Results for the financial year ending 31st March 2026
Awaiting price reaction for this filing.
Fraser and Company Limited reported a net loss of Rs. 6.15 million for FY2026, significantly improved from a loss of Rs. 15.79 million in FY2025. Total income from operations stood at Rs. 3.80 million, up from Rs. 3.09 million in the previous year. The company's auditor issued a Qualified Opinion due to inability to verify trade receivables of Rs. 13.39 million, trade payables of Rs. 43.53 million (with Rs. 26.90 million under recovery suits), and advances to suppliers of Rs. 28.68 million. Cash flow from operations turned positive at Rs. 5.52 million. SEBI also imposed a penalty of Rs. 21 lakh on the company and promoters for delayed/inaccurate disclosures under LODR and SAST regulations.
The qualified audit opinion raises concerns about the reliability of financial records and possible contingent liabilities. The company remains loss-making with negative equity of Rs. 33.69 million, indicating weak financial health. Shareholders should exercise caution given ongoing regulatory issues and auditor qualifications.