Outcome of Board meeting for approval of Standalone and consolidated financial results for quarter and year end 31st March 2026
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Shree Salasar Investments reported mixed results for FY2026. On a standalone basis, revenue declined 15% to Rs 153 Lakhs from Rs 180 Lakhs, with profit after tax falling 22% to Rs 108 Lakhs from Rs 139 Lakhs. However, consolidated results tell a much stronger story - revenue surged 153% to Rs 11,237 Lakhs from Rs 4,444 Lakhs, driven by contributions from subsidiaries including Vin Care Realtors, Marine Drive Realtors, and several partnership firms. Consolidated PAT jumped over 650% to Rs 1,844 Lakhs from Rs 245 Lakhs, with EPS rising to Rs 26.45 from Rs 3.34. Auditors issued clean (unqualified) opinions on both standalone and consolidated results with no going concern issues. However, operating cash flows remained negative at Rs 820 Lakhs standalone and Rs 1,072 Lakhs consolidated.
The massive consolidated growth driven by subsidiary contributions masks weakness in the parent company's standalone performance. The persistent negative operating cash flows despite strong profitability could be a concern for investors. The stock may see positive reaction given the consolidated profit surge, but underlying cash generation needs monitoring.