Annual audited Financial Results for the quarter and year ended March 31, 2026.
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Saraswati Saree Depot Limited reported audited results for FY26 (year ended March 31, 2026). Total revenue grew 4.6% to Rs 6,359.73 million from Rs 6,071.53 million. However, profit after tax declined 23.5% to Rs 234.06 million from Rs 305.76 million in the prior year, reflecting margin pressure. The auditors issued a QUALIFIED OPINION — the company has not maintained proper stock records with quantitative details of goods traded for 5 consecutive years, though physical counting was done. No quantified impact on financials was reported by management. The company holds a 50% stake in a partnership firm (Saraswati Saree Depot) contributing Rs 9.73 million income. Cash and cash equivalents stand at Rs 699.28 million with minimal debt. The Board also approved appointment of M/s Ajit M. Joshi & Associates as internal auditor for FY27.
The qualified audit opinion (ongoing for 5 years) highlights inventory record-keeping weakness, which raises governance concerns despite physical verification being done. The 23.5% PAT decline may pressure near-term sentiment though the company remains cash-generative with Rs 350.59 million operating cash flow.