Enclosed Board Meeting Outcome Dated 28/05/2026 For Financial Results For The Quarter And Year Ended - March 31, 2026
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Sanmit Infra Limited reported FY26 revenue from operations of Rs 10,075.21 Lakhs, a decline from Rs 14,296.21 Lakhs in FY25. However, profit after tax grew 26.9% to Rs 197.93 Lakhs from Rs 155.95 Lakhs, driven by improved operational efficiency. The company operates across 5 segments with petroleum and related products being the dominant revenue source. The Board approved appointment of new internal auditor (M/s Manas Dash & Co.) and cost auditor (M/s C Sahoo & Co.) for FY27. The company also announced stock consolidation (10 shares of Rs 1 → 1 share of Rs 10) with record date April 30, 2026, and subscription to 51% equity in Sanmit Truevalue Infraprojects Private Limited (completed in April 2026). Auditor issued an un-modified (clean) opinion with no qualified or adverse remarks.
Revenue decline is concerning but PAT growth of 27% indicates operational efficiency improvements. The auditor's clean opinion provides confidence, though shareholders should note the significant increase in borrowings and the negative operating cash flow of Rs 0.61 Lakhs.