Financial result for the fourth quarter and fiancial year ended 31st March 2026
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Wardwizard Foods and Beverages reported a strong turnaround in FY2026, with total income jumping to Rs. 23,998.44 Lakhs from Rs. 9,390.38 Lakhs in the prior year (156% growth), driven by surge in both revenue from operations and other income. The company swung from a net loss of Rs. 1,368.64 Lakhs in FY2025 to a net profit of Rs. 131.07 Lakhs in FY2026. However, the statutory auditor issued a qualified opinion citing concerns over recoverability of advances of Rs. 760 Lakhs and other financial assets of Rs. 108 Lakhs, where no impairment or ECL provisions were recognized. Additionally, the auditor could not independently verify borrowings of Rs. 328.07 Lakhs. The company appointed Devam J. Jayaswal as internal auditor for FY2026-27 and operating cash flow turned negative at Rs. 1,373.63 Lakhs despite profitability, indicating working capital stress.
The company returned to profitability with robust revenue growth, but the qualified audit opinion and inability to verify borrowings raise red flags about asset quality and financial transparency. Negative operating cash flow despite profit confirms significant working capital challenges, which shareholders should monitor closely.