Bang Overseas Limited returned to profitability in the financial year ended March 31, 2026, reporting a standalone net profit of ₹454.09 Lakhs compared to a net loss of ₹199.82 Lakhs in the previous year. Revenue from operations for FY26 stood at ₹22,274.68 Lakhs, an increase from ₹19,049.17 Lakhs in FY25. The company's board approved the audited standalone and consolidated financial results on May 29, 2026. The statutory auditor, M/s. Bharat & Co., Chartered Accountants, issued an unmodified opinion on the results.

Standalone Financial Performance

The turnaround was driven by a rise in total income to ₹22,461.19 Lakhs from ₹19,251.70 Lakhs in the prior year. Total expenses for FY26 were ₹21,947.01 Lakhs, up from ₹19,613.29 Lakhs in FY25. Profit before tax for the year was ₹345.32 Lakhs, a significant recovery from a loss before tax of ₹361.59 Lakhs in the previous year. Basic and diluted earnings per share (EPS) improved to ₹3.35 from ₹(1.47) in FY25. Total comprehensive income for the year was ₹491.69 Lakhs against a loss of ₹204.79 Lakhs in the prior year.

For the quarter ended March 31, 2026, standalone revenue from operations was ₹5,803.17 Lakhs, with a net profit of ₹250.53 Lakhs. The company recorded exceptional items of ₹168.31 Lakhs during the quarter, contributing to full-year exceptional items of ₹168.86 Lakhs.

Consolidated Financial Performance

On a consolidated basis, which includes subsidiaries Vedanta Creations Limited and Bang HK Limited, the group reported a net profit of ₹594.66 Lakhs for FY26, reversing a net loss of ₹217.22 Lakhs in FY25. Consolidated revenue from operations rose to ₹22,393.76 Lakhs from ₹18,883.13 Lakhs in the previous year. Total comprehensive income for the consolidated entity was ₹632.38 Lakhs compared to a loss of ₹221.35 Lakhs in the prior year. Consolidated basic and diluted EPS for FY26 was ₹4.39, against ₹(1.60) in FY25.

The two subsidiaries reported total assets of ₹1,769.36 Lakhs, total revenue of ₹1,289.26 Lakhs, and a total net profit after tax of ₹140.56 Lakhs as at March 31, 2026.

Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflected total assets of ₹17,723.95 Lakhs, up from ₹15,947.73 Lakhs in the prior year. Equity stood at ₹8,349.36 Lakhs. On a consolidated basis, total assets were ₹18,992.29 Lakhs versus ₹17,068.10 Lakhs, with total equity at ₹9,342.30 Lakhs.

Exceptional Items and Auditor Re-appointment

During the year, a fire incident at the company's warehouse in Bhiwandi, Maharashtra, resulted in a write-off of inventories amounting to ₹2,185.55 Lakhs on a standalone basis and ₹2,704.32 Lakhs on a consolidated basis. The company holds a valid insurance policy covering the losses, and the recoverable amount has been recognised as a receivable. The board also approved the re-appointment of M/s. FRG & Company, Chartered Accountants, as the Internal Auditor for FY 2026-27.

Bang Overseas Limited has re-appointed M/s. FRG & Company as its Internal Auditor for the financial year 2026-27. The Board of Directors approved the re-appointment at its meeting held on May 29, 2026, based on the recommendations of the Audit Committee. The decision ensures continuity in the company's internal audit oversight for the upcoming fiscal year.

M/s. FRG & Company, a partnership firm, was re-appointed in compliance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm, led by Mr. Rajesh Tiwari, specializes in statutory audits, tax audits, and internal audits, serving a diverse clientele including SMEs and corporates.

The appointment details were submitted to the stock exchanges pursuant to Regulation 30 of the SEBI Listing Regulations. The disclosure was also made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Internal Auditor Profile