Announced Fri, 29 May · 20:09 IST

Audited Standalone Financial Results for the Quarter and Year Ended 31st March, 2026

Pat NegativeRevenue Growth 20pctEmphasis Of MatterResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-6.9%1-day move
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AI summary

The company reported massive revenue of Rs 36,553.83 Lacs for FY26, a 1,389% jump from Rs 2,455 Lacs in FY25. However, it swung to a net loss of Rs 549.01 Lacs versus a profit of Rs 278.01 Lacs in the prior year. Auditors issued an unmodified opinion but raised an Emphasis of Matter citing multiple unverifiable items: trade receivables of Rs 21,335.94 Lacs, inventory of Rs 14,352.36 Lacs, and supplier advances of Rs 15,126.13 Lacs could not be confirmed. Missing documentation including E-Waybills, delivery challans, and MSME creditor bifurcation was noted. The company operates without a warehouse, trading directly from vendors to customers. Total assets grew to Rs 51,018.95 Lacs from Rs 26,697.82 Lacs, largely driven by inventory and receivables build-up. Operating cash flow turned positive at Rs 173.53 Lacs from a negative Rs 22,202.88 Lacs in the prior year.

Likely market impact

The extreme revenue growth paired with a pivot to loss and multiple unverifiable balance sheet items raises serious questions about revenue quality and asset realisability. The unmodified audit opinion despite heavy emphasis of matter qualifications signals high audit risk.