Earkart FY26 revenue rises 25.4% to ₹540.35 crore, net profit falls 28.4%

1 min read     Updated on 29 May 2026, 08:38 PM
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Earkart Limited reported a 25.4% increase in revenue from operations to ₹540,352.97 thousand for FY26, while net profit declined by 28.4% to ₹49,323.01 thousand. The statutory auditor issued an unmodified opinion on the audited financial results for the year and half-year ended March 31, 2026. Total assets increased significantly to ₹694,918.90 thousand, driven by higher cash reserves.

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Earkart Limited reported a 25.4% increase in revenue from operations to ₹540,352.97 thousand for the financial year ended March 31, 2026, while net profit for the year declined by 28.4% to ₹49,323.01 thousand. The statutory auditor, M/s Timsi & Associates, issued an Audit Report with an unmodified opinion on the audited financial results for the half year and year ended March 31, 2026. The board approved the audited standalone financial results during a meeting held on May 29, 2026.

The company's total income for FY26 stood at ₹541,417.52 thousand, compared to ₹431,920.64 thousand in the previous year. Total expenses for the period rose to ₹468,861.50 thousand from ₹341,764.02 thousand in FY25. For the half-year ended March 31, 2026, the company recorded a profit after tax of ₹30,789.99 thousand on a total income of ₹318,316.21 thousand. Earnings per share (EPS) for the year stood at ₹3.99, down from ₹6.59 in the previous year.

Metric FY26 (₹ in thousands) FY25 (₹ in thousands)
Revenue from Operations 540,352.97 431,062.08
Total Income 541,417.52 431,920.64
Total Expenses 468,861.50 341,764.02
Net Profit 49,323.01 68,816.78
EPS (Basic) 3.99 6.59

The board also appointed M/s Arvind Aggarwal & Associates, Chartered Accountants, as the Internal Auditor and M/s Nikita Kothari & Associates, Practicing Company Secretary, as the Secretarial Auditor for the financial year 2026-27. These appointments were made to comply with Section 138 of the Companies Act, 2013, and applicable SEBI regulations. The trading window for dealing in the company's listed securities, which was closed until May 31, 2026, has now concluded as per the company's Code of Conduct for the Prevention of Insider Trading.

The balance sheet as of March 31, 2026, shows total assets of ₹694,918.90 thousand, a significant increase from ₹302,443.75 thousand in the previous year, driven largely by a rise in cash and cash equivalents to ₹216,867.38 thousand. Shareholders' funds also improved to ₹643,451.84 thousand, comprising share capital of ₹137,539.32 thousand and reserves and surplus of ₹505,912.52 thousand.

Historical Stock Returns for Earkart

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+12.67%-4.93%-23.59%-6.54%-6.54%

What specific factors drove the 37% surge in total expenses that outpaced revenue growth?

How does Earkart Limited plan to utilize the significant increase in cash and cash equivalents on its balance sheet?

Will the company implement cost optimization measures to reverse the decline in net profit and EPS in the coming fiscal year?

EarKart Limited Passes Special Resolution on IPO Fund Utilisation Change via Postal Ballot

2 min read     Updated on 04 May 2026, 03:02 PM
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EarKart Limited successfully concluded its postal ballot on 01 May 2026, with shareholders passing a special resolution to change the objects for utilisation of unutilised IPO proceeds. A total of 10,889,382 votes were polled out of 13,753,932 shares, representing a participation rate of 79.17%, with 100% of votes cast in favour and zero votes against. The scrutinizer's report was issued by Ms. Nikita Kothari of N Kothari & Associates on 02 May 2026, and the results were disclosed to BSE Limited by Company Secretary Preeti Srivastava on 04 May 2026.

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EarKart Limited has announced the successful conclusion of its postal ballot process, with shareholders approving a special resolution concerning the change in objects for utilisation of the unutilised proceeds raised from the company's Initial Public Offer (IPO). The resolution was passed with requisite majority on 01 May 2026, the last date specified for remote e-voting, as confirmed by the scrutinizer's report dated 02 May 2026.

Postal Ballot Process Overview

The postal ballot was conducted exclusively through remote e-voting, facilitated by National Securities Depository Limited (NSDL) as the authorised service provider. The voting window opened on Wednesday, 02 April 2026 at 09:00 a.m. (IST) and closed on Friday, 01 May 2026 at 05:00 p.m. (IST). The cut-off date for determining shareholder eligibility to vote was Friday, 20 March 2026, on which the total number of shareholders on record stood at 243.

The scrutinizer for the process was Ms. Nikita Kothari, Partner of N Kothari & Associates, Practicing Company Secretaries, appointed by the Board of Directors of the company. The unblocking of votes cast via remote e-voting was carried out in the presence of two witnesses — Mr. Utkarsh Vyas and Ms. Sakshi Verma — neither of whom is in the employment of the company.

Resolution Details and Voting Outcome

The sole resolution put to vote was Resolution Item No. 1 — Change in the Object for utilisation of the unutilised proceeds raised from the Initial Public Offer (IPO) of the Company, classified as a Special Resolution. The following table summarises the overall voting results:

Metric: Details
Resolution Type: Special Resolution
Total Number of Shareholders (Cut-off Date): 243
Total Shares Held: 13,753,932
Total Votes Polled: 10,889,382
% Votes Polled on Outstanding Shares: 79.17%
Total Votes in Favour: 10,889,382
Total Votes Against: 0
% Votes in Favour: 100%
Result: Passed as Special Resolution

Category-Wise Voting Breakdown

The voting participation and results across shareholder categories are detailed below:

Category: Shares Held Votes Polled % Votes Polled Votes in Favour Votes Against % in Favour
Promoter & Promoter Group: 7,887,044 7,887,044 100 7,887,044 0 100
Public Institutions: 3,018,773 2,327,000 77.08 2,327,000 0 100
Public Non-Institutions: 2,848,115 675,338 23.71 675,338 0 100
Total: 13,753,932 10,889,382 79.17 10,889,382 0 100

All three shareholder categories — Promoter and Promoter Group, Public Institutions, and Public Non-Institutions — cast 100% of their polled votes in favour of the resolution. No votes were recorded against the resolution across any category or mode of voting.

Compliance and Disclosure

The outcome has been filed with BSE Limited in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have also been uploaded on the company's website at www.earkart.in and on the NSDL e-voting portal at www.evoting.nsdl.com . The disclosure was signed by Preeti Srivastava, Company Secretary & Compliance Officer (Membership No. A31615), on 04 May 2026 from Noida. The scrutinizer's report was issued by Nikita Kothari (Membership No.: F10365, C.P. No.: 13507, UDIN: F010365H000268557) on 04 May 2026 from Mumbai.

Historical Stock Returns for Earkart

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+12.67%-4.93%-23.59%-6.54%-6.54%

How will EarKart Limited redeploy the unutilised IPO proceeds under the newly approved objects, and what timeline has management set for deployment?

Could the change in IPO fund utilisation signal a strategic pivot in EarKart's business model, and how might this affect the company's revenue growth trajectory?

Given the notably low participation rate among public non-institutional shareholders (23.71%), what steps might EarKart take to improve retail investor engagement in future corporate governance processes?

More News on Earkart

1 Year Returns:-6.54%