Attached is the outcome of Board Meeting, including FS for 31 March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 21.0 pts more than Nifty Microcap 250 and 22.1 pts more than its Meat Products including Poultry peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ovobel Foods Ltd reported strong full-year results with net sales rising 36% to Rs 256.75 crore from Rs 188.59 crore in the prior year. Net profit more than doubled, growing 169% to Rs 243.53 lakh (EPS Rs 25.63 vs Rs 9.53). Operating cash flow was healthy at Rs 301.79 lakh, up sharply from Rs 37.05 lakh previously. EBITDA margin expanded significantly year-on-year. The balance sheet shows total assets of Rs 168.99 crore with equity of Rs 110.09 crore. Borrowings stand at Rs 28.20 crore, with debt-to-equity ratio at comfortable 0.26x. Statutory auditors ASA & Associates LLP issued an unmodified opinion with no qualifications. The board also approved re-appointment of the same auditors for another 5-year term.
The company delivered robust double-digit growth in both revenue and profitability with healthy cash generation. Unmodified auditor opinion and manageable leverage are positive signals for investors. The stock is likely to see a bullish reaction given the strong beat on bottom-line metrics.