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Valley Magnesite Company reported audited financial results for the quarter and year ended March 2026. Total income for FY2026 was Rs 46.86 lakhs, down from Rs 62.86 lakhs in FY2025, representing a decline of approximately 25%. Net profit for the year stood at Rs 16.18 lakhs compared to Rs 39.25 lakhs in the previous year, a decline of about 59%. The Q4 quarter showed a significant loss of Rs 88.68 lakhs. Basic and diluted EPS declined from Rs 3.74 to Rs 1.54. The company declared no dividend. Statutory auditors A.K. Meharia & Associates issued an unmodified (clean) opinion on the financial statements. Revenue from operations appears blank in the filing, with only other income reported.
The significant decline in annual profit and negative Q4 performance may concern shareholders. However, the clean audit opinion provides some comfort regarding financial statement reliability. The company remains financially stable with total equity of Rs 932.92 lakhs.