Pursuant to provisions of Regulation 30 read with Regulation 33 and other applicable provisions of the SEBI Listing Regulations, we wish to inform that the Board of Directors of the Company ....
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Shashwat Furnishing Solutions reported audited results for FY2026 ending March 31. On a standalone basis, revenue from operations was flat at Rs. 468.48 Lakhs (vs Rs. 469.39 Lakhs), while the company swung to a net loss of Rs. 53.76 Lakhs from a profit of Rs. 35.50 Lakhs in the prior year. On a consolidated basis (including newly acquired subsidiary Dhruvanshi Agrotech from Nov 2024), revenue nearly doubled to Rs. 2,395.03 Lakhs from Rs. 1,351.51 Lakhs (+77%), yet consolidated net loss was Rs. 35.52 Lakhs vs profit of Rs. 53.87 Lakhs previously. The auditors issued an unmodified opinion confirming clean financials. Reserves declined from Rs. 148.04 Lakhs to Rs. 94.28 Lakhs on standalone. The company now has a consolidated net worth of Rs. 332.36 Lakhs.
The sharp reversal from profit to loss despite consolidated revenue growth is a concern. The standalone business is deteriorating, and the subsidiary acquisition inflated top-line without restoring profitability. Investors should watch for cash burn and recovery plans.