Indo Farm Equipment Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Indo Farm Equipment Limited reported standalone revenue of Rs 41,953.84 lakh in FY2026, up ~14.4% from Rs 36,676.99 lakh in FY2025. Standalone PAT stood at Rs 2,186.90 lakh vs Rs 2,261.48 lakh — marginally lower year-on-year. On a consolidated basis, revenue grew to Rs 44,656.20 lakh (FY2025: Rs 38,981.10 lakh) and PAT increased to Rs 2,469.35 lakh (FY2025: Rs 2,354.68 lakh). The company has a subsidiary, Barota Finance Ltd (NBFC), whose financials were audited by a separate auditor. The statutory auditor, Deepak Jindal & Co., issued an unmodified (clean) opinion on both standalone and consolidated results, confirmed by the CFO's declaration. The company completed an IPO in FY2024-25 and continues to utilise proceeds — primarily for crane capacity expansion and NBFC capital base — with Rs 5,115.32 lakh still unutilised as of March 31, 2026. No going concern, qualification, or emphasis of matter issues were flagged.
Results reflect steady topline growth with flat standalone profitability; the clean audit opinion is a positive signal for governance-conscious investors. However, the absence of strong PAT growth may limit near-term re-rating.