Submission of Financial Results for the Quarter and FY ended 31st March, 2026
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Phaarmasia Ltd reported FY26 revenue of Rs 4,720.75 Lakhs, up 94% from Rs 2,436.88 Lakhs in FY25. The company swung from a net loss of Rs 160.27 Lakhs in FY25 to a net profit of Rs 1,626.98 Lakhs in FY26 — a remarkable turnaround. However, the profit includes a Rs 1,898.70 Lakhs exceptional gain from the sale of land and building, meaning the underlying operational profit was much smaller. The Q4 FY26 itself recorded a loss of Rs 51.33 Lakhs. Critically, operating cash flow was deeply negative at Rs 1,641.10 Lakhs, indicating cash generation from operations remains a concern. The statutory auditor issued an unmodified (clean) opinion, and no going concern issues were raised.
While revenue and profit growth look impressive on paper, the results are heavily inflated by a one-time property sale. The negative operating cashflow is a serious red flag for shareholders as it shows the business is not generating cash from its core operations. The stock may face scrutiny over the sustainability of profitability.