Audited financial results for the quarter and year ended 31 March 2026
ORCHASP · price
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Orchasp Ltd reported revenue from operations of Rs 2,125.62 lakhs for FY26, marginally higher than Rs 2,108.27 lakhs in FY25. The company turned profitable with net profit of Rs 105.20 lakhs compared to a loss of Rs 1,052.35 lakhs in the previous year. However, the auditors from JMT & Associates issued a qualified opinion citing three key issues: Rs 6,825 lakhs invested in a non-operational Portuguese subsidiary facing cancellation notice, trade receivables and payables outstanding over 6 months without balance confirmations, and non-payment of TDS and statutory dues. The company transferred the Portuguese subsidiary investment to a new US subsidiary 'Orchasp Inc'. Operating cash flow remained negative at Rs 420.15 lakhs, though improved from Rs 1,558 lakhs in FY25. This is the fourth consecutive qualification by auditors.
The qualified audit opinion and recurring qualifications (fourth time) signal governance and compliance risks. The large investment in a cancelled foreign subsidiary and negative operating cash flow may concern shareholders, though the return to profitability is a positive development.