AuditedFinancial results for the fourht quarter and Financial year ended 31st March 2026
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Tusaldah Ltd (formerly High Street Filatex Ltd) reported a net loss of Rs 61.78 Lakhs for FY26, significantly worsening from a loss of Rs 10.39 Lakhs in FY25. Total income declined to Rs 290.44 Lakhs from Rs 303.17 Lakhs the prior year, while net sales dropped to Rs 302.11 Lakhs from Rs 416.79 Lakhs, representing a ~27.5% revenue decline. The company reported negative operating cash flows of Rs 57.45 Lakhs. The statutory auditor N.D. Kapur & Co. issued an unmodified (clean) opinion on the financial statements. The board also appointed M/s. G M CS & Co as the internal auditor for FY27.
The company is incurring significant losses with declining revenues and negative cash flows, which raises concerns about its financial viability. Shareholders should monitor the company's turnaround plans as losses widened significantly year-on-year.