Artefact Projects FY26 net profit falls 29.7% to ₹522.61 crore
Artefact Projects Limited reported a 29.7% decline in net profit to ₹522.61 crore for FY26, despite revenue rising 7.3% to ₹3,225.18 crore. The Board approved the audited results on May 27, 2026, which were published in newspapers on May 28, 2026, under SEBI regulations.

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Artefact Projects Limited reported a 29.7% decline in net profit to ₹522.61 crore for the financial year ended March 31, 2026, down from ₹743.03 crore in the previous year. Revenue from operations rose 7.3% to ₹3,225.18 crore for FY26, compared to ₹3,004.62 crore in FY25. The company’s total income from operations for the year stood at ₹3,614.04 crore.
The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. Naresh Patadia & Co., Chartered Accountants, issued an unmodified audit opinion on the results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that the extract of these audited financial results was published in the Indian Express (Nagpur Edition) and Loksatta (Nagpur Edition) on May 28, 2026, pursuant to Regulation 30 and Regulation 47 of the SEBI (LODR) Regulations, 2015.
Financial Performance
For the quarter ended March 31, 2026, the company reported a net profit of ₹86.14 crore, a significant decrease from ₹580.09 crore in the same quarter of the previous year. Revenue from operations for Q4FY26 was ₹1,432.55 crore, higher than ₹1,274.23 crore in Q4FY25. Total expenses for the quarter increased to ₹1,368.70 crore from ₹796.73 crore in the prior-year quarter.
Key Financial Metrics
| Metric | FY26 | FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹3,225.18 crore | ₹3,004.62 crore | +7.3% |
| Net Profit | ₹522.61 crore | ₹743.03 crore | -29.7% |
| Total Expenses | ₹2,929.00 crore | ₹2,552.78 crore | +14.7% |
| Basic EPS | ₹7.29 | ₹10.23 | -28.7% |
The company’s profit before tax for FY26 stood at ₹681.12 crore, down from ₹853.66 crore in the previous year. Exceptional items for the year were reported at a net loss of ₹3.93 crore, compared to a net gain of ₹14.18 crore in FY25.
Balance Sheet and Cash Flow
Total assets as of March 31, 2026, stood at ₹11,449.51 crore, an increase from ₹10,255.77 crore in the previous year. Equity share capital remained unchanged at ₹727.50 crore. The company reported other equity of ₹6,334.05 crore, up from ₹5,840.09 crore in FY25.
Cash and cash equivalents at the end of FY26 were ₹21.24 crore, compared to ₹12.73 crore at the end of the previous year. Net cash generated from operating activities was negative at ₹29.29 crore, while investing activities provided a net inflow of ₹143.08 crore.
The trading window will remain closed for 48 hours from the publication of the audited financial results. The financial results were prepared in accordance with Indian Accounting Standard (IND-AS) 34.
Historical Stock Returns for Artefact Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.33% | -3.12% | -11.89% | -14.51% | -27.09% | +54.96% |
What specific factors drove the 14.7% surge in total expenses despite only a 7.3% increase in revenue?
How does the company plan to address the negative cash flow from operating activities reported in FY26?
What strategic initiatives will Artefact Projects implement to reverse the decline in net profit margins for the upcoming fiscal year?


































