The Board has approved the Audited standalone and consolidate financial results along with the Audit report thereon in the meeting of board held today. The outcome is enclosed herewith.
Awaiting price reaction for this filing.
Nagarjuna Agri Tech Limited reported audited standalone revenue of Rs 5,160.99 lakhs and PAT of Rs 156.89 lakhs for FY26, compared to a near-zero revenue base in the prior year. The consolidated PAT stood at Rs 134.72 lakhs. The auditor issued an unmodified opinion on both standalone and consolidated financial statements. The company incurred a negative operating cash flow of Rs 726.13 lakhs for the year. An exceptional item of Rs 17.15 lakhs related to land written off was recorded. The Board also approved extensions for three bakery/food acquisitions: Kathleen Confectioners & Kathleen Food Private Limited (up to Rs 15 Cr), Rafflesia Confectionary (up to Rs 3 Cr), and 60% stake in Aarini Gourmet LLP (up to Rs 3.75 Cr). Kathleen Confectioners reported a net loss of Rs 1.23 Cr on turnover of Rs 12.09 Cr in FY24.
Revenue has surged from near-zero levels due to new subsidiary consolidation (Allenby Food & Beverages) and business expansion. However, the company faces negative operating cash flows and significant borrowings relative to equity. Shareholders should monitor the company's ability to turn cash-positive as it integrates multiple acquisitions in the food retail and bakery space.