Outcome of the Meeting of the Board of Directors of Khandelwal Extractions Limited held today i.e. Monday, May 25, 2026
Awaiting price reaction for this filing.
Khandelwal Extractions Ltd's Board of Directors approved the annual audited financial statements and results for the year ended March 31, 2026. Total revenue declined to Rs. 78.26 lakh from Rs. 91.33 lakh in the previous year. Profit after tax fell to Rs. 21.00 lakh from Rs. 29.60 lakh. Despite lower profitability, the company's total assets grew to Rs. 375.56 lakh from Rs. 351.82 lakh. The statutory auditors M/s P.L. Tandon & Co. issued a clean (unmodified) audit opinion with no adverse remarks. Cash and cash equivalents reduced to Rs. 7.09 lakh from Rs. 17.25 lakh. Earnings per share stood at Rs. 2.47 compared to Rs. 3.48 in the prior year.
The stock may face selling pressure due to decline in revenue and profitability year-on-year. However, the clean audit report and growth in total assets provide some comfort to existing shareholders. Investors should monitor cash position as it has significantly reduced.