We wish to inform that the Board of Directors of the Company at its meeting held today has inter alia 1) Approved the Audited financial Statements for the Tear ended 31st March ,2026 ....
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Southern Latex Limited reported FY2026 profit after tax of Rs. 27.50 Lakhs, up 18.8% from Rs. 23.15 Lakhs in FY2025. However, Revenue from Operations is effectively zero, with total income of Rs. 53.96 Lakhs derived entirely from other income (interest/financial assets). Operating cash flow was deeply negative at Rs. -35.26 Lakhs, a deterioration from Rs. -22.47 Lakhs in the prior year. The company holds Rs. 647.04 Lakhs in loans and deposits, which generates the interest income that sustains results. Accumulated losses stand at Rs. 31.27 Lakhs (reduced from Rs. 58.77 Lakhs). The statutory auditor issued an unmodified opinion with no qualifications.
The profit growth is marginal and entirely dependent on financial asset income rather than core operations, which raises concerns about business sustainability. The deeply negative operating cash flow and accumulated losses flag potential financial stress despite the clean audit opinion.