Classic Electricals returns to profit in FY26
Classic Electricals Limited returned to profitability in FY26 with a net profit of ₹10.59 lakh, compared to a net loss of ₹19.06 lakh in FY25, aided by reduced expenses. The Board approved the audited financial results on May 29, 2026, and proposed the reappointment of Mr. Sunil Hirji Shah. The Annual General Meeting is set for June 25, 2026, and no dividend was recommended for the year.
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Classic Electricals Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹10.59 lakh compared to a net loss of ₹19.06 lakh in the previous year. The turnaround was driven by a reduction in total expenses, which fell to ₹88.43 lakh from ₹118.14 lakh in FY25, while total revenue rose marginally to ₹100.25 lakh from ₹97.94 lakh. The company’s statutory auditors, M/s. A D V & Associates, issued an unmodified opinion on the audited financial results.
For the quarter ended March 31, 2026, the company reported a net loss of ₹3.48 lakh, widening from the loss of ₹0.00 lakh in the preceding quarter ended December 31, 2025. Total revenue for Q4FY26 stood at ₹25.00 lakh, while total expenses for the quarter were ₹28.36 lakh. The basic and diluted earnings per share for the full year were ₹0.54, improving from a loss of ₹1.00 per share in the prior year.
Financial Performance
The company’s balance sheet as of March 31, 2026, shows total assets at ₹1,320.16 lakh, up from ₹1,274.49 lakh in the previous year. Equity and liabilities increased to ₹1,320.16 lakh, with other equity rising to ₹984.38 lakh from ₹974.05 lakh. Non-current assets included property, plant, and equipment valued at ₹20.31 lakh and investment property at ₹9.53 lakh.
| Financial Metrics (₹ in Lacs) | Year Ended 31-Mar-26 | Year Ended 31-Mar-25 |
|---|---|---|
| Total Revenue | 100.25 | 97.94 |
| Total Expenses | 88.43 | 118.14 |
| Profit Before Tax | 11.81 | (20.20) |
| Net Profit | 10.59 | (19.06) |
| Basic EPS (₹) | 0.54 | (1.00) |
Corporate Governance and Approvals
The Board of Directors approved the audited financial results and the Directors' Report for the year ended March 31, 2026, at a meeting held on May 29, 2026. The Board proposed the reappointment of Mr. Sunil Hirji Shah (DIN: 02775683), who retires by rotation and is eligible for reappointment. The Annual General Meeting is scheduled for June 25, 2026.
The Register of Members will remain closed from June 19, 2026, to June 25, 2026, for the purpose of the Annual General Meeting. The Board of Directors has not recommended any dividend for the financial year ended March 31, 2026. The financial results were reviewed by the Audit Committee and are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Auditor's Report and Disclosures
M/s. A D V & Associates, Statutory Auditors, confirmed that the financial results present a true and fair view in conformity with the Indian Accounting Standards (Ind AS). The company noted that it recognized the impact of the New Labour Codes under employee benefits expense, resulting in a gratuity defined benefit obligation of ₹6.11 lakh and a compensated leave obligation of ₹2.40 lakh as of March 31, 2026. The cash flow statement for the year indicates a net cash inflow of ₹0.96 lakh, with the closing cash and cash equivalents balance at ₹3.42 lakh.
Historical Stock Returns for Classic Electricals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What strategies will management implement to sustain profitability given the widening net loss in Q4 FY26?
How will the company address the new gratuity and compensated leave obligations of ₹8.51 lakh in the upcoming fiscal year?
Are there plans to utilize the significant increase in other equity to fund expansion or reduce debt?
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