Approval of Audited Standalone and Consolidated Financial Results for quarter and year ended 31st March, 2026
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Parmeshwari Silk Mills Limited reported audited standalone financial results for FY26 with revenue from operations of Rs. 24,064.98 Lakhs, up 5.4% from Rs. 22,825.81 Lakhs in FY25. Profit after tax stood at Rs. 861.66 Lakhs versus Rs. 756.05 Lakhs in the previous year, representing a 14% increase. The company operates in a single segment (textile manufacturing) and has one subsidiary, Harappa Textile Mills Private Limited. The statutory auditor issued an unmodified opinion, though an Emphasis of Matter paragraph was included noting that inventory valuation was based solely on management-certified stock statements without physical verification, and balance confirmations were not obtained from certain trade receivables and payables. The company also did not provide for interest on delayed payments to MSME vendors. Outstanding qualified borrowings decreased marginally from Rs. 40.20 Crores to Rs. 39.56 Crores during the year.
The company delivered steady growth in revenue and profitability with clean audit opinion, which is positive for shareholders. However, the Emphasis of Matter observations regarding inventory verification and MSME interest provisioning suggest some internal control weaknesses that investors should monitor.