we wish to inform that the Board of Directors of Neelkanth Limited (the 'Company') has, at its meeting held today i.e. Friday, May 29, 2026, inter alia considered and approved the Audited ....
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Neelkanth Limited reported audited financial results for the quarter and year ended March 31, 2026. For FY2026, revenue from operations increased to Rs. 494.08 Lakhs from Rs. 327.99 Lakhs in FY2025, representing approximately 51% revenue growth. Profit after tax improved significantly to Rs. 24.75 Lakhs compared to just Rs. 0.77 Lakhs in the previous year. However, Q4 FY26 showed a loss of Rs. 16.97 Lakhs on revenue of Rs. 136.84 Lakhs. The statutory auditors issued an unmodified (clean) opinion on the financial results. The company's operating cash flow turned negative at Rs. (34.53) Lakhs compared to positive Rs. 84.01 Lakhs in FY2025, a significant deterioration despite improved profitability. Total assets increased from Rs. 1,011.39 Lakhs to Rs. 1,099.21 Lakhs.
The company showed strong year-on-year profitability improvement with PAT growth exceeding 3,000%, but the negative operating cash flow despite higher profits raises concerns about earnings quality and working capital management. The clean audit opinion provides some comfort to investors.