Fine-Line Circuits reported a 92% year-on-year decline in net profit for FY26, driven primarily by exceptional items. Despite the profit contraction, the printed circuit board manufacturer saw its revenue grow by 9% to ₹3,317.68 lakh.

The company has scheduled its 36th Annual General Meeting (AGM) for Monday, September 28, 2026, at 11:00 am via Video Conferencing or Other Audio-Visual Means. Key agenda items include the re-appointment of retiring directors and the approval of the annual report.

Financial Performance

Revenue from operations rose to ₹3,317.68 lakh in FY26, up from ₹3,036.96 lakh in the previous year. However, profitability took a significant hit due to non-recurring charges.

Profit before tax and exceptional items improved significantly to ₹39.45 lakh from ₹21.76 lakh in FY25. This operational improvement was largely offset by exceptional items amounting to ₹37.94 lakh, resulting in a final net profit of just ₹1.52 lakh.

What the Numbers Show

The divergence between operating performance and bottom-line results is stark. While core operations generated a healthy pre-tax profit of ₹39.45 lakh—up over 80% from the prior year—the inclusion of ₹37.94 lakh in exceptional items reduced the profit before tax to a marginal ₹1.51 lakh. This indicates that while the business unit remains operationally viable with growing revenues, the overall financial outcome for shareholders was heavily impacted by one-off costs not reflective of daily trading activities.

Balance Sheet and Cash Flow

Total assets increased to ₹2,173.70 lakh from ₹1,785.08 lakh in FY25. Borrowings rose to ₹746.72 lakh (comprising ₹486.72 lakh current and ₹260.00 lakh non-current liabilities), up from ₹580.13 lakh previously. This increase in leverage coincided with a rise in inventories to ₹911.41 lakh and trade receivables to ₹527.73 lakh, suggesting working capital expansion alongside revenue growth.

Corporate Governance and AGM Details

The AGM will transact ordinary business including the adoption of audited financial statements. Special business includes:

• Re-appointment of Shri R.M. Premkumar as a Non-Executive Director, despite being over 75 years old, requiring a special resolution under SEBI Listing Regulations.
• Re-appointment of Mr. Gautam Doshi as a Director.
• Appointment of Mr. Jayesh Khimji Rambhia as an Independent Director for a second consecutive five-year term.

No dividend was recommended for FY26. The board noted a positive outlook, citing new product pipelines and expansion into space and defence sectors as growth drivers.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE087E01011/3f0ab315-a984-4f3f-bca1-fb7bf086243c.pdf

Fine-Line Circuits Limited returned to profitability in the first quarter of FY27, reporting a net profit after tax (PAT) of ₹16.54 lakh compared to a net loss of ₹6.24 lakh in Q1FY26. The turnaround was driven by a 48% year-on-year surge in revenue from operations, which rose to ₹1,072.01 lakh from ₹725.16 lakh. This performance marks a significant operational improvement for the printed circuit board manufacturer, which operates without subsidiaries or joint ventures. The results signal stabilized core operations after previous periods were impacted by exceptional items.

The Board of Directors approved the unaudited financial results during a meeting held on August 04, 2026. The results were subjected to a limited review by statutory auditors D K P & Associates, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to financial approvals, the Board accepted the Nomination and Remuneration Committee’s recommendation to appoint Mr. Jayesh Khimji Rambhia as an Additional Director (Independent) effective August 06, 2026. His first term expires on August 05, 2026, and he has been recommended for re-appointment as a Non-Executive Independent Director for a second term of five consecutive years, subject to shareholder approval via special resolution.

Financial Performance Highlights

Revenue growth was the primary driver behind the quarter’s profitability. Total income reached ₹1,073.19 lakh, up from ₹725.16 lakh in Q1FY26. While raw material costs increased proportionally to ₹425.71 lakh from ₹303.90 lakh, the company managed to expand its profit before tax margin significantly. Profit before tax stood at ₹17.15 lakh, compared to ₹6.47 lakh in the prior year period. Earnings per share (basic and diluted) improved to ₹0.34 from ₹0.13.

What the Numbers Show

The quarter’s results reveal a sharp divergence between operating performance and prior-year comparables due to exceptional items. While Q1FY27 showed consistent operational health with no exceptional items, the previous full year (FY26) included an exceptional loss of ₹36.11 lakh, which dragged down the annual PAT to ₹(18.54) lakh despite a profitable Q1FY26. The current quarter’s clean profit suggests stable core operations. Furthermore, total comprehensive income rose to ₹11.96 lakh, aided by a remeasurement gain of ₹(4.58) lakh on defined benefit obligations, contrasting with a gain of ₹22.64 lakh in Q4FY26. The company’s paid-up equity capital remained unchanged at ₹482.65 lakh.