Indo Count Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Indo Count Industries reported FY2026 consolidated profit after tax of Rs. 12,667.62 lakhs, a significant decline of approximately 49% from Rs. 24,999.83 lakhs in FY2025. Consolidated revenue from operations remained flat at Rs. 4,14,134.88 lakhs vs Rs. 4,15,139.13 lakhs. The profit decline was driven by multiple headwinds including Rs. 960.70 lakhs impact from new Indian Labour Codes (gratuity and compensated absences), Rs. 1,281.81 lakhs interest paid on delayed IGST refund to GST authorities, and Rs. 3,287.71 lakhs mark-to-market loss on derivative contracts. The company also finalized purchase price allocations for acquisitions of Fluvitex USA and Modern Home Textiles. The board recommended a final dividend of Rs. 1.50 per share (75% of face value). Statutory auditors Price Waterhouse Chartered Accountants LLP issued an unmodified opinion, and the company submitted a declaration confirming the clean audit.
The stock may face negative sentiment due to nearly 50% decline in annual profit. However, flat revenue suggests the decline is largely due to one-time items rather than fundamental business deterioration. Positive factors include strong operating cash flow and the dividend recommendation.