Ghushine Fintrrade FY26 Net Profit Rises to ₹1.44 Lakhs
Ghushine Fintrrade Ocean Limited's board approved the audited standalone financial results for FY26, reporting a net profit of ₹1.44 lakhs compared to ₹0.34 lakhs in the prior year. Revenue from operations rose to ₹563.96 lakhs, while total assets increased to ₹741.41 lakhs. The company operates in the Textile Trading segment.
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Ghushine Fintrrade Ocean Limited's Board of Directors met on May 19, 2026, at its registered office in Surat to approve the audited standalone financial results for the financial year ended March 31, 2026. The board also approved the Secretarial Audit Report for the same period and appointed BHAGAT ASSOCIATES, Prop. Jitendra R. Bhagat, as the scrutinizer for voting at the Annual General Meeting. The meeting commenced at 3:00 PM and concluded at 3:30 PM.
Profit and Loss Performance
The company reported improved profitability for the financial year ended March 31, 2026. Net profit for the period rose to ₹1.44 lakhs, compared to ₹0.34 lakhs in the prior year. Revenue from operations for the year stood at ₹563.96 lakhs, up from ₹451.81 lakhs in FY25. Total income increased to ₹588.62 lakhs from ₹474.53 lakhs in the previous year. The company operates in a single reportable segment, Textile Trading, as per Ind AS 108. Basic and diluted earnings per share (not annualised) for the year were reported at 0.00291.
The following table presents the standalone profit and loss highlights (Rs in Lakhs):
| Particulars | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Revenue from Operations | 563.96 | 451.81 |
| Other Income | 24.65 | 22.72 |
| Total Income | 588.62 | 474.53 |
| Purchase of Stock in Trade | 553.36 | 428.09 |
| Employee Benefits Expense | 20.96 | 22.62 |
| Depreciation & Amortisation | 0.88 | 1.56 |
| Other Expenses | 10.79 | 8.29 |
| Total Expenses | 586.45 | 474.29 |
| Profit Before Tax | 2.17 | 0.24 |
| Net Profit for the Period | 1.44 | 0.34 |
Balance Sheet Highlights
The company's total assets expanded notably to ₹741.41 lakhs as on March 31, 2026, from ₹541.87 lakhs in the previous year. This growth was driven by a significant increase in current assets, which surged to ₹383.66 lakhs from ₹208.12 lakhs. Trade receivables (current) rose sharply to ₹349.22 lakhs from ₹175.51 lakhs. Non-current assets stood at ₹357.76 lakhs, compared to ₹333.75 lakhs in the prior year.
Equity share capital remained unchanged at ₹494.49 lakhs with a face value of Rs. 10/- per share. Total equity increased to ₹509.69 lakhs from ₹508.25 lakhs. Non-current borrowings rose to ₹64.98 lakhs from ₹32.08 lakhs, while current trade payables increased significantly to ₹165.12 lakhs from ₹1.16 lakhs.
Cash Flow Summary
The standalone cash flow statement for the year ended March 31, 2026, shows a net increase in cash and cash equivalents of ₹3.25 lakhs. Cash and cash equivalents at the end of the period improved to ₹5.59 lakhs from ₹2.34 lakhs at the beginning of the period. Net cash used in operating activities was ₹54.35 lakhs, while investing activities generated ₹24.70 lakhs, primarily from interest income. Financing activities contributed ₹32.90 lakhs, reflecting an increase in term loans.
Given the sharp rise in trade receivables to ₹349.22 lakhs, what steps is Ghushine Fintrrade Ocean planning to improve its receivables collection cycle and reduce credit risk exposure?
With non-current borrowings doubling to ₹64.98 lakhs and operating cash flow remaining negative, how sustainable is the company's current growth trajectory in textile trading?
As trade payables surged dramatically from ₹1.16 lakhs to ₹165.12 lakhs, what does this signal about the company's supplier relationships and potential liquidity pressures in FY27?
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