Standalone Audited Financial Results For Quarter and Financial Year Ended March 31, 2026
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Modern Dairies Ltd reported revenue from operations of Rs 339.92 Cr for FY2026, slightly down from Rs 348.09 Cr in FY2025. Profit after tax (PAT) declined sharply to Rs 4.88 Cr from Rs 82.96 Cr in the previous year, representing a massive drop in profitability. EPS fell to Rs 1.89 (basic) from Rs 35.46 in FY2025. The statutory auditor APT & Co LLP issued an unmodified (clean) opinion on the financial results. The company has a significant contingent liability related to Milk Cess demand from Govt. of Haryana for Rs 544.31 Crore, with only Rs 21.89 Crore provisioned as on 31 March 2026. During Q4, promoter group converted 2.8 crore share warrants into equity shares at a premium of Rs 40 each.
The sharp decline in profitability from Rs 82.96 Cr to Rs 4.88 Cr is a major concern for shareholders despite the clean audit opinion. The substantial Milk Cess liability of Rs 544.31 Crore poses significant contingent risk that could impact future financials if the Supreme Court rules against the company.