Key Financial Results

Quarterly Performance (₹ in lakhs):

  • Q4 FY26 (Audited): Revenue from operations ₹5,697.56, Total Income ₹5,924.24, Profit Before Tax ₹612.94, Profit After Tax ₹587.98, EPS ₹16.17
  • Q3 FY25 (Unaudited): Revenue from operations ₹5,786.32, Total Income ₹5,822.27, Profit Before Tax ₹394.95, Profit After Tax (₹11.90), EPS (₹0.33)
  • Q4 FY25 (Audited): Revenue from operations ₹5,895.41, Total Income ₹5,933.50, Profit Before Tax ₹264.17, Profit After Tax ₹222.65, EPS ₹6.12

Annual Performance (₹ in lakhs):

  • FY26 (Audited): Revenue from operations ₹23,464.47, Total Income ₹23,822.29, Profit Before Tax ₹1,437.14, Profit After Tax ₹931.74, EPS ₹25.60
  • FY25 (Audited): Revenue from operations ₹23,664.33, Total Income ₹23,915.44, Profit Before Tax ₹1,160.41, Profit After Tax ₹831.48, EPS ₹22.86

Balance Sheet Highlights (as of March 31, 2026):

  • Total Assets: ₹25,148.24 lakhs (₹23,027.36 lakhs in FY25)
  • Total Equity: ₹9,554.38 lakhs (₹8,968.71 lakhs in FY25)
  • Non-Current Liabilities: ₹4,381.54 lakhs (₹2,001.86 lakhs in FY25)
  • Current Liabilities: ₹11,212.33 lakhs (₹12,056.79 lakhs in FY25)
  • Paid-up Equity Share Capital: ₹363.90 lakhs (unchanged from FY25)

Cash Flow Statement (FY26):

  • Net Cash from Operating Activities: ₹745.68 lakhs
  • Net Cash from Investing Activities: (₹3,315.94) lakhs
  • Net Cash from Financing Activities: ₹2,494.13 lakhs
  • Net Decrease in Cash: (₹76.13) lakhs

Dividend Recommendation

The Board of Directors has recommended a final dividend of ₹4.00 per equity share (40% on face value of ₹10 per share) for FY26, subject to approval by shareholders at the ensuing Annual General Meeting.

Auditor Appointments

Internal Auditors:

  • Reappointed M/s Nabha Finops Services LLP as Internal Auditors for FY26-27

Cost Auditors:

  • Reappointed M/s R C K & Co., Cost Accountants (Firm Registration No. 002587) as Cost Auditors for FY26-27
  • Remuneration payable to Cost Auditor subject to ratification by shareholders at ensuing AGM

Audit Qualifications and Disclaimer of Opinion

The statutory auditors, Sanat Chitale, issued a disclaimer of opinion on the financial results for the third consecutive year due to several unresolved issues:

1. Inventory Valuation: Company still refining stock valuation methodology; impact on inventories and cost of materials unascertainable

2. Balance Confirmations: Trade receivables, trade payables, stock with vendors, and bank balances subject to confirmations and reconciliations; insufficient audit evidence obtained

3. Fixed Assets and GST: Property, plant and equipment and GST input tax credit balances subject to reconciliations and adjustments; insufficient audit evidence obtained

4. Internal Financial Controls: Company updating documentation for internal financial controls; unable to determine adequacy and effectiveness of controls

Management assessment states no impact from the qualifications, but auditors were unable to obtain sufficient appropriate audit evidence to provide an audit opinion.

Board Meeting Details

The Board Meeting commenced at 2:00 p.m. IST and concluded at 3:40 p.m. IST on May 25, 2026.