Alps Industries returns to profit in FY26 led by resolution plan gains
Alps Industries Limited reported a consolidated net profit of ₹2,596.44 lakh for FY26, reversing a loss of ₹6,388.52 lakh in the previous year, driven by exceptional gains of ₹7,737.15 lakh from an NCLT-approved resolution plan. Total income declined to ₹18.48 lakh from ₹66.04 lakh, while expenses reduced to ₹5,157.19 lakh. The Board approved the audited results and confirmed no dividend recommendation for the year.
*this image is generated using AI for illustrative purposes only.
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)
| Metric | FY26 (₹ In Lakh) | FY25 (₹ In Lakh) |
|---|---|---|
| Total Income | 18.48 | 66.04 |
| Total Expenses | 5,157.19 | 6,454.56 |
| Profit Before Tax | 2,596.44 | (6,388.52) |
| Net Profit | 2,596.44 | (6,388.52) |
| Basic EPS | 5.38 | (16.33) |
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.
How does Alps Industries plan to sustain profitability in FY27 given that FY26 gains were largely driven by one-time exceptional items?
What specific operational strategies will the company implement to reverse the declining trend in total income?
With a negative equity balance of ₹805.13 lakh, what are the management's plans to shore up capital and strengthen the balance sheet?
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