1. The Audited Financial Results set out in compliance with Indian Accounting Standards (Ind - AS) for the Half Year and Year ended March 31, 2026 together with Statement of Assets & Liabilities ....
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Naksh Precious Metals Ltd (formerly Vaksons Automobiles Ltd) reported a significant deterioration in financial performance for FY2026. Standalone revenue declined sharply to Rs. 134.24 lakhs from Rs. 235.14 lakhs in the previous year, representing a 43% drop. The company swung from a net profit of Rs. 45.25 lakhs in FY2025 to a net loss of Rs. 37.58 lakhs in FY2026. EPS turned negative at Rs. (0.36) per share versus Rs. 0.43 previously. Other expenses surged to Rs. 97.70 lakhs from Rs. 17.37 lakhs, contributing to the loss. The auditors issued an unmodified opinion but flagged a Key Audit Matter regarding Rs. 164.98 lakhs cash-in-hand balance that could not be physically verified. The company also acquired a 51% stake in subsidiary NAS Global Industries Private Limited in June 2025.
The company swung to losses with revenue nearly halved, raising concerns about operational viability. The unexplained large cash balance and mounting losses may pressure the stock negatively in the near term.