Elfin Agro reports FY26 net profit of ₹576.98 lakh
Elfin Agro India Limited reported a net profit of ₹576.98 lakh for the financial year ended March 31, 2026, an increase from ₹503.03 lakh in the previous year. Total revenue for FY26 stood at ₹17,731.24 lakh. The Board approved the audited standalone financial results on May 30, 2026. The company utilized ₹1,887.75 lakh of its IPO proceeds, with no deviations reported.
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Elfin Agro India Limited reported a net profit of ₹576.98 lakh for the financial year ended March 31, 2026, an increase from ₹503.03 lakh in the previous year. Total revenue for FY26 stood at ₹17,731.24 lakh, compared to ₹14,643.98 lakh in FY25. The company’s basic and diluted earnings per share for the year were ₹4.01, up from ₹3.57 in the prior year.
The Board of Directors approved the audited standalone financial results for the year and half-year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditor, M/s. Deepak Agal & Co., issued an unmodified opinion on the financial statements. The company confirmed that there were no deviations or variations in the utilization of proceeds from its Initial Public Offer (IPO) during the half-year ended March 31, 2026.
Financial Performance
The company’s profit before tax for FY26 was ₹771.04 lakh, compared to ₹674.84 lakh in FY25. Total expenses for the year increased to ₹16,960.20 lakh from ₹13,969.14 lakh in the previous year. The finance costs for FY26 were ₹144.77 lakh, while depreciation expenses were ₹51.44 lakh.
Key Financial Metrics (FY26 vs FY25)
| Particulars | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Total Revenue | 17,731.24 | 14,643.98 |
| Total Expenses | 16,960.20 | 13,969.14 |
| Profit Before Tax | 771.04 | 674.84 |
| Net Profit | 576.98 | 503.03 |
| Earnings Per Share (Basic) | 4.01 | 3.57 |
IPO Proceeds Utilization
The company raised ₹2,502.75 lakh through its IPO, which was listed on the SME Platform of BSE Limited on March 12, 2026. As of March 31, 2026, the company utilized ₹1,887.75 lakh of the proceeds. The unutilized amount of ₹615.00 lakh is kept in fixed deposits and will be available for utilization in FY27. There were no deviations in the use of funds as per the monitoring agency report.
Utilization of IPO Funds
| Object | Amount Disclosed (₹ in Lakhs) | Actual Utilised (₹ in Lakhs) | Unutilised Amount (₹ in Lakhs) |
|---|---|---|---|
| Working Capital | 1,932.61 | 1,432.61 | 500.00 |
| Issue related expenses | 220.14 | 105.14 | 115.00 |
| General Corporate Purposes | 350.00 | 350.00 | NIL |
| Total | 2,502.75 | 1,887.75 | 615.00 |
Historical Stock Returns for Elfin Agro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +1.42% | +41.58% | +50.21% | +50.21% | +50.21% |
How does Elfin Agro plan to deploy the remaining ₹615 lakh in unutilized IPO funds during FY27 to drive growth?
Will the company be able to maintain current profit margins given the significant rise in total expenses year-over-year?
What strategic initiatives is Elfin Agro pursuing to sustain the revenue growth momentum achieved in FY26?
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