THE BOARD OF DIRECTORS OF THE COMPANY HAS AT ITS MEETING HELD TODAY CONSIDERED AND APPROVED STANDALONE AUDITED FINANCIAL RESULTS OF THE COMPANY FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026.
Awaiting price reaction for this filing.
Ashoka Refineries Limited reported standalone audited financial results for the quarter and year ended March 31, 2026. The company posted a net loss of Rs. 15.50 lakhs for FY2026, marginally improving from a loss of Rs. 16.68 lakhs in the previous year. Total income stood at Rs. 279 lakhs, unchanged from the prior year. Operating cash flow turned negative at Rs. (17.18) lakhs compared to positive Rs. 25.72 lakhs in FY2025. Cash and cash equivalents declined significantly from Rs. 29.59 lakhs to Rs. 12.39 lakhs. Total comprehensive income for the year was Rs. (13.18) lakhs. Statutory auditors M/s Batra Deepak & Associates issued an unmodified opinion on the financial results.
The company continues to incur losses with a significant deterioration in cash position, raising concerns about liquidity. However, the clean audit opinion provides some comfort that there are no going concern qualifications or emphasis of matter paragraphs at this stage.