- Approved and adopted Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2026 under Indian AS (statement) as recommended by the Audit Committee. ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Standard Batteries Ltd reported a massive decline in financial performance for FY2026. Total income dropped to Rs. 10.13 Lakhs from Rs. 135.34 Lakhs in FY2025, a decline of approximately 93%. The company swung from a net profit of Rs. 81.66 Lakhs to a net loss of Rs. 49.60 Lakhs. Cash and cash equivalents declined from Rs. 14.86 Lakhs to Rs. 6.63 Lakhs, while total equity fell from Rs. 145.47 Lakhs to Rs. 95.81 Lakhs. The auditor issued an un-modified (clean) opinion on the financial statements. The Board also approved the re-appointment of Mr. Pradip Bhar (Director retiring by rotation) and appointed R. N. Shah & Associates as scrutinizer for the 79th AGM.
The sharp revenue decline and shift to losses represent significant concerns for shareholders. The clean audit opinion provides some comfort regarding financial statement accuracy, but the company's financial health has deteriorated substantially year-on-year.