We hereby inform that the Board of Directors of the Company at its meeting held today (commenced at 12:30 p.m. and concluded at 01:50 p.m.), inter alia, approved: (1) Audited Financial ....
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Sumedha Fiscal Services reported a sharp decline in profitability for FY26 despite marginal revenue growth. Standalone revenue grew 7.7% to Rs. 10,943 Lakhs, but net profit plummeted 64% to Rs. 238 Lakhs from Rs. 659 Lakhs in FY25. The company's profit before tax fell to Rs. 310 Lakhs from Rs. 849 Lakhs, while EPS dropped to Rs. 2.98 from Rs. 8.25. Operating cash flow turned negative at Rs. 283 Lakhs compared to positive Rs. 250 Lakhs in the prior year. The Board recommended a dividend of Re. 1 per share (unchanged from previous year), subject to shareholder approval at the August 20, 2026 AGM. Auditors gave an unmodified (clean) opinion on both standalone and consolidated financial statements.
The significant 64% decline in net profit and negative operating cash flow are concerning signals for shareholders. The company faces margin compression and cash flow challenges despite modest revenue growth, indicating operational difficulties in its investment banking business.