India Radiators Limited held a Board of Directors meeting on 25th May, 2026, which commenced at 03:12 PM and concluded at 03:40 PM. The Board approved the audited financial results for the quarter and financial year ended 31st March, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance Highlights
Quarter Ended 31st March, 2026 (Audited):
- Total Income: ₹1.66 lakh
- Income from Operations: ₹1.58 lakh
- Other Income: ₹0.08 lakh
- Total Expenses: ₹31.02 lakh
- Employee Benefit Expense: Not quantified (shown as 'E' in data)
- Finance Costs: ₹21.65 lakh
- Depreciation and Amortization: ₹0.00 lakh
- Other Expenses: ₹9.37 lakh
- Loss from Operations before Exceptional Items: ₹(29.36) lakh
- Tax Expense - Deferred Tax (Net): ₹(5.42) lakh
- Net Loss for the Quarter: ₹(23.94) lakh
- Earnings Per Share (Basic & Diluted): ₹(2.66)
Financial Year Ended 31st March, 2026 (Audited):
- Total Income: ₹6.59 lakh
- Income from Operations: ₹6.32 lakh
- Other Income: ₹0.27 lakh
- Total Expenses: ₹175.58 lakh
- Employee Benefit Expense: Not quantified (shown as '3' in data)
- Finance Costs: ₹85.57 lakh
- Depreciation and Amortization: ₹0.00 lakh
- Other Expenses: ₹90.01 lakh
- Loss from Operations before Exceptional Items: ₹(168.99) lakh
- Tax Expense - Deferred Tax (Net): ₹(21.41) lakh
- Net Loss for the Year: ₹(147.58) lakh
- Earnings Per Share (Basic & Diluted): ₹(16.40)
Comparative Performance
Year-over-Year Comparison (FY26 vs FY25):
- Net Loss widened from ₹(84.92) lakh in FY25 to ₹(147.58) lakh in FY26
- Finance Costs increased from ₹79.90 lakh to ₹85.57 lakh
- Other Expenses surged from ₹31.56 lakh to ₹90.01 lakh
- Total Income remained nearly flat (₹6.57 lakh vs ₹6.59 lakh)
Balance Sheet Position as at 31st March, 2026
- Total Assets: ₹1,817.76 lakh
- Equity Share Capital: ₹90.00 lakh
- Other Equity: ₹(274.60) lakh (negative)
- Non-Current Liabilities: ₹1,290.67 lakh (Borrowings)
- Current Liabilities: ₹1,813.64 lakh
- Cash and Cash Equivalents: ₹3.84 lakh
Cash Flow Statement for FY26
- Net Cash from Operating Activities: ₹1.04 lakh
- Cash & Cash Equivalents (Opening Balance): ₹2.80 lakh
- Cash & Cash Equivalents (Closing Balance): ₹3.84 lakh
Audit and Compliance
M/s. DPV & Associates, Chartered Accountants (FRN: 011688S), issued an unmodified opinion on the audited financial results. The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013.
The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The figures have been rounded off to Rupees in Lakhs.