Audited Results Standalone for the Quarter and financial year 31.03.2026 along with report on the audit of financial results statement of assets & Liabilities, Cash flow for the year ....
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Indoworth Holdings reported a significant decline in financial performance for FY2026. Total revenue fell sharply to Rs. 18.84 Lakhs from Rs. 37.07 Lakhs in the previous year, representing a nearly 50% drop. Profit after tax declined dramatically to Rs. 0.50 Lakhs compared to Rs. 14.11 Lakhs in FY2025, with EPS dropping to Rs. 0.04 from Rs. 1.13. The auditors issued a Qualified Opinion citing three concerns: unlisted equity investments shown at cost without fair value assessment, advances not confirmed with no doubtful debt provision, and non-provision of gratuity under Ind AS-19. Cash and cash equivalents halved from Rs. 411.99 Lakhs to Rs. 210.05 Lakhs, while operating cash flow turned negative at Rs. (201.94) Lakhs versus positive Rs. 220.99 Lakhs in the prior year.
The qualified audit opinion and sharp profit decline signal potential asset quality and accounting concerns. Negative operating cash flow and depleting cash reserves indicate deteriorating financial health, which may concern existing shareholders and lenders.