ZSARACOMBSESaraswati Commercial India LtdHighNeutral
Announced Tue, 26 May · 19:45 IST

Board of Directors at its meeting held on Tuesday, 26th May, 2026, inter alia, has considered and approved the following: 1.Audited Standalone and Consolidated Financial Results of the ....

Revenue Growth 20pctPat Growth 25pctEbitda Margin CompressionNegative Operating CashflowResults View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-5.2%1-day move
₹10150.00
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AI summary

The Board approved audited standalone and consolidated financial results for the quarter and year ended 31 March 2026. Total revenue from operations grew to Rs 12,094.60 Lakhs (vs Rs 7,541.58 Lakhs in FY25), a ~60% increase driven largely by higher net gains on fair value changes (Rs 10,946.20 Lakhs vs Rs 7,035.71 Lakhs) and increased interest income. Net profit after tax rose to Rs 9,231.06 Lakhs (vs Rs 5,341.12 Lakhs), a ~73% increase. EPS stood at Rs 842.31 (annualised). The auditor issued an unmodified (clean) opinion on both standalone and consolidated results. Key management changes include re-appointment of the internal auditor and the Chief Compliance Officer, plus resignation and appointment of the CIO. A preferential equity issue was completed raising Rs 7,862.58 Lakhs. All loan assets remain in 'standard' category per RBI norms.

Likely market impact

Strong bottom-line growth with PAT up ~73% YoY is positive, but EBITDA margin compression (from ~43% to ~11% of operating revenue) and deeply negative operating cash flow of Rs -11,416.55 Lakhs (driven by a Rs 11,578.36 Lakhs surge in loans extended) raise concerns about cash conversion quality despite reported profitability.