Standalone and consolidated audited financial results for the quarter and year ended 31.03.2026 alongwith audit report.
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Steel Strips Infrastructures Ltd reported audited results for FY26 ending March 31, 2026. Standalone revenue from operations stood at Rs. 136.03 lakhs (down from Rs. 143.07 lakhs in FY25), with a net loss of Rs. 86.43 lakhs compared to a loss of Rs. 10.39 lakhs in the previous year. Consolidated results showed a significantly larger net loss of Rs. 1,684.63 lakhs, which includes losses from associate Malwa Camtex Udyog Limited. Total equity turned negative at Rs. 1,042.47 lakhs in standalone and Rs. 5,833.37 lakhs in consolidated. Operating cash flow remained marginally negative at Rs. 9.49 lakhs. The Board also approved appointment of M/s Gupta Abhinav & Associates as internal auditors for FY27.
The company continues to incur significant losses with deteriorating financial health. Negative equity and cash burn are concerning for shareholders. However, the auditor has issued an unmodified opinion with no qualifications, providing some comfort on reporting quality.