Outcome of the Board Meeting Held on May 29, 2026
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Niks Technology Ltd's board approved audited financial results for FY2026 ending March 31, 2026. Total income declined to Rs. 690.17 Lacs from Rs. 909.29 Lacs in FY2025, a drop of about 24%. Profit after tax fell to Rs. 20.38 Lacs from Rs. 45.05 Lacs in the previous year, a decline of approximately 55%. EPS reduced to Rs. 4.08 from Rs. 9.74. The company operates in drone spray services and drone parts segments. Statutory auditor Jay Gupta & Associates issued an unmodified opinion, and M/s. R Shukla & Co. was re-appointed as internal auditor for FY2026-27. Operating cash flow turned positive at Rs. 31.59 Lacs compared to negative Rs. 44.77 Lacs last year.
The significant decline in revenue and profit is a concern for shareholders. Despite positive operating cash flow recovery, the 55% drop in PAT and 24% revenue decline indicate operational challenges. The clean audit opinion provides some comfort on financial reporting quality.