Out Come of the Board Meeting and Submission of the Audited Standalone Financial Result for the Half year and year ended march 2026
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Siyaram Recycling Industries reported a significant deterioration in financial performance for FY2026. Revenue from operations fell by 29.3% to ₹36,169.10 Lakhs from ₹51,155.84 Lakhs in FY2025. Profit after tax declined sharply by 74% to ₹379.20 Lakhs from ₹1,457.39 Lakhs, with basic EPS dropping to ₹1.74 from ₹6.69. The company also saw a substantial increase in borrowings—long-term borrowings more than doubled to ₹1,554.57 Lakhs and short-term borrowings rose to ₹9,868.36 Lakhs. Finance costs increased to ₹1,062.68 Lakhs. The auditor (Kamlesh Rathod & Associates) issued an unmodified opinion. The company appointed M/s. Prafulla & Associates as internal auditor and M/s. Ankit Kushal & Associates as cost auditor for FY2026-27.
The sharp revenue and profit decline combined with rising debt levels and negative operating cash flow of ₹(2,828.66) Lakhs signal significant financial stress. Shareholders should monitor liquidity risk as the company relies heavily on short-term borrowings to fund operations.