Financial Results (Quarterly Comparison)

Revenue and Income (₹ in lakhs)

  • Revenue From Operations: Q4 FY26: 1640.33; Q3 FY25: 1616.10; Q4 FY25: 1521.22
  • Other Income: Q4 FY26: 1.11; Q3 FY25: 0.00; Q4 FY25: 17.01
  • Total Income (Net): Q4 FY26: 1641.44; Q3 FY25: 1616.10; Q4 FY25: 1538.22

Expenses Breakdown (₹ in lakhs)

  • Purchases of Stock-in-trade: Q4 FY26: 1065.22; Q3 FY25: 2486.60; Q4 FY25: 1708.53
  • Changes in inventories: Q4 FY26: 488.21; Q3 FY25: (954.55); Q4 FY25: (185.00)
  • Other Expenses: Q4 FY26: 5.39; Q3 FY25: 2.35; Q4 FY25: 5.88
  • Total Expenses: Q4 FY26: 1559.60; Q3 FY25: 1535.48; Q4 FY25: 1531.17

Profitability Metrics

  • Profit Before Tax: Q4 FY26: 81.83; Q3 FY25: 80.62; Q4 FY25: 7.05
  • Tax Expenses: Q4 FY26: (6.06); Q3 FY25: 46.94; Q4 FY25: (48.39)
  • Net Profit for Period: Q4 FY26: 87.89; Q3 FY25: 33.67; Q4 FY25: 55.44

Financial Results (Annual Comparison)

Full Year Performance (₹ in lakhs)

  • Revenue From Operations: FY26: 5787.87; FY25: 2260.09
  • Total Income (Net): FY26: 5800.21; FY25: 2377.42
  • Total Expenses: FY26: 5480.85; FY25: 2145.57
  • Net Profit for Year: FY26: 270.32; FY25: 223.13

Capital Structure

  • Paid-up Equity Share Capital: ₹1601.50 lakhs (unchanged from previous periods)
  • Face Value per Share: ₹1.00
  • Reserves (excluding revaluation): FY26: 369.56; FY25: 137.77

Earnings Per Share (₹)

  • Basic EPS (Continuing operations): Q4 FY26: 0.05; FY26: 0.17; FY25: 0.14
  • Diluted EPS (Continuing operations): Q4 FY26: 0.05; FY26: 0.17; FY25: 0.14

Cash Flow Statement Analysis (₹ in lakhs)

FY26 Cash Flows

  • Net Cash from Operating Activities: (913.41)
  • Net Cash from Investing Activities: 916.89
  • Net Cash from Financing Activities: 0.00
  • Net Increase in Cash: 3.49
  • Closing Cash Balance: 7.37

FY25 Cash Flows

  • Net Cash from Operating Activities: (739.77)
  • Net Cash from Investing Activities: 735.39
  • Net Cash from Financing Activities: 5.93
  • Net Increase in Cash: 1.55
  • Closing Cash Balance: 3.88

Balance Sheet Highlights (₹ in lakhs)

Assets

  • Total Assets: FY26: 2141.19; FY25: 1997.32
  • Non-current Assets: FY26: 908.22; FY25: 895.59
  • Current Assets: FY26: 1132.97; FY25: 1101.72
  • Cash & Cash Equivalents: FY26: 7.37; FY25: 3.88
  • Trade Receivables: FY26: 1113.32; FY25: 550.35
  • Inventories: FY26: 350.97; FY25: 350.97

Liabilities and Equity

  • Total Equity: FY26: 2009.39; FY25: 1739.07
  • Non-current Liabilities: FY26: 6.00; FY25: 6.00
  • Current Liabilities: FY26: 125.80; FY25: 252.25
  • Trade Payables: FY26: 58.77; FY25: 241.96

Auditor's Report Key Findings

Unmodified Opinion with Emphasis of Matters

Statutory Auditor S K Bhavsar & Co. (ICAI Firm Registration No.: 145880W) issued unmodified opinion but highlighted:

1. Lack of Balance Confirmations: Management did not furnish balance confirmation letters, reconciliation statements, and age-wise analysis for certain Trade Receivable and Trade Payable balances as at 31st March, 2026. Impact of any required adjustments is not ascertainable.

2. Inventory Valuation Documentation: Satisfactory supporting documents for completeness of inventory valuation as on 31st March 2026 were not provided.

3. Absence of Internal Auditor: Company did not appoint Internal Auditor for entire FY 2025-26, constituting non-compliance with Section 138 of Companies Act, 2013 read with Rule 13 of Companies (Accounts) Rules, 2014.

4. MSME Classification Missing: Bifurcation between Micro, Small and Medium Enterprise (MSME) creditors not provided, affecting compliance with MSMED Act, 2006.

Audit Basis

Audit conducted in accordance with Standards on Auditing (SAs) specified under section 143(10) of Companies Act, 2013.