Scoda Tubes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SCODATUBES · price
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Scoda Tubes reported FY2026 revenue of ₹5,186.50 million, up 7% from ₹4,848.90 million in FY2025. PAT grew 22% to ₹388.43 million from ₹317.41 million. The company completed its IPO in June 2025, raising ₹2,200 million. Key accounting changes include switching depreciation from WDV to Straight Line Method (reducing depreciation by ₹156.66 million for FY2026) and adoption of new labour codes. The board also cancelled the proposed €7,000 investment in Arvind sp.z o.o. due to regulatory and cross-border remittance challenges. Operating cash flow turned negative at ₹-137.94 million, a significant deterioration from positive ₹184.16 million in FY2025. Capital expenditure was substantial at ₹1,158 million, largely funded by IPO proceeds.
The stock may see mixed reaction - positive PAT growth and EBITDA margin expansion are offset by negative operating cash flow and higher capital expenditure. The depreciation method change has artificially boosted FY2026 profitability, which investors should note for future comparisons.