Outcome of the 3rd (2026) Board Meeting held today on 20/05/2026.
SOMICONVEY · price
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Somi Conveyor Beltings Ltd reported audited financial results for FY2026 ending March 31, 2026. Profit After Tax (PAT) declined to Rs 503.06 lakhs from Rs 548.62 lakhs in FY2025, representing an 8.3% decrease. The company maintained a clean audit with an unmodified opinion from statutory auditors Singhvi & Mehta. Debt reduced significantly from Rs 21.42 crores to Rs 13.51 crores, improving the debt-equity ratio from 0.28 to 0.17. Operating cash flow turned positive at Rs 1,800.11 lakhs compared to negative Rs 825.49 lakhs in the prior year. The board appointed B.P. Bang & Co. as new Internal Auditor and Anchal Jain & Co. as Cost Auditor for FY2026-27.
The PAT decline of 8.3% is a concern, though the significant improvement in cash flow and debt reduction provide stability. The company is not classified as a Large Corporate under SEBI norms. Shareholders should note the revenue and profitability trends alongside the strengthened balance sheet.