Audited Standalone Financial Result for the quarter and year ended 31st March, 2026
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The board approved audited standalone financial results for Q4 and FY26. Revenue from operations jumped sharply to ₹14,273.02 lakhs in FY26 from ₹1,098.93 lakhs in FY25, a roughly 12-fold rise. However, profit before tax fell to ₹87.12 lakhs (from ₹133.18 lakhs) and full-year profit after tax declined to ₹65.20 lakhs from ₹99.58 lakhs; Q4 FY26 standalone slipped into a loss of ₹183.35 lakhs. The balance sheet shows trade receivables ballooning from ₹1,260.35 lakhs to ₹15,194.23 lakhs and trade payables from ₹1,002.91 lakhs to ₹14,746.18 lakhs, against a closing stock of zero. Cash from operations remained negative at ₹(63.17) lakhs. The statutory auditor issued a Disclaimer of Opinion, citing inability to verify the genuineness of trading transactions, absence of supporting documents (E-Way Bills, delivery challans, inward reports), unexplained debtor balances, MSME classification not provided, and loans and advances without agreements or interest recognition.
This is a highly negative filing. The auditor's Disclaimer of Opinion is the most severe audit outcome, signalling that the spike in revenue, receivables and payables could not be independently verified and may not represent genuine business. Shareholders should expect sharp negative sentiment and elevated fundamental/regulatory risk around the stock.