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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company reported a net profit of Rs. 499.28 lakhs for FY26 compared to a net loss of Rs. 766.47 lakhs in FY25—a major turnaround. Revenue from operations declined to Rs. 467.33 lakhs from Rs. 605.90 lakhs YoY. The company discontinued its manufacturing operations during the half-year ended September 2025, sold off machinery and building assets at better-than-expected values (Rs. 602.47 lakhs received), and reversed previously booked impairment provisions. From January 2026, the company pivoted its business objective to IT services including software development, mobile applications, ERP solutions, and cloud services. The auditor issued a qualified opinion due to non-compliance with Ind AS-19 for gratuity/leave encashment accounting and the business discontinuation. Total equity turned positive at Rs. 95.86 lakhs from negative Rs. 403.42 lakhs last year, with borrowings slashed from Rs. 352.19 lakhs to just Rs. 3.60 lakhs.
The turnaround from deep losses to profitability and positive equity is a strong positive signal, though the auditor's qualified opinion and business model shift introduce uncertainty. The massive debt reduction improves financial stability going into the new IT services business.