PASHUPATINSEPashupati Cotspin LimitedMediumNeutral
Announced Sat, 30 May · 16:57 IST

Pashupati Cotspin Limited has informed the Exchange regarding 'Revised Submission of Audited Standalone and Consolidated Financial Results for the Quarter and Year Ended March 31, 2026 under Regulation 33 of SEBI (LODR) Regulations, 2015'.

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AI summary

Pashupati Cotspin Limited has re-submitted its audited financial results for Q4 and FY26 after discovering inadvertent errors in classification, grouping, and presentation of certain figures in the original filing dated May 29, 2026. The revisions affected Cost of Materials Consumed, Purchase of Stock-in-Trade, borrowing classifications, and MSME payables classifications in both standalone and consolidated results. The company has confirmed these corrections have no impact on profitability, cash flows, net worth, or earnings per share. The auditor issued an unmodified (clean) opinion. This is the company's first set of Ind AS financial statements following migration from SME to Main Board in July 2025. Standalone revenue grew to Rs. 6,559 crore but net profit declined to Rs. 103.9 lakh from Rs. 141.1 lakh in the prior year.

Likely market impact

The revision is technical in nature and does not affect shareholder value or financial health. However, investors should note the year-on-year profit decline despite revenue growth, indicating margin compression. The stock split (Rs. 10 to Re. 1 face value) effective April 17, 2026 affects EPS comparability.