Comfort Intech Limited submitted revised Consolidated Audited Financial Statements for the financial year ended March 31, 2026 to correct a clerical error in the Consolidated Statement of Cash Flows. The revision was filed with reference to the company's previous outcome letters dated May 14, 2026 (Ref No: CIL/SEC/2026-27/08 and CIL/SEC/2026-27/09).

Key Rectifications Made

In the Consolidated Statement of Cash Flows for the year ended March 31, 2026:

  • "Adjustments for Net (gain)/loss on Financial instruments at Fair Value through P&L" under Cash Flow from Operating Activities was corrected from ₹(308.39) Lakhs to ₹502.58 Lakhs
  • "Adjustments for Lease rental received" under the same head was corrected from ₹(43.34) Lakhs to ₹(42.81) Lakhs

Impact on Sequential Figures

The corrections resulted in the following changes to subsequent cash flow metrics:

  • Operating Profit Before Working Capital change: Changed from ₹275.13 Lakhs to ₹1,086.63 Lakhs
  • Cash Generated from Operations: Changed from ₹(455.34) Lakhs to ₹356.15 Lakhs
  • Net Cash from Operating Activities: Changed from ₹(555.55) Lakhs to ₹255.94 Lakhs
  • Net Increase/(Decrease) in Cash and Cash Equivalents: Changed from ₹(516.39) Lakhs to ₹295.11 Lakhs

Financial Results Overview

The consolidated financial results for the year ended March 31, 2026 show:

  • Total Income: ₹17,135.63 Lakhs
  • Profit before Tax: ₹351.16 Lakhs
  • Profit after tax for the period (before adjustment for Associate): ₹217.82 Lakhs
  • Share of (Profit)/Loss of Associate: ₹(510.57) Lakhs
  • Profit for the period (after adjustment for Associate): ₹(292.75) Lakhs
  • Total Comprehensive Income: ₹(404.56) Lakhs
  • Basic and Diluted EPS: Not Annualized (shown as 0.00 for quarter)

Segment Performance

The company operates through four segments:

1. Trading in Goods: Revenue ₹917.23 Lakhs, Segment Results ₹543.70 Lakhs

2. Liquor division: Revenue ₹8,033.01 Lakhs, Segment Results ₹401.96 Lakhs

3. Financing: Revenue ₹329.93 Lakhs, Segment Results ₹329.93 Lakhs

4. Leasing of Immovable Properties: Revenue ₹22.81 Lakhs, Segment Results ₹41.56 Lakhs

Auditor's Opinion

A.R. Sodha & Co., Chartered Accountants (FRN 110324W) provided an unmodified opinion, stating that the financial results give a true and fair view in conformity with applicable accounting standards and comply with SEBI Listing Regulations requirements.

Subsidiary and Associate Information

The consolidated results include:

  • Subsidiary: Liquor India Limited (Total assets ₹2,575.56 Lakhs, Revenue ₹1,109.80 Lakhs, Net profit ₹71.02 Lakhs)
  • Associates: Lemonade Share and Securities Private Limited and Comfort Securities Limited (Share of net loss after tax ₹(510.57) Lakhs)

Capital Structure

Paid-up Equity Share Capital remained unchanged at ₹3,199.38 Lakhs (Face Value Re. 1/- each). Reserves excluding Revaluation Reserves stood at ₹14,074.55 Lakhs as of March 31, 2026.

Cash Flow Details

For the year ended March 31, 2026:

  • Net Cash from Operating Activities: ₹255.94 Lakhs
  • Net Cash used in Investing Activities: ₹(29.23) Lakhs
  • Net Cash from Financing Activities: ₹68.40 Lakhs
  • Net Increase in Cash and Cash Equivalents: ₹295.11 Lakhs
  • Closing Cash and Cash Equivalents: ₹311.59 Lakhs

The company noted that the decline in revenue and profitability during FY26 was primarily impacted by adverse global economic conditions, including geopolitical tensions and war-related uncertainties, which led to market volatility and subdued business sentiment.