FINANCIAL RESULT FOR QTR4 AND YEAR ENDED MARCH 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pulsar International Ltd reported standalone audited results for Q4 and full year ended March 31, 2026. Revenue surged 313% year-on-year to Rs. 12,879.35 Lacs from Rs. 3,117.04 Lacs, but profit after tax collapsed 94% to just Rs. 10.45 Lacs from Rs. 176.46 Lacs. The Q4 alone showed a loss of Rs. 377.15 Lacs. Operating cash flow was deeply negative at Rs. 2,923.47 Lacs due to massive working capital build-up including Rs. 4,957.42 Lacs increase in trade receivables and Rs. 1,863.45 Lacs increase in inventories. The statutory auditor issued a modified (qualified) opinion citing inability to verify Rs. 18.63 Crore closing inventory, Rs. 4.24 Crore overdue trade receivables with no recovery, and Rs. 1.09 Crore overdue trade payables with no payment. Share capital increased 6x to Rs. 4,283.40 Lacs due to a rights issue.
The stock shows extreme revenue growth masking severe profitability collapse and negative operating cash flow. The qualified audit opinion raises serious concerns about asset quality and liability completeness, making the financial statements unreliable for investment decisions.