Financial Performance Highlights
Quarterly Performance (Q4 FY26 vs Q4 FY25)
- Revenue from operations: ₹71.61 million (Q4 FY26) vs ₹71.13 million (Q4 FY25)
- Other income: ₹4.99 million (Q4 FY26) vs ₹0.54 million (Q4 FY25)
- Total revenue: ₹76.60 million (Q4 FY26) vs ₹71.67 million (Q4 FY25)
- Profit before tax: ₹5.47 million (Q4 FY26) vs ₹5.21 million (Q4 FY25)
- Net profit: ₹4.50 million (Q4 FY26) vs ₹4.39 million (Q4 FY25)
- Basic EPS: ₹0.29 (Q4 FY26) vs ₹0.28 (Q4 FY25)
Annual Performance (FY26 vs FY25)
- Revenue from operations: ₹316.26 million (FY26) vs ₹325.71 million (FY25)
- Other income: ₹17.88 million (FY26) vs ₹7.06 million (FY25)
- Total revenue: ₹334.14 million (FY26) vs ₹332.77 million (FY25)
- Total expenses: ₹303.87 million (FY26) vs ₹299.32 million (FY25)
- Profit before tax: ₹30.28 million (FY26) vs ₹33.45 million (FY25)
- Net profit: ₹22.86 million (FY26) vs ₹25.29 million (FY25)
- Basic EPS: ₹1.48 (FY26) vs ₹1.63 (FY25)
- Total comprehensive income: ₹22.75 million (FY26) vs ₹20.96 million (FY25)
Balance Sheet Position (as at 31.03.2026)
- Paid-up equity share capital: ₹30.94 million (unchanged from previous year)
- Reserves and surplus: ₹107.21 million (FY26) vs ₹84.49 million (FY25)
- Total assets: ₹166.90 million (FY26) vs ₹149.31 million (FY25)
- Current assets: ₹150.47 million, including inventories (₹16.43 million), trade receivables (₹119.94 million), cash and cash equivalents (₹3.79 million)
- Total liabilities: ₹166.90 million, including current liabilities (₹28.13 million) and deferred tax liabilities (₹0.61 million)
- Net worth: ₹138.15 million (FY26) vs ₹115.44 million (FY25)
Cash Flow Statement (FY26)
- Cash flow from operating activities: ₹8.02 million (inflow)
- Cash flow from investing activities: ₹5.35 million (outflow)
- Cash flow from financing activities: ₹0.14 million (outflow)
- Net increase in cash and cash equivalents: ₹2.53 million
- Cash and cash equivalents at year-end: ₹3.79 million
Audit Qualifications
The auditors issued a qualified opinion citing three main issues:
1. Employee Benefit Obligations: The company has not carried out actuarial valuation of defined benefit obligations relating to gratuity and leave encashment as required by Ind AS 19. Consequently, employee benefit liabilities, deferred tax assets/liabilities, and corresponding expense items are unstated. Financial impact cannot be determined.
2. Investment in Associate: Investment in Contil Canada Limited is carried at cost of ₹3.67 million (same as previous year). Auditors were unable to determine whether impairment or valuation adjustments are necessary due to lack of relevant documents.
3. Transfer Pricing: The company has entered into material international transactions with associate entities outside India but is still compiling transfer pricing documentation. Auditors cannot confirm whether arm's length adjustments are required.
Management's Response to Qualifications
Management provided the following responses in the Impact of Audit Qualifications statement:
1. Employee Benefits: Stated that the company has less than 10 employees and the impact is not material. Has taken Click 2 retire policy from HDFC.
2. Canada Investment: Explained that this is an ODI investment approved by RBI since 2007, not a fresh investment. All compliances are done regularly and management sees no material impact.
3. Transfer Pricing: Asserted that all transactions are at arm's length price and necessary TP audit compliances will be completed before due dates, with no impact on financial statements.
Additional Information
- The audit committee reviewed and the board of directors approved these results at their meeting held on May 26, 2026
- The company is mainly engaged in Merchant Export Trading business
- No dividend was declared or paid during the year
- The company has disclosed that there are no pending litigations impacting its financial position
- The audit trail feature in accounting software was operational throughout the year but not preserved as per statutory requirements