Submission of amended/corrected Audited Financial Result along with the Audit Report issued by the auditors for the quarter and year ended March 31, 2026 after correction of typographical ....
Awaiting price reaction for this filing.
Birla Cotsyn has re-submitted its audited financial results for the quarter and year ended March 31, 2026, correcting a typographical error in the paid-up share capital figure. The share capital was wrongly stated as Rs 143.40 lakhs instead of the correct Rs 2,643.40 lakhs. This error had inflated the loss per share — Basic and Diluted EPS from continuing and discontinued operations changed from Rs (1.37) to Rs (0.07) for Q4 FY26, and from Rs (13.36) to Rs (0.72) for the full year. The company clarifies the error was unintentional and does not affect actual profits or the financial results. For FY26, the company reported a loss of Rs 1,916.15 lakhs (vs Rs 21,477.19 lakhs loss in FY25, which included large exceptional items). Revenue from operations stood at Rs 2,988.16 lakhs. Total equity fell sharply to Rs 1,651.03 lakhs from Rs 3,567.17 lakhs, and operating cash flow remained negative at Rs (1,408.47) lakhs. The auditor issued an unmodified opinion on the results.
The correction is cosmetic for investors — EPS figures look better but underlying losses persist. The company is still loss-making with negative operating cash flow and weakening equity, which remains a concern for shareholders despite the lower headline loss per share.