Re-appointment of the Internal Auditor
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Kovalam Investment & Trading Company reported strong financial performance for FY 2025-26 ended March 31, 2026. Total income increased significantly to Rs 185.94 lakhs from Rs 50.81 lakhs in the previous year, representing a 266% revenue growth. Profit after tax turned positive at Rs 164.49 lakhs compared to a loss of Rs 1,453.98 lakhs in FY 2024-25. EPS improved from Rs -3.35 to Rs 7.40. The company re-appointed M/s. Piyush Singla & Associates as Internal Auditors for FY 2026-27. Statutory auditors M/s. YAPL & Co. issued an unmodified (clean) audit opinion on the financial statements. Operating cash flow was positive at Rs 809.60 lakhs, a major improvement from negative Rs 94.94 lakhs in the prior year. The company operates as an NBFC with income primarily from interest, dividends, and investment-related activities.
The company has shown a dramatic turnaround with positive PAT and strong revenue growth, which could be positive for shareholder sentiment. The clean audit opinion and positive operating cash flow reinforce financial stability. However, investors should note the NBFC nature of the business and the significant variation in income sources.