As per attached filed
SHREERAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Rama Multi-Tech reported FY2026 revenue of Rs 239.68 crore, up 15.3% from Rs 207.84 crore in FY2025. Profit before tax surged 53.9% to Rs 33.60 crore from Rs 21.84 crore, driven by higher sales and improved margins. However, profit after tax declined to Rs 24.76 crore from Rs 51.35 crore in the prior year, largely because FY2025 included an exceptional deferred tax credit of Rs 29.51 crore from recognition of carried-forward tax losses. EBITDA margin expanded to approximately 14% from 10.5% previously. Cash flow from operations remained strong at Rs 32.44 crore. The company's wholly-owned subsidiary in Mauritius has been declared defunct, and the auditors issued a qualified opinion citing non-consolidation of subsidiary accounts as required under Ind AS 110.
The stock may face short-term pressure due to the qualified audit opinion and PAT decline, though underlying business performance (revenue growth, margin expansion, strong cash flows) remains solid. The auditor's qualification on subsidiary non-consolidation raises governance concerns.