We wish to inform you that the Board of Directors of the Company at its meeting held today has inter alia 1) Approved the Audited Financial Statements (Standalone) for the year ended ....
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Southern Latex Limited reported FY2026 results with total income of Rs. 53.96 lakhs, virtually flat compared to Rs. 53.90 lakhs in FY2025. Revenue from operations was zero — the company generated income entirely from other sources (Rs. 53.96 lakhs). Profit after tax grew 18.8% to Rs. 27.50 lakhs from Rs. 23.15 lakhs, driven by cost reduction (total expenses fell to Rs. 21.38 lakhs from Rs. 26.47 lakhs). EPS improved to Rs. 0.374 from Rs. 0.320. The statutory auditors issued an unmodified opinion on the financial results. Cash flow from operations was negative at Rs. 35.26 lakhs, a deterioration from negative Rs. 22.47 lakhs in the prior year. The company's balance sheet shows negative other equity of Rs. 31.27 lakhs.
The company remains financially weak with zero operating revenue and negative operating cashflow, though PAT growth of ~19% is a modest positive. The negative equity position and consistent negative operating cashflow are red flags for investors.