INCREDIBLE INDUSTRIES LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Incredible Industries Limited reported revenue from operations of Rs. 8,402.98 lakhs for FY26, up 11.1% from Rs. 7,561.45 lakhs in FY25. Profit before tax grew 25.5% to Rs. 166.14 lakhs, but profit after tax declined 7.8% to Rs. 115.16 lakhs due to higher tax outgo. EPS for the year stood at Rs. 2.54 per share (basic and diluted) compared to Rs. 2.70 in the previous year. The company is investing heavily in an SMS project and rolling mill upgrade at Durgapur, with capital work-in-progress increasing from Rs. 1,136.79 lakhs to Rs. 3,533.88 lakhs. Operating cash flow turned negative at Rs. 96.23 lakhs from a positive Rs. 373.47 lakhs in FY25, primarily due to higher working capital usage and capital expenditure. The board did not recommend any dividend for FY26. The statutory auditor issued an unmodified opinion.
The decline in PAT despite PBT growth signals margin pressure from higher taxes. The significant negative operating cash flow and heavy capex for the SMS project indicate near-term liquidity strain. However, the clean audit opinion and revenue growth are positive signs for long-term investors.