United Polyfab Gujarat Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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United Polyfab Gujarat Limited reported audited standalone and consolidated financial results for FY2026. Revenue from operations grew to ₹68,203.48 lakhs from ₹60,221.77 lakhs in FY2025, representing a 13.25% increase. Profit after tax (PAT) surged to ₹2,428.98 lakhs from ₹1,769.80 lakhs, marking a 37.25% growth year-on-year. The auditors issued an unmodified (clean) opinion on the financial statements. However, the audit report included an emphasis of matter noting that the Income Tax Department conducted a search under Section 132 on December 9, 2026, and seized cash of ₹7.47 lakhs, with no communication received yet. The auditors also flagged non-maintenance of audit trail feature in the accounting software and partial non-compliance with certain new labour codes applicable from November 2025.
The strong PAT growth of 37.25% exceeding the 25% threshold and marginal EBITDA margin expansion are positive signals. However, the Income Tax search and labour code non-compliance flagged by auditors, though not qualifying the opinion, may raise investor concerns about regulatory and compliance risks.