Alps Industries Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹2,599.61 lakh. This marks a significant recovery from the net loss of ₹6,399.04 lakh recorded in the previous year ended March 31, 2025. The turnaround was driven by exceptional items amounting to ₹7,737.15 lakh, recognized following the implementation of a resolution plan approved by the National Company Law Tribunal (NCLT).

The Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, at a meeting held on May 30, 2026. The company reported that the exceptional gain represents the difference between the carrying amount of financial liabilities extinguished and the consideration paid, in accordance with Ind AS 109. Consequently, the profit before tax for the year stood at ₹2,599.61 lakh, compared to a loss before tax of ₹6,399.04 lakh in the prior year.

Financial Performance

The company's total comprehensive income for FY26 was ₹2,678.11 lakh, a reversal from the negative comprehensive income of ₹6,399.04 lakh in FY25. Revenue from operations was nil for the year, while other income stood at ₹16.48 lakh. Total expenses for the period decreased to ₹5,154.02 lakh from ₹6,459.89 lakh in the previous year, aided by a reduction in finance costs to ₹4,873.88 lakh from ₹6,337.10 lakh.

Operational and Strategic Updates

Pursuant to the NCLT-approved resolution plan, the company reorganized its equity share capital through reduction and consolidation, issuing fresh equity shares to resolution applicants. The statutory auditors, O. Aggarwal & Co., issued an unmodified opinion on the standalone and consolidated financial statements. They noted that the resolution plan extinguished certain litigations, with no amounts payable as they stand settled.

The auditors confirmed that the company has adequate internal financial controls over financial reporting that were operating effectively as of March 31, 2026. They also stated that no material uncertainty exists regarding the company's ability to meet its liabilities as they fall due within a year, in accordance with the approved resolution plan.

Key Financial Metrics

The Board of Directors did not recommend any dividend for the year ended March 31, 2026.

Alps Industries Limited returned to profitability in the financial year ended March 31, 2026, reporting a consolidated net profit of ₹2,596.44 lakh. This marks a significant reversal from the net loss of ₹6,388.52 lakh recorded in the previous year ended March 31, 2025. The company's Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, during a meeting held on May 30, 2026.

The financial recovery was largely attributed to exceptional items amounting to ₹7,737.15 lakh. This gain stems from the implementation of a resolution plan approved by the National Company Law Tribunal (NCLT), which involved the de-recognition of operational and financial creditors. The difference between the carrying amount of financial liabilities extinguished and the consideration paid was recognized in the statement of profit and loss in accordance with Ind AS 109.

Consolidated Financial Performance

For the year ended March 31, 2026, the company reported total income of ₹18.48 lakh, a decrease from ₹66.04 lakh in the prior year. Total expenses for the period stood at ₹5,157.19 lakh, down from ₹6,454.56 lakh in the previous year. The profit before exceptional items and tax was ₹5,140.71 lakh, compared to a loss of ₹6,388.52 lakh in the previous year.

The basic and diluted earnings per equity share (EPS) for the year were reported at ₹5.38, improving from a negative EPS of ₹16.33 in the previous year. The total comprehensive income for the year attributable to owners was ₹2,675.90 lakh, compared to a loss of ₹6,389.70 lakh in the previous year.

Operational and Balance Sheet Details

The company's consolidated balance sheet as of March 31, 2026, showed total assets of ₹32,411 lakh, a decrease from ₹1,40,705 lakh in the previous year. Total equity and liabilities stood at ₹32,411 lakh, compared to ₹1,40,705 lakh as of March 31, 2025. Equity recorded a negative balance of ₹805.13 lakh, while borrowings were reported at ₹1,107.68 lakh.

In terms of cash flows, the company reported a net decrease in cash and cash equivalents of ₹190.79 lakh for the year. The closing balance of cash and cash equivalents was ₹1.58 lakh as of March 31, 2026. The auditors, O. Aggarwal & Co., issued an unmodified opinion on the financial statements, confirming that the results give a true and fair view of the company's financial position.

Key Financial Metrics (Consolidated)

The Board confirmed that no dividend has been recommended for the year ended March 31, 2026. The company also disclosed that it has only one reportable segment, the Textile Segment, as per Ind AS requirements. The audited financial results are available on the company's website.