Key Events and Dates
- Board meeting held on 25th May, 2026 (3:00 PM to 9:00 PM) where financial results were approved
- Initial submission of results through BSE portal on 25th May, 2026
- Resubmission of legible version on 26th May, 2026 due to PDF legibility issues
- Audit reports dated 25th May, 2026
- Financial year ended 31st March, 2026
Financial Results - Standalone (₹ in Lakhs)
Quarterly Performance
| Particulars | Q4 FY26 | Q3 FY26 | Q4 FY25 |
| Revenue from Operations | 15,821.32 | 7,811.48 | 9,056.99 |
| Total Income | 15,963.62 | 8,165.41 | 9,777.12 |
| Total Expenses | 15,922.19 | 8,064.44 | 9,720.63 |
| Profit Before Tax | 41.43 | 100.98 | 56.49 |
| Net Profit | 35.74 | 16.82 | 10.43 |
| EPS (Basic) | 0.13 | 0.06 | 0.04 |
Annual Performance
| Particulars | FY26 | FY25 |
| Revenue from Operations | 41,475.05 | 25,621.33 |
| Total Income | 42,252.75 | 26,387.80 |
| Total Expenses | 42,021.23 | 26,166.62 |
| Profit Before Tax | 231.52 | 221.18 |
| Net Profit | 71.43 | 95.52 |
| EPS (Basic) | 0.26 | 0.34 |
Financial Results - Consolidated (₹ in Lakhs)
Quarterly Performance
| Particulars | Q4 FY26 | Q3 FY26 | Q4 FY25 |
| Revenue from Operations | 65,648.09 | 64,562.62 | 49,022.51 |
| Total Income | 66,553.45 | 66,532.65 | 50,294.96 |
| Total Expenses | 60,060.08 | 55,093.63 | 49,237.66 |
| Profit Before Tax | 6,292.51 | 11,439.01 | 1,057.30 |
| Net Profit | 6,392.55 | 8,951.52 | 836.11 |
| EPS (Basic) | 22.84 | 31.99 | 2.99 |
Annual Performance
| Particulars | FY26 | FY25 |
| Revenue from Operations | 2,23,434.57 | 1,02,899.72 |
| Total Income | 2,28,100.52 | 1,05,369.91 |
| Total Expenses | 2,03,790.75 | 1,00,809.81 |
| Profit Before Tax | 24,108.90 | 4,560.10 |
| Net Profit | 22,269.09 | 4,116.10 |
| EPS (Basic) | 79.57 | 14.71 |
Segment-wise Performance (Consolidated FY26)
- Agro Division: Revenue ₹21,061.05 Lakhs, Profit ₹661.48 Lakhs
- Healthcare Division: Revenue ₹75,593.10 Lakhs, Profit ₹16,666.72 Lakhs
- Infrastructure Division: Revenue ₹3,008.57 Lakhs, Loss ₹2,685.67 Lakhs
- Power Division: Revenue ₹69,490.25 Lakhs, Profit ₹11,571.11 Lakhs
- Distillery Division: Revenue ₹9,720.87 Lakhs, Profit ₹2,145.28 Lakhs
- LPG Division: Revenue ₹16,848.05 Lakhs, Profit ₹3,347.19 Lakhs
- E-10 Division: Revenue ₹10,587.59 Lakhs, Profit ₹2,126.99 Lakhs
- Bottling Division: Revenue ₹16,289.28 Lakhs, Profit ₹6,446.78 Lakhs
Subsidiaries Included in Consolidation
1. CIAN Agro LLC Limited (Wholly owned subsidiary)
2. Manas Power Ventures Private Limited (Wholly owned subsidiary)
3. Ideal Energy Projects Limited (Wholly owned step-down subsidiary)
4. Avenzer Electricals and Infrastructure Private Limited (Wholly owned subsidiary)
5. Manas Agro Industries & Infrastructure Limited (Step-down subsidiary)
6. Varron Aluminiumm Private Limited (Wholly owned subsidiary)
7. Sec One Sales and Marketing Private Limited (Wholly owned subsidiary, acquired 12th August 2025)
8. Vyankatesh Engineers and Contractors Private Limited (Wholly owned subsidiary, acquired 1st November 2025)
Auditor's Report Key Points
Standalone Financials
- Unmodified audit opinion issued by P.G. Joshi & Co. LLP
- Emphasis matters include: impairment assessment of refinery CGU, investments carried at cost, write-back of liabilities, trade receivables/payables confirmation, inventory valuation, revenue recognition policy, expected credit loss provision
- No key audit matters identified
- Internal financial controls adequate but require strengthening
Consolidated Financials
- Unmodified audit opinion with emphasis on similar matters as standalone
- Key audit matter: Acquisition of two subsidiaries (Sec One Sales and Marketing Private Limited and Vyankatesh Engineers and Contractors Private Limited)
- Includes reports from other auditors for subsidiary companies
Statutory Dues Payable as of 31st March, 2026
- TDS: ₹190.99 Lakhs
- Provident Fund: ₹41.76 Lakhs
- ESIC: ₹0.44 Lakhs
- Professional Tax: ₹1.20 Lakhs
- Other statutory dues: ₹1.40 Lakhs
New Labour Codes Impact
- Company assessed impact of New Labour Codes enacted on 21st November, 2025
- No material impact expected on FY26 financial statements
- Implementing required changes effective 1st April, 2026
Capital Structure
- Paid-up equity share capital: ₹2,798.59 Lakhs (Face value ₹10 each)
- No change in share capital during the period
Cash Flow Highlights (Consolidated FY26)
- Net cash from operating activities: ₹37,509.48 Lakhs
- Net cash used in investing activities: ₹8,693.70 Lakhs
- Net cash used in financing activities: ₹28,318.22 Lakhs
- Net increase in cash: ₹497.56 Lakhs
Assets and Liabilities Position (Consolidated as of 31st March, 2026)
- Total Assets: ₹4,24,466.47 Lakhs
- Total Equity: ₹2,22,667.36 Lakhs
- Non-current liabilities: ₹90,166.44 Lakhs
- Current liabilities: ₹1,11,632.67 Lakhs