Pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we hereby inform ....
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The Board approved the audited standalone financial results for FY2026 (year ended March 31, 2026). Revenue from operations declined to Rs 26,938.50 lakhs from Rs 32,569.10 lakhs in FY2025, representing an approximately 17% drop. However, profit after tax (PAT) grew to Rs 1,252.66 lakhs from Rs 1,062.45 lakhs in the prior year, an 18% increase. EPS declined from Rs 14.17 to Rs 7.94 due to increased share capital following the company's IPO in February 2026. The company listed on BSE's SME platform in February 2026, raising Rs 88.87 crore through issuance of 80.79 lakh shares. A significant concern is the negative operating cash flow of Rs 5,313.42 lakhs versus positive Rs 177.03 lakhs in FY2025, driven by a sharp rise in inventories and other working capital needs. The Board also appointed new Secretarial Auditors (M/s. H. M. Kadeval & Associates) and Internal Auditors (M/s. Kabra & Maliwal). The statutory auditor issued an unmodified (clean) opinion.
While the company achieved PAT growth, the significant revenue decline and negative operating cash flow raise concerns about working capital management. The IPO infusion has strengthened the balance sheet, but investors should monitor the company's ability to convert profits into cash and reverse the revenue decline trend.