Approval of Audited Financial Results for half year and financial year ended March 2026
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Systematic Industries Limited, a steel wire manufacturing company, has released its audited financial results for FY 2025-26. The company reported total income of Rs. 55,251.22 Lakhs for the full year, compared to Rs. 29,883.12 Lakhs for the half year ended September 2025, indicating strong growth momentum. Profit After Tax (PAT) stood at Rs. 15,134.25 Lakhs for FY 2026. The statutory auditors M/s Hardik Vora and Associates have issued an unmodified (clean) opinion on the financial statements. The company also announced appointment of M/s KDA & Associates as Secretarial Auditors for FY 2026-27. A monitoring agency report from Brickwork Ratings confirms that IPO proceeds of Rs. 115.60 Crore (raised in September 2025) have been deployed as per disclosed objects - Rs. 95 Crore for repayment of borrowings, Rs. 8.51 Crore for issue expenses, and Rs. 4.29 Crore for general corporate purposes.
The company delivered robust financial performance with significant revenue and profit growth. Clean audit opinion and proper utilization of IPO funds indicate healthy corporate governance, which should be positive for investor confidence.