The considered and approved the Audited Financial Results (Standalone) set out in compliance with Accounting Standards (AS) for the Half Year and Year ended March 31, 2026 together with ....
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Narmadesh Brass Industries Ltd reported audited standalone financial results for FY 2025-26. Revenue from operations grew 8.5% to Rs. 9,522.48 Lakhs from Rs. 8,779.47 Lakhs in the previous year. However, profit after tax declined significantly by 30% to Rs. 355.13 Lakhs from Rs. 506.71 Lakhs. The second half of the year saw a loss of Rs. 76.42 Lakhs despite H1 profit of Rs. 431.55 Lakhs, suggesting a sharp deterioration in H2 performance. The auditor issued an unmodified (clean) opinion with no qualifications. The company, recently listed via IPO in January 2026, deployed IPO proceeds towards debt repayment, machinery purchase, and working capital requirements.
The 30% decline in PAT despite revenue growth indicates margin compression and operational challenges in H2. While the clean audit opinion provides some comfort, investors should monitor the company's ability to restore profitability as inventory levels nearly doubled year-on-year.