Audited Standalone Financial Results of the Company for the Quarter and year ended March 31,2026.
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Team24 Consumer Products Limited (formerly Kore Foods Limited) reported audited standalone financial results for FY26. Net sales for the year stood at Rs 1.54 crore compared to negligible sales in FY25, representing a dramatic recovery in revenue from operations. The company posted a profit before tax of Rs 31.31 lakh and profit after tax of Rs 30.55 lakh. Cash and cash equivalents remain healthy at Rs 1.20 crore as of March 2026. However, operating cash flow was negative at Rs -12.43 lakh due to increases in trade receivables and other working capital requirements. The auditor V. C. Shah & Co. issued an unqualified opinion, confirming the financials present a true and fair view. The previous year's exceptional profit of Rs 2.82 crore was due to promoter loan waiver under OTS scheme, which is absent in the current year.
The company has significantly revived its revenue operations after a near-dormant FY25, though profitability appears modest on an underlying basis without exceptional items. The negative operating cash flow and accumulated losses (other equity at negative Rs 1.25 crore) may raise concerns about operational sustainability despite strong cash reserves.