Saraswati Saree Depot Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Saraswati Saree Depot reported annual revenue of Rs 6,311.62 million for FY26, up 4.6% from Rs 6,035.90 million in FY25. However, profit after tax fell 23.5% to Rs 234.06 million from Rs 305.76 million in the previous year. The auditors issued a qualified opinion citing inadequate stock records (not maintaining quantitative details of inventory) - this qualification has been recurring for 5 years. EPS declined from Rs 7.72 to Rs 5.89. The company also appointed M/s Ajit M. Joshi and Associates as internal auditor for FY27. Cash position improved significantly with closing cash at Rs 699.28 million vs Rs 465.16 million last year.
The 23.5% decline in PAT and qualified auditor opinion on weak inventory controls are concerns for investors. While revenue grew modestly and cash reserves strengthened, the persistent stock record-keeping issues and profit contraction suggest operational challenges.