1. The Audited Standalone Financial Results set out in compliance with Indian Accounting Standards (IND AS) for the Quarter and Year ended March 31, 2026 together with Statement of Assets ....
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Sprayking Ltd reported FY 2025-26 standalone revenue of Rs 3,349.48 Lakhs, down significantly from Rs 6,115.21 Lakhs in FY 2024-25 (about 45% decline). Standalone Profit After Tax fell to Rs 37.69 Lakhs from Rs 220.96 Lakhs in the prior year. However, consolidated results show revenue of Rs 12,911.12 Lakhs (vs Rs 12,776.74 Lakhs) and PAT of Rs 207.99 Lakhs, indicating the subsidiary Narmadesh Brass Industries contributed to group performance. The company manufactures brass forged and turned components. Auditors B.B. Gusani & Associates issued unmodified audit opinions for both standalone and consolidated financials with no qualifications.
The standalone business showed a significant revenue and profit decline, which could concern investors. However, the consolidated results are healthier due to the subsidiary's contribution. The clean audit opinion with no going concern issues is a positive signal for shareholders.