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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors approved the audited standalone financial results for Q4 and year ended March 31, 2026. Revenue from operations stood at Rs. 3,926.78 Lakhs, virtually flat compared to Rs. 3,931.47 Lakhs in the previous year. However, profit before tax declined significantly to Rs. 75.38 Lakhs from Rs. 196.92 Lakhs in the prior year, a drop of about 62%. EPS fell to Rs. 0.77 from Rs. 2.88. The Board also approved investment up to Rs. 6 crores in Spino Poly Products Private Limited (a sister company) at Rs. 59.02 per share, up to 15% of total shares or Rs. 2 crore. Additionally, the 14th Annual General Meeting has been scheduled for May 30, 2026.
The sharp decline in profitability despite stable revenues is concerning for shareholders. The related party investment requires scrutiny as it involves acquiring shares in a sister company at Rs. 59.02 per share without any mention of dividend payouts or shareholder returns.