Result for the quarter and year ended March 31, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company reported strong revenue growth with Total Income surging to Rs. 14,709.18 lakhs in FY2026 from Rs. 2,900.19 lakhs in FY2025 (approx. 5x increase). Net Profit grew to Rs. 1,864.22 lakhs from Rs. 375.84 lakhs in the prior year. However, the auditors flagged multiple scope limitations and concerns in their Emphasis of Matter section. These include unconfirmed outstanding balances totaling Rs. 91.76 crores (including share premium of Rs. 79.36 crores), unverified end-use of funds raised, and Rs. 4,030.16 lakhs in bad debt write-offs for loans to untraceable borrowers without independent verification of existence or identity. The company also changed its accounting policy in November 2025, reclassifying investments as Stock-in-Trade with gains transferred to Capital Reserve. Additionally, MSME creditor bifurcation was not provided, and advances to suppliers remain unconfirmed. Despite these red flags, the auditors issued an unmodified opinion, and the Managing Director filed a declaration confirming the same.
Revenue and profit growth are impressive, but the multiple auditor red flags — including unverified loan write-offs of Rs. 40.30 crores and unconfirmed fund utilization — signal significant risk of financial misstatement and raise concerns about the reliability of reported earnings.