Result for 31.03.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Piotex Industries reported total income of Rs 13.87 lakh for FY2026, a sharp decline from Rs 47.01 lakh in the prior year (down ~70%). The company appears to have shifted from a manufacturing model (cost of materials consumed was near zero) to a trading model (stock-in-trade purchases of Rs 223.65 lakh). Net profit after tax stood at Rs 8.85 lakh vs Rs 44.94 lakh in FY2025 — a ~80% decline. EPS was Rs 1.01 per share vs Rs 6.35 previously. The auditor issued an unmodified (clean) opinion. However, an Emphasis of Matter was raised regarding an income tax demand of Rs 5.06 crore for Assessment Year 2024-25, which the company is contesting. Operating cash flow turned positive at Rs 987.57 lakh (vs negative Rs 710.86 lakh in FY2025) driven by large trade receivable collections. Short-term borrowings were drastically reduced from Rs 2,195 lakh to Rs 6.61 lakh.
The sharp revenue decline and massive PAT drop are concerning; however, positive operating cash flow and near-zero debt signal financial stability. The unresolved Rs 5.06 crore tax demand is a contingent liability risk despite management's optimism.