Submission of Audited Financial Results of the Company for the Quarter and Financial year ended 31st March, 2026
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Sainik Finance & Industries Limited reported audited results for FY2026. Total income marginally increased to Rs. 1,695.11 lakhs from Rs. 1,672.82 lakhs, driven by interest income of Rs. 1,688.02 lakhs. However, profit after tax declined significantly to Rs. 416.56 lakhs from Rs. 617.61 lakhs in FY2025, a drop of about 32.5%. Basic EPS fell to Rs. 3.83 from Rs. 5.68. Finance costs increased substantially to Rs. 1,049.54 lakhs from Rs. 937.16 lakhs. The balance sheet shows loan portfolio grew to Rs. 14,124.65 lakhs while borrowings increased to Rs. 10,495.05 lakhs. Cash and cash equivalents declined sharply from Rs. 780.20 lakhs to Rs. 266.97 lakhs. Critically, operating cash flow turned negative at Rs. 2,527.21 lakhs compared to positive Rs. 1,681.55 lakhs in the prior year. The auditor issued an unmodified opinion but included an emphasis of matter regarding loans where neither principal nor interest has been received.
The significant decline in profitability, negative operating cash flow, and declining cash reserves are concerning for shareholders. The company faces liquidity challenges despite loan portfolio growth, and auditors flagged potential recovery risks on certain loans.