Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, meeting of the Board of Directors held on Thursday, ....
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Awaiting price reaction for this filing.
Shreenath Investment Company reported audited financial results for FY2026. Revenue from operations declined significantly to Rs 143.30 lakhs from Rs 278.10 lakhs in the previous year, a drop of about 48%. Profit after tax fell to Rs 163.33 lakhs from Rs 225.54 lakhs, down roughly 28%. The company had negative operating cash flows of Rs 216.67 lakhs. Short-term borrowings increased sharply to Rs 3,950 lakhs from zero previously. Cash and cash equivalents dropped from Rs 58.30 lakhs to Rs 8.49 lakhs. Total comprehensive income declined to Rs 755.45 lakhs from Rs 3,500.49 lakhs due to lower fair value gains on investments. The statutory auditor issued an unmodified (clean) opinion on the financial results.
The stock may face pressure due to significant revenue decline, lower profitability, and negative operating cash flows. However, the clean audit opinion provides some comfort. The sharp increase in borrowings and declining cash reserves warrant monitoring.