Appointment of Internal Auditor for the FY 2026-27
OMFREIGHT · price
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Om Freight Forwarders Ltd reported audited financial results for FY2025-26 with mixed performance. Revenue from operations declined to ₹476.92 Cr from ₹490.14 Cr in the previous year, while Profit After Tax (PAT) fell significantly to ₹15.38 Cr from ₹21.65 Cr — a decline of approximately 29%. The company completed its IPO in October 2025, raising ₹24.44 Cr. Operating cash flow turned negative at ₹7.08 Cr compared to a positive ₹32.64 Cr in the prior year, indicating working capital stress. Trade receivables surged with doubtful debt allowance jumping from ₹0.34 Cr to ₹4.81 Cr. The Board also re-appointed M/s. Gala & Associates as Internal Auditor for FY2026-27. The statutory auditor issued an unmodified (clean) opinion.
The sharp PAT decline and negative operating cash flow are concerning signals for shareholders. While the auditor gave a clean opinion, the deteriorating profitability and cash flow quality may weigh on investor sentiment despite the recent IPO proceeds strengthening the balance sheet.