This is to inform you that pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 the Board of directors at its meeting held today i.e. 30th May, 2026 have inter alia approved the following: 1. ....
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Saffron Industries Ltd has reported audited standalone financial results for FY2026 with an unmodified (clean) audit opinion from Jagdish Khatri & Associates. Revenue from operations increased to ₹68.64 Crores from ₹63.21 Crores in the previous year, representing approximately 8.6% growth. However, profit after tax declined significantly to ₹15.74 Crores from ₹28.09 Crores in the prior year, a drop of about 44%. EPS stood at ₹2.19 compared to ₹3.91 in the previous year. The company generated strong operating cash flow of ₹96.35 Crores, driven by a major increase in trade payables. Trade receivables also increased substantially to ₹17.40 Crores from ₹0.86 Crores. The company disposed of plant and machinery used for manufacturing newsprints and paper during the year.
While the company posted revenue growth, the sharp decline in profitability is a concern for shareholders. The clean audit opinion provides some comfort on financial reporting integrity. The significant increase in trade receivables warrants monitoring as it could indicate collection challenges or channel stuffing.