Financial Performance Highlights
Year Ended 31st March 2026 (Audited):
- Total Income: ₹27.29 crore
- Total Expenses: ₹20.66 crore
- Profit before Exceptional Items: ₹66.43 crore
- Exceptional Items: None
- Profit before tax: ₹66.43 crore
- Tax expense: ₹3.00 crore
- Net Profit for the period: ₹66.43 crore (453% increase from previous year's ₹12.03 crore)
- Other Comprehensive Income: ₹1.08 crore
- Total Comprehensive Income: ₹66.43 crore
- Basic EPS: ₹0.48
- Diluted EPS: ₹0.48
Quarter Ended 31st March 2026 (Audited):
- Net Profit: ₹3.30 crore
- Basic EPS: ₹0.77
- Diluted EPS: ₹0.77
Balance Sheet Position as at 31st March 2026
Assets:
- Total Assets: ₹1,987 lakhs (previous year: ₹1,880 lakhs)
- Non-Current Assets: ₹1,336 lakhs (Property, Plant & Equipment: ₹5 lakhs; Investments: ₹3 lakhs; Loans: ₹1,328 lakhs)
- Current Assets: ₹651 lakhs (Trade Receivables: ₹33 lakhs; Cash & cash equivalents: ₹6 lakhs; Loans: ₹503 lakhs; Recoverables: ₹9 lakhs; Current Tax Assets: ₹54 lakhs; Other Current Assets: ₹46 lakhs)
Equity and Liabilities:
- Equity Share Capital: ₹1,440 lakhs (unchanged)
- Other Equity: ₹449 lakhs (previous year: ₹343 lakhs)
- Shareholders' Funds: ₹1,889 lakhs
- Non-Current Liabilities: Borrowings ₹21 lakhs
- Current Liabilities: ₹98 lakhs (Financial Liabilities: ₹7 lakhs; Other Financial Liabilities: ₹70 lakhs; Other current liabilities: ₹6 lakhs)
Cash Flow Statement
- Cash Generated from Operations: ₹16.02 lakhs
- Cash Flow from Investing Activities: Net cash used ₹1.21 lakhs (Loans granted net: ₹122 lakhs; Interest received on loans: ₹121 lakhs)
- Cash Flow from Financing Activities: Finance cost ₹0.93 lakhs
- Net increase in Cash & Cash Equivalents: ₹1.00 lakh
- Cash & Cash Equivalents at year end: ₹6.00 lakhs
Key Notes and Disclosures
1. The company has no manufacturing operations following the sale of its assets under slump sale at Mandi Gobindgarh (Punjab). Financial statements prepared on going concern basis considering management's future plans to start commercial activity. Company currently earns commission income from certain activities.
2. Financial results were reviewed by Audit Committee and approved by Board of Directors on 22nd May 2026.
3. Statutory auditors APT & Co LLP issued unmodified audit report on the financial results.
4. Quarter ended figures are balancing figures between audited full year figures and published unaudited year-to-date figures up to third quarter.
5. Deferred tax asset on carry forward losses and unabsorbed depreciation not recognized due to absence of virtual certainty about future taxable income.
6. Previous period figures have been reclassified/rearranged/regrouped where necessary.
Signatories and Approvals
- Company Secretary & Compliance Officer: Ananya Modi
- Managing Director: Krishan Kumar Goyal (DIN: 00482035)
- Auditors: APT & Co LLP, signed by CA Amrit Pal Singh (Partner, M No.: 508134)
Additional Information
The financial results and auditor's report are available on the company's website at www.modernsteels.com.