Approval of Audited Financial Statements for the quarter and year ended 31st March, 2026.
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Omnitex Industries reported revenue from operations of Rs. 379.41 lakhs for FY2026, up 19.1% from Rs. 318.56 lakhs in FY2025. However, net profit declined to Rs. 145.11 lakhs from Rs. 180.31 lakhs in the prior year. Total comprehensive income jumped significantly to Rs. 5,200.83 lakhs, primarily due to Rs. 5,076.12 lakhs in fair value gains on investments designated at Fair Value through OCI. The company invested Rs. 17,000 lakhs in Cumulative Convertible Preference Shares of BlueEnergy Motors Limited, which caused cash equivalents to drop sharply from Rs. 10,036.49 lakhs to Rs. 701.32 lakhs. The auditor issued an unqualified opinion with no going concern issues raised.
While revenue growth approached 20%, the company saw a PAT decline of about 19.5%. The massive OCI gain from investment revaluation inflated total comprehensive income but does not affect cash flows. Shareholders should note the significant cash deployment into BlueEnergy Motors and that MD remuneration of Rs. 9.57 lakhs is pending shareholder approval at the AGM.