South West Pinnacle Exploration Limited has informed the Exchange regarding Outcome of Board Meeting held on May 04, 2026.
SOUTHWEST · price
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The board approved audited financial results for FY2026 ending March 31, 2026. Standalone revenue grew 35% to ₹24,292.95 Lakhs while net profit doubled to ₹3,080.05 Lakhs. Consolidated net profit reached ₹3,302.71 Lakhs, up 101% from ₹1,642.59 Lakhs in the prior year. EPS improved significantly to ₹11.07 (consolidated) from ₹5.84. Total assets increased to ₹33,211.73 Lakhs. However, cash position deteriorated sharply from ₹1,824.50 Lakhs to ₹88.81 Lakhs due to heavy capex of ₹4,254.36 Lakhs. The board also appointed Mr. Anmol (Chartered Accountant) as internal auditor for FY2026-27. Note: The auditor flagged a going concern warning for subsidiary South West Resources Pvt Ltd due to accumulated losses of ₹314.88 Lakhs.
Strong profit growth demonstrates operational strength, but the sharp decline in cash reserves and going concern warning for a subsidiary warrant caution. Shareholders should monitor the company's liquidity and the holding company's support commitment to the loss-making subsidiary.