Resubmitted FY26 results with qualified audit opinion on stock records
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Saraswati Saree Depot resubmitted FY26 audited results with a signed Statement on Impact of Audit Qualifications. The auditor issued a qualified opinion as the company did not maintain quantitative stock records (continuing for 5 years), though closing inventory was physically verified. No quantified financial impact. Revenue from operations grew 4.6% YoY to Rs 6,311.62 Mn, but PAT fell 23.5% to Rs 234.06 Mn. EPS dropped to Rs 5.89 from Rs 7.72. An internal auditor was also appointed for FY27.
Qualified audit opinion on stock records is a recurring issue, but no quantified financial impact. Profit decline may worry investors.