Submission of outcome of Board Meeting in compliance with the Regulation 30, 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations').
SHAH · price
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Shah Metacorp Ltd has reported audited consolidated financial results for Q4 and FY ended March 31, 2026. Total consolidated revenue grew approximately 27% to Rs. 22,800.80 lakhs from Rs. 17,917.93 lakhs in the prior year. However, profit after tax declined sharply to Rs. 1,213.68 lakhs from Rs. 3,260.00 lakhs in the prior year, a drop of about 63%, largely due to an exceptional item of Rs. 2,482.20 lakhs in the prior year and higher operating costs this year. The auditors issued an unmodified opinion. An emphasis of matter was raised regarding Rs. 76.26 crore of long-outstanding trade receivables from an overseas customer, against which a provision for doubtful debts of Rs. 56.89 crore has been recognised. The company is pursuing a settlement via MOU. The board also re-appointed Mr. Mahendra Shukla as Executive Director and M/s. DDH & Associates as internal auditors for FY2026-27.
Despite revenue growth, the sharp decline in profitability and the large outstanding receivables flagged by auditors are concerning. The Rs. 50 crore rights issue underway and the high debt levels suggest the company is navigating a challenging financial situation, which could weigh on the stock.