growth, indicating rising costs in the iron and steel business. The company incurred significant capex on SMS project and rolling mill upgradation at Durgapur, with capital work-in-progress nearly tripling to Rs 3,533.88 lakhs. Cash and cash equivalents dropped sharply from Rs 1,817.68 lakhs to Rs 832 lakhs due to heavy investing outflows. Statutory auditors R. Gopal & Associates issued an unmodified clean opinion with no going concern issues flagged.
Revenue growth was offset by margin compression and profit decline, which may disappoint investors expecting stronger bottom-line performance. The significant capex investment could support future earnings but creates near-term cash pressure. Clean audit opinion provides assurance on financial reporting quality.