Appointment of Internal Auditor for FY 2026-27.
ISHANCH · price
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Ishan Dyes and Chemicals reported a net loss of Rs 710.85 lakhs for FY 2025-26, a steep decline from a net profit of Rs 108.50 lakhs in the prior year. Revenue from operations fell to Rs 7,347.13 lakhs from Rs 10,146.96 lakhs, representing a ~27.6% year-on-year decline. The company posted a loss even before tax of Rs 496.20 lakhs versus a profit of Rs 211.88 lakhs previously. The statutory auditors issued an unmodified (clean) opinion. The Board also appointed M/s H D Panchal & Co., Chartered Accountants, as Internal Auditor for FY 2026-27. Cash flow from operations remained positive at Rs 859.18 lakhs, though down from Rs 1,160.62 lakhs in the prior year.
The sharp revenue contraction and swing to net loss are concerning for shareholders. However, positive operating cash flow and an unmodified auditor opinion provide some comfort regarding financial reporting integrity.