We are hereby submitting Audited Standalone and Consolidated Financial Results for the Quarter and Year ended 31st March, 2026.
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Superior Industrial Enterprises reported standalone PAT of Rs 108.26 lakh for FY26, up 35.4% from Rs 79.94 lakh in FY25, showing solid profitability growth at the standalone level. However, consolidated results tell a different story: consolidated PAT fell sharply to Rs 176.98 lakh from Rs 812.20 lakh in FY25, a decline of 78.2%, due to poor performance in the quarter (Q4 PAT: Rs 3.50 lakh vs Rs 572.56 lakh in Q4 FY25). Total consolidated income declined to Rs 4,100.69 lakh from Rs 4,433.42 lakh. The auditors issued an unmodified (clean) opinion but included an Emphasis of Matter noting that investments were valued using FY25 audited figures as FY26 figures were unavailable, raising questions about fair value accuracy. Operating cash flow turned negative at Rs 93.07 lakh (vs positive Rs 363.84 lakh in FY25). The company's total assets and equity also declined significantly during the year.
The standalone PAT growth is positive, but the dramatic drop in consolidated earnings and negative operating cash flow are concerning red flags. The reliance on stale valuations for investments and the large negative OCI of Rs 7,735.69 lakh suggest potential underlying asset quality issues that shareholders should monitor closely.