Audited Financial results for the Fourth Quarter and Year Ended 31st March, 2026.
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Sharda Ispat Ltd reported full-year FY26 revenue of Rs 16,879.39 Lakhs, down 3.8% from Rs 17,544.30 Lakhs in FY25. Net profit declined 18.2% to Rs 620.24 Lakhs from Rs 758.55 Lakhs, with EPS falling to Rs 12.22 from Rs 14.94. However, Q4 showed strong recovery with revenue jumping 64% YoY to Rs 6,719.96 Lakhs and net profit of Rs 434.61 Lakhs. Finance costs increased significantly by 67.8% to Rs 251.07 Lakhs. Trade receivables rose sharply to Rs 1,859.48 Lakhs from Rs 1,231.13 Lakhs. Operating cash flow turned negative at Rs -70.97 Lakhs versus positive Rs 1,124.52 Lakhs in the prior year. Statutory auditors issued an unmodified opinion.
The company showed mixed signals with a strong Q4 recovery but full-year revenue and profit decline. The negative operating cash flow and rising finance costs are concerning for shareholders, though the clean audit opinion provides some comfort.