Revised Financial Results.
Awaiting price reaction for this filing.
Nagarjuna Agri Tech Limited reported audited standalone revenue of Rs. 5,160.99 Lakhs for FY 2026, a massive jump from Rs. 0.61 Lakhs in the previous year as the company pivoted into food/bakery businesses through acquisitions. Net profit after tax stood at Rs. 156.89 Lakhs (vs. Rs. 7.99 Lakhs). The company completed an equity raise of Rs. 14,474.49 Lakhs through preferential allotment of 2.12 crore shares at Rs. 68 each. The Board also approved extensions for acquiring three bakery/food businesses: Kathleen Confectioners & Kathleen Food Private Limited (up to Rs. 15 Crores), Rafflesia Confectionary (up to Rs. 3 Crores), and 60% stake in Aarini Gourmet LLP (up to Rs. 3.75 Crores). Auditors issued unmodified opinions on both standalone and consolidated results. However, operating cash flow remained negative at Rs. 537.48 Lakhs, while trade receivables surged to Rs. 3,811.09 Lakhs (74% of revenue).
The company has dramatically transformed its business through acquisitions and equity funding. While revenue and profit showed extraordinary growth, the negative operating cash flow and high trade receivables relative to revenue raise concerns about revenue quality and cash collection sustainability.