Submission of Financial Results for the quarter & year ended 31st March 2026
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National Oxygen Ltd reported a significant turnaround in FY2026 with revenue jumping to Rs 86,204 lakhs from Rs 40,582 lakhs in the previous year - more than doubling. The company swung from a net loss of Rs 702.22 lakhs in FY2025 to a net profit of Rs 183.86 lakhs in FY2026. However, the positive results were boosted by an exceptional gain of Rs 281.25 lakhs from the sale of Mathur commercial property. The company also stopped operations at its Perundurai plant from May 2025 due to competition and rising costs. The auditor issued an unmodified (clean) opinion. The company appointed R. Bala Subramanian as internal auditor for FY2026-27.
While the company returned to profitability with doubled revenues, shareholders should note the balance sheet shows negative equity of Rs 610.53 lakhs and continued negative operating cash flow of Rs 108.90 lakhs. The property sale gain inflated profits and operational challenges at the Perundurai plant remain a concern.