Approved Audited Financial Results (Standalone and Consolidated) of the Company for Half year and year ended March 31, 2026
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Shashwat Furnishing Solutions reported a sharp decline in standalone performance for FY2026, with revenue from operations at Rs 468.48 Lakhs (vs Rs 469.39 Lakhs in FY2025) and a net loss of Rs 53.76 Lakhs compared to a profit of Rs 35.50 Lakhs in FY2025. Basic EPS turned negative at Rs -2.57 per share. On a consolidated basis, the company includes a newly acquired subsidiary (Dhruvanshi Agrotech Private Limited from November 2024), which contributed Rs 2,169.02 Lakhs to consolidated revenue of Rs 2,404.96 Lakhs. Consolidated net loss stood at Rs 35.52 Lakhs (vs profit of Rs 53.87 Lakhs in FY2025). The auditor issued an unmodified (clean) opinion on both standalone and consolidated results. Trade receivables increased by Rs 33 Lakhs on standalone and Rs 23.85 Lakhs on consolidated basis.
The company swung from profit to loss on a standalone basis, which is a significant concern for investors. However, the consolidated entity shows revenue growth driven by the new subsidiary. The clean audit opinion provides some comfort, but the negative EPS and operating losses warrant caution.