Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sharda Ispat Ltd reported audited standalone results for FY ended March 31, 2026. Total income declined to Rs 17,258.07 lakhs from Rs 17,855.31 lakhs in the prior year, a fall of about 3.4%, driven by lower revenue from operations (Rs 16,879.39 vs Rs 17,544.30 lakhs). Net profit after tax fell to Rs 620.24 lakhs from Rs 758.55 lakhs, down ~18.2% YoY, with EPS dropping to Rs 12.22 from Rs 14.94. Finance costs rose sharply to Rs 251.07 lakhs from Rs 149.58 lakhs. Statutory auditors M/s. Panpalia Taori & Co. issued an unmodified (clean) opinion. The board also re-appointed LNJ & Associates as Internal Auditor and Narendra Peshne & Associates as Cost Auditor for FY 2026-27. Operating cash flow turned negative at Rs -70.97 lakhs, sharply down from Rs 1,124.52 lakhs in the prior year.
Revenue and profit both declined year-on-year, with rising finance costs and a sharp reversal in operating cash flow are concerning signals for investors. However, the clean audit opinion provides some comfort on financial reporting integrity.