OUTCOME OF 1ST BOARD OF DIRECTORS'' HELD ON 23.05.2026
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The Board of Directors approved the audited financial results for Q4 and FY ended 31st March 2026. Total income grew 24.36% to Rs 9,201.71 Lakhs from Rs 7,402.31 Lakhs in the prior year. Revenue from operations increased 24.38% to Rs 9,185.72 Lakhs. However, profit after tax declined significantly to Rs 5.75 Lakhs (EPS Rs 0.11) from Rs 9.96 Lakhs (EPS Rs 0.19) in the prior year, largely due to higher tax expense of Rs 30.47 Lakhs compared to a tax credit of Rs 2.65 Lakhs previously. The Board also approved renewal of Rs 3 Crore OD facility with City Union Bank, formation of a Gratuity Fund Trust, and a land lease arrangement with a related party (Mrs. DurgaDevi Goel). Auditors issued an un-modified opinion with NIL qualifications.
The company showed strong top-line growth of over 24% but bottom-line declined due to tax charges, resulting in lower EPS. Shareholders should note the increased tax burden and monitor working capital management given the high borrowings.