Submission of Audited Financial Results for the Half Year and Year ended on 31st March, 2026
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Scarnose International reported a sharp revenue decline for FY26 ending March 2026, with total income falling to ₹832.38L from ₹1,028.53L in FY25 — a drop of approximately 19%. The company swung to a loss before tax of ₹9.91L compared to a profit of ₹25.33L in the prior year, largely due to a surge in purchase of stock-in-trade costs (₹791.88L) and elevated other expenses. PAT for the year was negative at ₹7.41L versus a positive ₹18.91L in FY25. EPS stood at -0.24 per share. Other income doubled to ₹17.23L. The statutory auditor issued an Unmodified Opinion, and no going concern or qualified issues were raised.
The company swung from profit to loss in FY26 due to a significant revenue contraction and cost pressures, which is a negative signal for shareholders. However, the clean audit opinion and appointment of new auditors (secretarial and internal) suggest management is addressing governance.