Outcome of Meeting of the Board of Directors of the Company held on 29th May, 2026 and Submission of Financial Results of the Company for the Quarter and Year ended 31st March, 2026.
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RJ Shah & Company reported FY2026 results with flat revenue of Rs 1,046.02 Lakhs compared to FY2025. However, profit after tax surged 123% to Rs 536.99 Lakhs from Rs 240.73 Lakhs, driven by a sharp reduction in total expenses from Rs 368.92 Lakhs to a negative Rs 66.72 Lakhs (due to inventory changes). EPS improved to Rs 191.71 from Rs 85.94. The Board recommended a dividend of Rs 2.50 per share (same as prior year), subject to shareholder approval. The audit report was issued with an unmodified (clean) opinion, and a new internal auditor was appointed.
Strong profitability improvement year-on-year despite flat revenue suggests better cost management or operational efficiency. However, negative operating cash flow of Rs 133.61 Lakhs (vs positive Rs 212.16 Lakhs in FY25) and a significant drop in cash reserves to Rs 55.65 Lakhs from Rs 721.92 Lakhs raise concerns about cash conversion and liquidity.