Outcome of Board Meeting held on 26th May 2026 to consider financial results for fourth quarter and year ended 31st March 2026
KHAITANLTD · price
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Khaitan India Limited reported standalone revenue of Rs 11,222.72 lakhs for FY2026, up 44.6% from Rs 7,760.87 lakhs in FY2025, driven by strong performance in Electrical Goods segment. However, profit after tax declined 13% to Rs 606.34 lakhs from Rs 697.93 lakhs, with EPS falling to Rs 12.77 from Rs 14.69. The auditors issued a qualified opinion stating the company's suspended sugar mill operations (incurred heavy losses, production stopped for a long time) should have been classified as Discontinued Operations but were treated as continuing operations. The sugar segment showed losses of Rs 25.98 lakhs for the year. The company incorporated two new wholly-owned subsidiaries during the year - Khaitan Fans and Appliances Ltd. and Khaitan Strategy Ltd. Trade receivables, payables, and loans remain subject to confirmation as per Emphasis of Matter.
The qualified audit opinion and ongoing sugar mill losses create concerns about financial reporting integrity. Despite strong revenue growth in electrical goods, the company's decision to continue treating a loss-making suspended division as ongoing operations may mask true business performance. Shareholders should monitor the sugar mill revival plans and any potential asset impairment.