Audited Standalone Financial Results of the Company for the quarter and year ended March 31, 2026 along with Independent Auditor's Report Issued by the Statutory auditors M/s V. C. Shah & Co.
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Team24 Consumer Products Limited (formerly Kore Foods Limited) reported audited standalone financial results for the quarter and year ended March 31, 2026. The company achieved net sales of Rs 15,396.85 thousand for FY2026, compared to zero sales in FY2025 when it only had other income of Rs 2,277.45 thousand. Profit After Tax (PAT) stood at Rs 3,054.68 thousand for FY2026 versus Rs 25,430.24 thousand in FY2025 - the prior year figure was inflated by an exceptional item of Rs 28,212 thousand from promoter director loan waiver under OTS scheme. The auditor V. C. Shah & Co. issued an unqualified opinion with no qualifications or emphasis of matter. Cash flow from operations was negative at Rs 12,433 thousand for the year. The company has negative other equity of Rs 1,25,001 thousand against share capital of Rs 2,56,500 thousand, indicating accumulated losses.
The stock may see positive sentiment as the company returned to sales operations after effectively being dormant in FY2025. However, the negative operating cash flow of Rs 12.4 million and accumulated losses (negative reserves of Rs 125 million) are concerning. The clean auditor opinion provides some comfort to investors.