Corrigendum to the Statement of Financial Results for the Half Year Ended 31st March, 2026 is attached
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Leo Dryfruits & Spices Trading Ltd has filed a corrigendum to correct a clerical error in their financial results for FY 2025-26. The error involved figures for the half year ended March 2025 being incorrectly shown as full-year figures instead of half-year figures. The company states the correction has no impact on profitability, assets, liabilities or cash flows. For the full year ended March 2026, standalone revenue grew 99.6% to Rs 17,424.10 lakh from Rs 8,731.11 lakh, while net profit increased 29.1% to Rs 1,053.87 lakh from Rs 816.40 lakh. Operating cash flow was negative at Rs 641.48 lakh despite profitability, which the company financed through increased short-term borrowings (up 85% to Rs 3,364.84 lakh). The auditors gave clean opinions on both standalone and consolidated results with no qualifications.
The corrigendum is a minor administrative correction with no financial impact. However, the company shows strong revenue growth but faces working capital challenges as indicated by negative operating cash flow despite profitability. Short-term borrowings have nearly doubled, suggesting liquidity pressure.