Finelistings Technologies reports net loss of ₹334.83 lakh in FY26
Finelistings Technologies Limited reported a narrowed net loss of ₹334.83 lakh for FY26, down from ₹376.99 lakh in FY25, as revenue fell to ₹600.87 lakh. The board approved the audited results and appointed M/s. Gaurav Bachani & Associates as Secretarial Auditor and M/s. Maharishi Shandilya as Internal Auditor.
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Finelistings Technologies Limited reported a net loss of ₹334.83 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹376.99 lakh in the previous year. Revenue from operations declined significantly to ₹600.87 lakh from ₹1,915.37 lakh in FY25. The company’s total expenditure for the year stood at ₹934.65 lakh, down from ₹2,282.83 lakh in the prior year.
The board of directors approved the audited financial results for the half year and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditors, M/s. D G M S & Co., issued an unmodified opinion on the standalone financial results. The results were reviewed by the Audit Committee prior to board approval.
Key Financial Metrics for FY26
| Particulars | Year Ended 31/03/2026 (₹ in Lakhs) | Year Ended 31/03/2025 (₹ in Lakhs) |
|---|---|---|
| Revenue From Operations | 600.87 | 1,915.37 |
| Total Income | 602.32 | 1,917.95 |
| Total Expenses | 934.65 | 2,282.83 |
| Net Profit/(Loss) | (334.83) | (376.99) |
| Basic EPS | (9.21) | (10.37) |
The company operates in a single reportable business segment: the retail of pre-owned luxury cars. Consequently, segment-wise disclosures have been provided in accordance with Accounting Standard 17. The financial statements were prepared in compliance with the Accounting Standards specified under Section 133 of the Companies Act, 2013.
Auditor Appointments
In addition to the financial results, the board appointed new auditors for the upcoming fiscal periods. M/s. Gaurav Bachani & Associates (FRN: S2020GJ718800) was appointed as the Secretarial Auditor for the Financial Year 2025-26. The firm brings over five years of experience in corporate legal and compliance matters.
M/s. Maharishi Shandilya, Chartered Accountants, was appointed as the Internal Auditor for Financial Year 2026-27. The appointed auditor possesses over 22 years of expertise in risk-based internal audits and statutory compliance. Both appointments are effective from May 28, 2026.
Assets and Liabilities
The audited balance sheet as of March 31, 2026, shows total assets of ₹1,274.15 lakh, a decrease from ₹1,546.27 lakh in the previous year. Shareholders' funds reduced to ₹1,088.25 lakh from ₹1,423.07 lakh, primarily due to the accumulated losses. The company reported cash and cash equivalents of ₹17.62 lakh at the end of the fiscal year, compared to ₹10.86 lakh a year earlier.
Historical Stock Returns for FTL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.96% | -1.96% | +42.82% | -24.34% | -83.52% |
What strategic initiatives will Finelistings implement to reverse the significant decline in operational revenue?
With cash equivalents at only ₹17.62 lakh, does the company have sufficient liquidity to sustain operations until profitability is achieved?
How will the new internal auditor's expertise in risk-based audits influence the company's cost control measures moving forward?
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