Financial Results (Standalone & Consolidated) for the Quarter and Financial Year ended March 31, 2026.
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Kisan Mouldings reported a net loss of Rs 703.95 lakhs for FY26 (vs profit of Rs 328.08 lakhs in FY25). Consolidated revenue declined 8.7% to Rs 24,932.65 lakhs from Rs 27,301.01 lakhs. The company saw significant leadership changes: CMD Sanjeev Amarnath Aggarwal and Independent Director Sunil Agarwal both resigned on May 5, 2026; Arun Agarwal elevated from Non-Executive to Managing Director from June 1, 2026. Statutory auditors Sen & Ray resigned and were replaced by AKGVG & Associates. A provision of Rs 103.37 lakhs was recognised for incremental labour code liability. Cash flow from operations turned negative at Rs 277.85 lakhs (vs negative Rs 4,254.19 lakhs in prior year).
The company swung to a loss in FY26 with revenue declining 8.7%, raising concerns about operational performance. Multiple top-level resignations (CMD, independent director, auditors) suggest internal turmoil. Cash burn from operations continues though at a slower pace than the prior year. Shareholders should monitor the new management's turnaround strategy.