Kaya Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
KAYA · price
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Kaya Limited reported FY2026 consolidated revenue of Rs. 22,247.55 lakhs, a marginal ~2.4% increase from Rs. 21,716.83 lakhs in the prior year. However, the company posted a steep consolidated loss of Rs. 9,617.31 lakhs from continuing operations, compared to a loss of Rs. 3,336.77 lakhs in FY2025 — roughly tripling the losses year-on-year. The deterioration was driven by a Rs. 1,176.58 lakh impairment on property, plant and equipment, a Rs. 145.10 lakh charge due to new Labour Codes, and elevated finance costs of Rs. 3,562.26 lakhs. Cash flow from operations turned positive at Rs. 2,056.57 lakhs. The Board also approved extending Rs. 16.19 crore director loans (from Promoter Directors Harsh and Rajendra Mariwala) for another 7 years, and raised Rs. 7,500 lakhs via preferential equity allotment to Axana Estates LLP during the year.
The tripling of losses and negative net worth (other equity at negative Rs. 16,794.97 lakhs) raise serious concerns about financial viability. While the auditors issued an unmodified (clean) opinion, they included an Emphasis of Matter drawing attention to the going concern assumption — indicating auditors want users to note the company's reliance on promoter funding to stay afloat. This is a significant red flag for shareholders.