Euphoria Infotech (India) Approves FY26 Audited Standalone and Consolidated Financial Results

Euphoria Infotech (India) Limited's Board of Directors, at its meeting held on May 13, 2026, considered and approved the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting, held at the company's registered office at Bengal Eco Intelligent Park, Building EM-3, Sector V, Salt Lake City, Kolkata-700091, commenced at 2:30 p.m. and concluded at 3:15 p.m. The statutory auditors, M/s. Baid Agarwal Singhi & Co., Chartered Accountants (Firm Registration No.: 0326871E), issued an unmodified audit opinion on both the standalone and consolidated financial statements.

Standalone Financial Performance

The company's standalone financial results for the year ended March 31, 2026, reflect growth in revenue from operations, though net profit declined compared to the previous year. On a standalone basis, revenue from operations for FY26 grew to ₹1,522.93 lakhs from ₹1,321.57 lakhs in the previous year. Total expenses rose to ₹1,302.72 lakhs from ₹1,084.91 lakhs, driven primarily by higher cost of equipment and services consumed (₹636.66 lakhs vs. ₹509.86 lakhs) and increased employee benefits (₹447.17 lakhs vs. ₹378.69 lakhs). Net profit for FY26 stood at ₹154.09 lakhs compared to ₹179.08 lakhs in FY25, with basic and diluted EPS at ₹5.31 versus ₹6.17 in the prior year. The following table presents the key standalone financial metrics (Rs. in lakhs except EPS):

Particulars:	H2 FY26 (Audited)	H2 FY25 (Audited)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations:	891.47	625.87	1,522.93	1,321.57
Other Income:	3.29	2.32	7.67	11.18
Total Revenue:	894.76	628.20	1,530.60	1,332.75
Total Expenses:	775.10	528.86	1,302.72	1,084.91
Profit Before Tax:	119.66	99.33	227.88	247.84
Total Tax Expenses:	31.05	15.71	73.79	68.75
Net Profit:	88.62	83.62	154.09	179.08
Basic & Diluted EPS (₹10 face value):	3.05	2.88	5.31	6.17

Consolidated Financial Performance

The consolidated results include the financial performance of Euphoria Infotech Bangladesh Private Limited, an associate company in which the group holds a 49% stake. On a consolidated basis, net profit for FY26 was ₹154.60 lakhs compared to ₹177.57 lakhs in FY25. The share of profit from associates (net of exchange differences) was ₹0.51 lakhs for FY26 against a loss of ₹1.52 lakhs in FY25. Consolidated basic and diluted EPS stood at ₹5.33 for FY26 versus ₹6.12 in the prior year. The key consolidated financial metrics are presented below (Rs. in lakhs except EPS):

Particulars:	H2 FY26 (Audited)	H2 FY25 (Audited)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations:	891.47	625.88	1,522.93	1,321.58
Other Income:	3.29	2.32	7.67	11.18
Total Revenue:	894.76	628.21	1,530.60	1,332.76
Total Expenses:	775.10	528.86	1,302.72	1,084.91
Profit Before Tax:	119.66	99.34	227.88	247.85
Total Tax Expenses:	31.05	15.72	73.79	68.76
Share of Profit/(Loss) of Associates (net):	(0.16)	(1.73)	0.51	(1.52)
Net Profit:	88.46	81.89	154.60	177.57
Basic & Diluted EPS (₹10 face value):	3.05	2.82	5.33	6.12

Balance Sheet and Cash Flow Highlights

The standalone balance sheet as at March 31, 2026, reflects a significant expansion in the company's asset base. Total assets grew to ₹3,136.26 lakhs from ₹1,937.21 lakhs as at March 31, 2025. Trade receivables increased substantially to ₹1,640.90 lakhs from ₹701.35 lakhs, while inventories rose to ₹910.39 lakhs from ₹654.14 lakhs. On the liabilities side, short-term borrowings increased to ₹411.39 lakhs from ₹70.63 lakhs, and trade payables (other than MSME) rose to ₹378.83 lakhs from ₹22.55 lakhs. Reserves and surplus stood at ₹1,503.76 lakhs as at March 31, 2026, compared to ₹1,351.25 lakhs in the prior year. On a consolidated basis, total assets stood at ₹3,135.02 lakhs as at March 31, 2026, compared to ₹1,935.45 lakhs in the prior year, with consolidated reserves and surplus at ₹1,502.52 lakhs versus ₹1,349.48 lakhs previously.

From a standalone cash flow perspective, net cash used in operating activities was ₹(387.18) lakhs for FY26, compared to ₹(58.91) lakhs in FY25, primarily due to a significant increase in trade receivables and other assets of ₹(1,228.92) lakhs. Net cash used in investing activities was ₹(41.11) lakhs, while net cash from financing activities was ₹376.11 lakhs, supported by net borrowing proceeds of ₹410.06 lakhs. On a consolidated basis, net cash used in operating activities was ₹(386.68) lakhs, net cash used in investing activities was ₹(41.63) lakhs, and net cash from financing activities was ₹376.12 lakhs. Cash and cash equivalents as at March 31, 2026, stood at ₹42.42 lakhs on both a standalone and consolidated basis, down from ₹94.60 lakhs at the start of the year.

Internal Auditor Appointment and Other Disclosures

At the same board meeting, the company also approved the appointment of M/s. ABPP & Associates, Chartered Accountants (FRN No. 328632E) as Internal Auditor for the financial year 2026-27, effective May 13, 2026. ABPP & Associates is a firm of Chartered Accountants offering services across audit and assurance, direct and indirect taxation, company law matters, and advisory services. The company operates solely in the Information Technology development segment and accordingly does not provide segment-wise disclosures. The trading window for designated persons, which was closed as per the earlier communication dated March 20, 2026, shall remain closed up to May 15, 2026, in compliance with applicable SEBI insider trading regulations. The submission was signed by Priyabrata Seal, Whole-time Director (DIN: 07449685).

Euphoria infotech (india) Limited has issued a formal clarification to BSE Limited regarding recent movement in its share price, responding to an inquiry from the stock exchange. The company submitted its response on April 10, 2026, addressing concerns raised by BSE in their email dated April 9, 2026.

Regulatory Compliance Statement

The company reaffirmed its commitment to regulatory compliance in its response to BSE. Euphoria Infotech stated that it has consistently disclosed all material information affecting its operations and performance to the stock exchange. The company emphasized its adherence to disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring all necessary disclosures are made within stipulated timeframes.

Management's Position on Price Movement

Regarding the share price fluctuation, the company's management provided clear clarification on their involvement and knowledge of the situation:

Parameter:	Company's Response
Awareness of Movement Reasons:	Not aware of specific reasons
Nature of Price Movement:	Purely market-driven
Management Connection:	No connection to price movement
Regulatory Compliance:	Full adherence maintained

Official Response Details

The clarification was formally submitted to BSE Limited's Listing Department at P.J. Towers, Dalal Street, Mumbai. The response referenced BSE's email number L/SURV/ONL/PV/APJ/2026-2027/3619 dated April 9, 2026, which had sought clarification on the price movement.

Authorization and Documentation

The official response was digitally signed by Priyabrata Seal, Whole-time Director of Euphoria Infotech (India) Limited, bearing DIN 07449685. The digital signature was applied on April 10, 2026, at 12:24:41 +05'30", providing authentication to the company's formal submission.

The company concluded its clarification by reiterating its commitment to continue adhering to compliance requirements under the Listing Regulations and other applicable laws, requesting BSE to take the clarification on record.