Statement for Deviation of Variation for proceeds of Public Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indobell Insulations reported audited financial results for FY2026 with revenue from operations of Rs. 1,557.90 lakhs, down 39% from Rs. 2,572.91 lakhs in FY2025. Profit for the year fell to Rs. 80.44 lakhs from Rs. 218.59 lakhs, while EPS dropped to Rs. 1.28 from Rs. 3.47. The company declared no dividend for FY2025-26. On a positive note, operating cash flow turned positive at Rs. 450.16 lakhs compared to negative Rs. 431.56 lakhs last year, driven by Rs. 971.73 lakhs collection from trade receivables. The company confirmed no deviation in IPO proceeds utilization (Rs. 1,014.30 lakhs raised in January 2025), with Rs. 41 lakhs still held in fixed deposit awaiting plant machinery purchase. The board appointed Mr. Mayank Burman as CEO effective 1st June 2026. The auditor flagged write-back of old credit balances worth Rs. 120.73 lakhs to other income based solely on management representations.
The significant decline in revenue and profit despite improved operating cash flow suggests cost control measures but weaker business performance. No dividend and lower EPS may disappoint shareholders. The new CEO appointment could signal strategic changes ahead. The auditor's emphasis on the write-back of old liabilities warrants investor attention as it affects profit quality.