Board of directors of the company has approved the audited financials results for the half and year ending 31.03.2026
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Awaiting price reaction for this filing.
The company reported a significant turnaround from profit to loss for FY26. Revenue from operations declined by about 23% to Rs 6,769.78 lakh from Rs 8,756.24 lakh in FY25. The company posted a net loss of Rs 1,296.24 lakh compared to a net profit of Rs 1,369.65 lakh in the previous year. Basic EPS turned negative at Rs -5.64 per share versus Rs 5.96 in FY25. The Securities segment contributed massive losses of Rs 1,725.35 lakh despite FMCG operations remaining profitable at Rs 38.27 lakh. The company appointed M/s. Ravindra Dhakar & Associates as internal auditor for FY27. Auditors gave an unmodified opinion. Significant related party transactions include large loans to companies with common directors and director remuneration.
The stock is likely to see negative sentiment due to a massive swing from profit to loss and revenue decline. The company's heavy exposure to the Securities segment caused substantial losses, raising concerns about business diversification. Shareholders should monitor the company's ability to restore profitability.