S H Kelkar and Company Limited has informed the Exchange regarding Appointment of Kishore Bhatia & Associates as Cost Auditors.
SHK · price
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S H Kelkar and Company (SHK) reported FY2026 consolidated revenue of Rs 2,368.26 crore, up 11.5% from Rs 2,123.40 crore in FY2025. However, profit after tax declined to Rs 69.15 crore from Rs 73.01 crore in the prior year, with Q4 PAT at just Rs 1.81 crore. The company also announced significant auditor changes: B S R & Co. LLP will replace Deloitte Haskins & Sells LLP as statutory auditors for 5 years, Ernst & Young LLP appointed as internal auditors, and Kishore Bhatia & Associates as cost auditors for FY2026-27. Exceptional gain of Rs 35.92 crore was recorded from insurance claims related to the Vashivali plant fire. EPS stood at Rs 5.00 for FY2026 vs Rs 5.31 in FY2025. Auditors issued unmodified (clean) opinions on both standalone and consolidated results.
The PAT decline despite revenue growth signals margin compression, which could concern investors. The auditor change and weak Q4 performance may create near-term negative sentiment, though the clean audit opinion and insurance recovery provide some stability.