Audited Standalone and consolidated financial result for the quarter and year ended March 31, 2026
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Shrydus Industries Ltd reported dramatic improvements in FY2026. Standalone revenue surged to Rs. 451.25 lakhs from Rs. 20 lakhs in the previous year, while consolidated revenue jumped to Rs. 3,980.66 lakhs from Rs. 20 lakhs. The company turned profitable with standalone PAT of Rs. 73.41 lakhs (vs loss of Rs. 5.20 lakhs) and consolidated PAT of Rs. 826.50 lakhs (vs loss of Rs. 5.20 lakhs). However, the auditors raised concerns about the subsidiary Roopyaa General Trading Co. L.L.C. whose license has been cancelled and for which they could not obtain audited financial statements. The statutory auditors issued an unmodified opinion on the financial results.
The company shows exceptional revenue and profit growth year-on-year, but the cancelled license of the UAE subsidiary raises questions about the reliability of consolidated figures and future operations. The stock may see mixed reaction due to the subsidiary uncertainty despite strong standalone performance.