Outcome of Board Meeting held on 30th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved standalone and consolidated audited financial results for FY ended March 2026. Standalone revenue grew marginally by ~2.8% to Rs. 2,275.15 lakh from Rs. 2,213.74 lakh, but net profit declined significantly by ~14.7% to Rs. 1,345.93 lakh from Rs. 1,577.91 lakh in the prior year. Consolidated PAT similarly declined ~15.2% to Rs. 1,356.94 lakh. The statutory auditors DMKH & Co. issued an unmodified (clean) opinion with no qualifications or emphasis of matter. Working capital analysis shows inventory increased substantially to Rs. 879.66 lakh (vs Rs. 541.12 lakh prior year) and trade payables nearly doubled to Rs. 624.19 lakh, indicating significant working capital buildup. Short-term borrowings reduced from Rs. 516.64 lakh to Rs. 397.95 lakh, suggesting some deleveraging. Operating cash flow remained positive at Rs. 3,788 lakh.
The stock shows mixed signals - marginal revenue growth but significant PAT decline of ~15%. The clean auditor opinion provides confidence, but the sharp profit decline and increased working capital requirements (doubled trade payables, higher inventory) warrant attention. Long-term debt reduced substantially while short-term borrowings decreased, indicating improved leverage.