Declaration of audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
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KS Smart Technologies (formerly Soma Papers and Industries) reported strong consolidated FY2026 results with revenue of ₹13,119 Lakhs, up ~91% from ₹6,883 Lakhs in FY2025. Consolidated PAT grew 265% to ₹7,433 Lakhs from ₹2,014 Lakhs. EPS stood at ₹9.17 (vs ₹4.13). The company underwent a reverse acquisition of KS Smart Solutions Pvt Ltd, changing its business to end-to-end IT solutions. The standalone entity is essentially a shell with minimal operations (revenue ₹203 Lakhs, loss ₹32.28 Lakhs) post-restructuring. Statutory auditors were changed from the predecessor to Sharp & Tannan. The auditors issued an unmodified opinion with an emphasis of matter regarding the presentation of comparative figures due to the reverse acquisition accounting treatment.
The company shows exceptional growth post-restructuring with near-tripling of PAT. However, the standalone entity is a post-restructuring shell with losses. Investors should note the reverse acquisition accounting makes historical comparisons complex and the heavy reliance on acquired entities for profitability.