Outcome of Board Meeting held on May 04, 2026
SOUTHWEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited standalone and consolidated financial results for FY26 ending March 31, 2026. Standalone revenue grew 35% to ₹24,293 Lakhs from ₹17,919 Lakhs, while net profit doubled to ₹3,080 Lakhs from ₹1,483 Lakhs. Consolidated net profit stood at ₹3,303 Lakhs. EPS (basic) improved significantly from ₹5.27 to ₹10.33 on standalone basis. The auditor issued unmodified (clean) opinion on all results. Additionally, Mr. Anmol (Chartered Accountant) was appointed as internal auditor for FY27. However, one subsidiary (South West Resources Pvt Ltd) has going concern issues with eroded net worth, though the holding company has provided financial support.
Strong financial performance with doubled profits is positive for shareholders. However, cash reserves dropped sharply from ₹1,825 Lakhs to ₹89 Lakhs due to heavy capital expenditure of ₹4,254 Lakhs, which investors should monitor. The clean audit opinion adds credibility to the numbers.