Outcome of the Board Meeting - Approval of Audited financial results (Standalone & Consolidated) for the Financial year ended 31-03-2026.
MOSCHIP · price
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Moschip Technologies reported audited financial results for FY2026 ending March 31. Consolidated total income grew to Rs 59,062.84 lakhs from Rs 47,069.82 lakhs, representing approximately 25% year-on-year growth. Net profit after tax increased to Rs 3,520.43 lakhs from Rs 3,335.75 lakhs, a modest 5.5% increase. An exceptional charge of Rs 581.86 lakhs was recorded due to new Labour Code implementation impacting gratuity and leave liabilities. The company completed merger of subsidiaries Softnautics Inc and Softnautics Private Limited with effect from April 4, 2025, with prior period numbers restated accordingly. Statutory auditors issued unmodified opinion with no qualifications. The Board also appointed new internal auditors and allotted 85,604 equity shares under employee stock option schemes.
Strong revenue growth of ~25% demonstrates healthy business momentum, though PAT growth remained modest due to one-time exceptional charges. Shareholders can note continued profitability with clean audit opinion. The merger integration is now complete with restated historical numbers.