Board has approved Audited financial Results for the year ended March 31,2026 and recommeded dividend.
ORICONENT · price
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Oricon Enterprises reported standalone revenue from operations of Rs. 1,620.22 lakhs for FY2026, up 31.6% from Rs. 1,230.95 lakhs in FY2025. The company turned profitable with standalone PAT of Rs. 732.51 lakhs from continuing operations versus a loss of Rs. 901.79 lakhs previously. Consolidated revenue declined slightly to Rs. 4,214.73 lakhs from Rs. 4,668.52 lakhs, but consolidated PAT improved to Rs. 1,819.77 lakhs from a loss. The company has undergone major restructuring with multiple discontinued operations including sale of Packaging, Petrochemical, Metal Crown Seals, and Aluminium Collapsible Tube businesses. Other expenses include Rs. 703.61 lakhs write-off of receivables. The board recommended 10% dividend (Rs. 0.20 per share), approved promoter reclassification, and accepted resignation of Independent Director Mr. Sumant Mimani. Auditors issued unmodified (clean) opinion.
The company shows turnaround in profitability but faces declining consolidated revenue and heavy write-offs. Multiple divestments indicate ongoing restructuring. Shareholders may see positive impact from dividend and clean audit opinion, but should monitor cash flow and new business deployment.