Audited Financial Results for the quarter and year ended 31st March, 2026
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Kenrik Industries reported FY2026 revenue of ₹8,019.54 Lakhs, up ~7.3% from ₹7,474.25 Lakhs in FY2025. However, net profit turned negative at -₹0.38 Lakhs versus ₹99.31 Lakhs in the prior year—a dramatic collapse. The company operates in gold/silver ornaments and bullion trading, where material costs (₹7,973.50 Lakhs) nearly equal total revenue, leaving almost no operating margin. Q4 FY2026 alone showed a loss of ₹58.83 Lakhs. The company raised ₹874.50 Lakhs via IPO in May 2025 and got listed on BSE SME Platform. The auditor issued an unmodified opinion with no qualifications.
The company is barely profitable despite healthy revenue, indicating extreme margin compression in its commodity trading business. The negative cash flow from operations (-₹956.19 Lakhs) and working capital buildup (trade receivables surged ₹991.10 Lakhs) signal liquidity stress. Existing shareholders face dilution risk from the IPO proceeds while earnings remain near zero.