Munjal Showa Limited has submitted to Stock Exchange, the Financial Results for the period ended March 31, 2026
MUNJALSHOW · price
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Munjal Showa reported FY2026 revenue from operations of ₹13,154.22 lakhs, up ~5.2% from ₹12,504.47 lakhs in FY2025. However, profit after tax declined significantly to ₹2,187.17 lakhs from ₹2,886.98 lakhs in the prior year, a drop of about 24.3%. Q4 FY2026 itself saw a net loss of ₹4.53 lakhs. The company recorded an exceptional item charge of ₹220.02 lakhs due to increased gratuity liability from new Labour Codes. Operating cash flow turned negative at ₹2,064.47 lakhs (vs +₹3,661.44 lakhs in FY2025), largely due to a sharp rise in trade receivables. Statutory auditors Deloitte Haskins & Sells issued an unmodified opinion. The board recommended a dividend of ₹4.50 per share (225%).
Despite modest revenue growth, the sharp PAT decline and negative operating cash flow signal profitability pressure. Shareholders should monitor the working capital buildup (trade receivables up from ₹16,786 lakhs to ₹23,466 lakhs) and the Q4 loss, though the clean audit opinion and dividend offer some stability.