Submission of Audited Financial results of (ALSTONE TEXTILES (INDIA) LIMITED) for the quarter and financial year ended on March 31st 2026 along with Audited report thereon.
Awaiting price reaction for this filing.
Alstone Textiles reported total income of ₹1,058.67 lakhs for FY26, up 143% from ₹436.00 lakhs in FY25, though PAT declined 7.2% to ₹288.25 lakhs from ₹310.61 lakhs. The Q4 FY26 result shows a net loss of ₹300.40 lakhs. The company's balance sheet shows total assets of ₹2,08,135.83 lakhs with borrowings of ₹1,42,200 lakhs and loans/advances of ₹1,69,500 lakhs. The statutory auditor VRSK & Associates issued a qualified opinion citing non-provision of interest on ₹1,69,500 lakhs of loans pending equity conversion, and stated the financial statements may not give a true and fair view. The auditor also noted non-compliance with Ind-AS and flagged that the company did not maintain accounting software with audit trail features. Operating cash flow was negative at ₹563.83 lakhs for the year.
The qualified audit opinion and non-compliance with Ind-AS indicate material accounting concerns that shareholders should monitor closely. The company appears to function primarily as a financial intermediary with heavy inter-corporate lending; PAT decline despite revenue growth and negative operating cash flow are red flags.