Audited Standalone Financial Results for the Quarter and Year Ended 31st March, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company reported a net profit of Rs. 655.22 Lakhs for FY26 compared to a net loss of Rs. 677.96 Lakhs in FY25, a dramatic turnaround. However, this profit is largely inflated by an exceptional item of Rs. 1,610.25 Lakhs representing write-back of credits/debit balances payable to Group Companies. Revenue from operations grew modestly from Rs. 771.93 Lakhs to Rs. 824.72 Lakhs (up 6.8% YoY). The auditors issued an Emphasis of Matter noting material uncertainty related to Going Concern, as accumulated losses stand at Rs. 832.62 Lakhs with complete erosion of net worth, and current liabilities exceed current assets by Rs. 179.08 Lakhs. The company has signed a Business Transfer Agreement to sell its business as a going concern to Canolli Manufacturing Private Limited for Rs. 425 Lakhs, and a Share Purchase Agreement for change in control involving acquisition of 37.63% stake by new promoters.
The company shows a profit turnaround on paper due to exceptional write-backs, but its fundamental financial health remains severely weak with eroded net worth and liquidity concerns. The going concern warning from auditors is a major red flag for investors, though the pending business transfer and change in control may provide a path to revival.