Please find enclosed the Audited Standalone and Consolidated Financial results for the quarter and year ended March 31, 2026
WINDMACHIN · price
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Windsor Machines reported standalone revenue of Rs. 18,067 lakhs for Q4 and Rs. 56,652 lakhs for FY26, a 55% increase over prior year (restated Rs. 36,558 lakhs) largely due to the Global CNC amalgamation (effective Feb 2025) and new Unitech subsidiary (acquired Feb 2026). PAT turned positive at Rs. 207 lakhs versus a loss of Rs. 2,058 lakhs in FY25, though Q4 PAT was modest at Rs. 215 lakhs. The auditor issued an unmodified opinion with an Emphasis of Matter on three items: the Global CNC amalgamation with restated comparatives, Wintal Italy voluntary liquidation (already provided for), and plant relocation costs of Rs. 1,162 lakhs booked as exceptional item in Q1. The company shifted both manufacturing plants to Chibhda, Rajkot and has four plants classified as held for sale (Rs. 25,853 lakhs). Net cash used in operations was negative Rs. 5,909 lakhs for FY26, indicating working capital pressure.
Revenue surged 55% due to acquisitions but PAT is thin at Rs. 207 lakhs on a much larger base. Negative operating cash flow of Rs. 5,909 lakhs and increased borrowings (total Rs. 7,955 lakhs) raise concerns. The restated financials and multiple exceptional items complicate performance assessment. Existing shareholders face dilution from warrant conversions and share swaps.