Financial Results Summary

Quarter Ended 31st March, 2026 (Audited):

  • Revenue from operations: ₹0 lacs (compared to ₹787.87 lacs in Q4 FY25)
  • Other Income: ₹0 lacs (compared to ₹9.01 lacs in Q4 FY25)
  • Total Expenses: ₹5.22 lacs (compared to ₹684.78 lacs in Q4 FY25)
  • Loss before tax: ₹(5.22) lacs (compared to profit of ₹112.10 lacs in Q4 FY25)
  • Tax expense: ₹51.18 lacs (Current tax) + ₹0.03 lacs (Deferred tax)
  • Net Loss: ₹(56.43) lacs (compared to net profit of ₹110.10 lacs in Q4 FY25)
  • Basic/Diluted EPS: ₹(0.13) per share (compared to ₹2.44 in Q4 FY25)

Year Ended 31st March, 2026 (Audited):

  • Revenue from operations: ₹1,700.64 lacs (compared to ₹5,634.08 lacs in FY25)
  • Other Income: ₹0.81 lacs (compared to ₹9.02 lacs in FY25)
  • Total Expenses: ₹1,526.55 lacs (compared to ₹5,592.37 lacs in FY25)
  • Profit before tax: ₹174.90 lacs (compared to ₹50.73 lacs in FY25)
  • Tax expense: ₹51.18 lacs (Current tax) + ₹0.03 lacs (Deferred tax)
  • Net Profit: ₹123.69 lacs (compared to ₹48.73 lacs in FY25)
  • Basic/Diluted EPS: ₹0.27 per share (compared to ₹1.08 in FY25)

Balance Sheet Position (as at 31st March, 2026)

Assets:

  • Total Assets: ₹1,134.51 lacs (down from ₹1,937.27 lacs as at 31st March, 2025)
  • Non-current Assets: ₹359.85 lacs (unchanged from previous year)
  • Current Assets: ₹774.66 lacs (down from ₹1,577.42 lacs)
  • Property, Plant and Equipment: ₹129.17 lacs (down from ₹148.76 lacs)
  • Trade Receivables: ₹497.27 lacs (down from ₹563.67 lacs)
  • Cash and Cash equivalents: ₹32.77 lacs (down from ₹35.34 lacs)
  • Inventories: ₹0 lacs (down from ₹874.97 lacs)

Liabilities and Equity:

  • Total Equity: ₹1,000.50 lacs (up from ₹876.75 lacs)
  • Equity Share Capital: ₹450.78 lacs (unchanged)
  • Other Equity: ₹549.72 lacs (up from ₹425.97 lacs)
  • Total Liabilities: ₹134.01 lacs (down from ₹1,060.52 lacs)
  • Non-current Liabilities: ₹2.58 lacs (down from ₹46.28 lacs)
  • Current Liabilities: ₹131.43 lacs (down from ₹1,014.24 lacs)
  • Borrowings: ₹0 lacs in current and non-current (down from ₹689.70 lacs total)

Cash Flow Statement

For Year Ended 31st March, 2026:

  • Net Cash Flow from Operating Activities: ₹1,367.03 lacs (compared to ₹332.85 lacs in FY25)
  • Net Cash Flow from Investing Activities: ₹18.76 lacs (compared to ₹1.60 lacs in FY25)
  • Net Cash Flow from Financing Activities: ₹(707.82) lacs (compared to ₹(302.45) lacs in FY25)
  • Net Increase in Cash and Cash Equivalents: ₹677.97 lacs (compared to ₹32.00 lacs in FY25)
  • Cash and Cash Equivalents at end of period: ₹713.31 lacs (compared to ₹35.34 lacs in FY25)

Auditor's Report and Key Observations

Bakliwal & Co (FRN: 130381W) issued an unmodified opinion on the financial results, stating they give a true and fair view in conformity with applicable accounting standards.

Key Observation: The auditor noted that the company had filed GSTR-1 returns but had not filed corresponding GSTR-3B returns, and the GST liability pertaining to such returns had not been discharged. For the period from February to March, GST returns were not filed within prescribed timelines.

Operational and Business Context

  • The company is engaged in the business of manufacturing ERW Steel Tubes
  • No production activities were carried out during the quarter ending 31.03.2026
  • Revenue generated this quarter came solely from the sale of old stock
  • No investor complaints were received during the quarter
  • The company has only one reportable segment