Darshan Orna returns to profitability in FY26 with net profit of ₹11.44 lakh

Darshan Orna Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹11.44 lakh compared to a net loss of ₹28.41 lakh in the previous year. The board approved the standalone audited financial results on May 28, 2026, confirming a turnaround driven by a substantial increase in equity share capital and improved financial management. The statutory auditors, Shah Karia & Associates, issued an unmodified opinion on the financial statements, though they noted that miscellaneous expenditure not to be written off was not disclosed as per IND AS.

The company's revenue from operations for the year stood at ₹849.45 lakh, a sharp decline from ₹7,149.51 lakh in FY25. Despite the drop in revenue, the firm managed to reduce total expenses to ₹864.55 lakh from ₹8,098.51 lakh in the prior year. For the quarter ended March 31, 2026, the company reported a net loss of ₹4.38 lakh on revenue of ₹2,531.49 lakh.

Financial Performance

The balance sheet as of March 31, 2026, reflects a significant strengthening of the equity base. Total equity rose to ₹3,528.22 lakh from ₹1,962.21 lakh in the previous year, primarily due to the issuance of shares. Total assets increased to ₹4,062.41 lakh from ₹2,711.66 lakh, supported by a rise in inventories and trade receivables.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Net Profit	11.44	(28.41)
Revenue from Operations	849.45	7,149.51
Total Expenses	864.55	8,098.51
Total Equity	3,528.22	1,962.21
Total Assets	4,062.41	2,711.66

Capital Structure and Cash Flows

Equity share capital doubled to ₹2,001.17 lakh during the year, with proceeds from share issuance contributing ₹1,000.59 lakh and securities premium adding ₹500.29 lakh to the cash flows. This capital infusion was critical in supporting operations. Borrowings decreased significantly to ₹92.20 lakh from ₹630.99 lakh, indicating a deleveraging of the balance sheet.

Cash flow from operating activities remained negative at ₹1,433.69 lakh, largely due to a substantial increase in trade receivables which stood at ₹1,396.89 lakh. However, financing activities provided a net cash inflow of ₹1,494.43 lakh, ensuring the company ended the year with cash and cash equivalents of ₹90.93 lakh, up from ₹48.52 lakh at the end of FY25.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.30%	-1.68%	-6.40%	-23.03%	-4.88%	-40.31%

darshan orna has announced that its board of directors will meet on Thursday, May 28, 2026. The primary agenda of the meeting is to consider and approve the standalone audited financial results of the company for the quarter and financial year ended March 31, 2026. The board will also review the auditor's report accompanying these results.

Meeting Agenda

The board meeting, convened under Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will address the following key items:

Consideration and approval of Standalone Audited Financial Results for the quarter and year ended March 31, 2026.
Review of the Auditor's report on the financial results.
Discussion on any other business matters with the permission of the Chair.

Trading Window Closure

Pursuant to a previous intimation dated March 21, 2026, the trading window for dealing in the securities of the company was closed effective April 1, 2026. This closure applies to designated persons and their immediate relatives as defined in the company's code of conduct. The company has confirmed that the trading window shall remain closed until 48 hours after the announcement of the audited standalone financial results.