Board Meeting Outcome attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Purple Agrotech Industries Ltd held its Board Meeting on 29th May 2026 and approved the audited standalone financial results for the quarter and year ended March 31, 2026. The company reported revenue from operations of Rs. 1,999.59 lakhs for FY2026, compared to Rs. 123.01 lakhs in the previous year, representing massive revenue growth. However, profit after tax declined to Rs. 16.45 lakhs from Rs. 30.80 lakhs in the prior year. The statutory auditors HSK & Co. LLP issued an unmodified opinion on the financial results. Additionally, Mr. Naishadh Dineshbhai Modi, who was already Managing Director & CFO, has been appointed as Chairman of the company. The cash flow statement shows negative operating cash flow of Rs. 496.65 lakhs despite reporting profit, indicating significant working capital challenges with trade receivables increasing by Rs. 606.59 lakhs.
Despite massive revenue growth, the decline in profitability and negative operating cash flow may concern investors. The auditors' unmodified opinion provides some comfort on financial reporting accuracy, but the cash flow deterioration warrants monitoring.