In continuation to our letter dated 1st May, 2026, we hereby inform that the Board of Directors of the Company in its Meeting held on 9th May, 2026 has approved the Audited Financial Results ....
SHREERAMA · price
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Shree Rama Multi-Tech Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations grew 15.3% to Rs. 23,967.74 Lakhs from Rs. 20,783.87 Lakhs in the previous year. However, net profit declined significantly by 51.7% to Rs. 2,476.23 Lakhs from Rs. 5,134.57 Lakhs in FY25. The auditors issued a Qualified Opinion due to non-consolidation of the company's defunct Mauritius-based wholly-owned subsidiary, Shree Rama (Mauritius) Limited, as required under Ind AS 110. The company also made an additional provision of Rs. 70.04 Lakhs for new labour code implementation costs. Deferred tax assets reduced from Rs. 2,984.93 Lakhs to Rs. 2,109.35 Lakhs during the year.
The significant 51.7% decline in net profit despite revenue growth indicates cost pressures or one-time items affecting profitability. The qualified audit opinion regarding the defunct subsidiary raises governance concerns and the inability to present consolidated financials may limit investor confidence.