Approval of Audited Standalone and Consolidated Financial Results for the quarter and year ended on 31st March, 2026
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Parmeshwari Silk Mills Limited reported standalone revenue from operations of Rs 24,064.98 Lakhs for FY 2025-26, up 5.4% from Rs 22,825.81 Lakhs in the previous year. Profit After Tax stood at Rs 861.66 Lakhs, representing a 14% increase from Rs 756.05 Lakhs in FY25. EPS improved to Rs 28.71 from Rs 25.19. The auditor issued an unmodified (clean) opinion but included an Emphasis of Matter paragraph highlighting three concerns: inventory was not physically verified by auditors, balance confirmations were not obtained from trade receivables and payables, and the company has not provided for interest on delayed payments to MSMEs. Outstanding qualified borrowings decreased marginally from Rs 40.20 Crores to Rs 39.56 Crores. The company is not classified as a Large Corporate under SEBI norms.
The clean audit opinion and profit growth are positive, but shareholders should note the auditor's Emphasis of Matter concerns regarding inventory verification and trade receivables/payables confirmations, which suggest potential internal control gaps. The high debt-equity ratio of approximately 1.87x warrants monitoring.