Goblin India revises FY26 audited results, tax gaps persist
Goblin India Ltd reported a standalone net profit of ₹156.08 lakh for FY26, up from ₹140.48 lakh in the previous year, with revenue rising to ₹3903.87 lakh. The company submitted revised audited financial results to the stock exchange on June 19, 2026, following a board meeting on May 30, 2026. Statutory auditors Chandabhoy & Jassoobhoy Chartered Accountants issued a qualified opinion for both standalone and consolidated results due to unverified GST reconciliations and outstanding tax liabilities, including unfiled income tax returns and unpaid TDS dues. The consolidated net profit stood at ₹230.83 lakh, with revenue from operations at ₹5537.81 lakh. Management stated it is streamlining GST compliance and taking steps to clear tax dues.

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Goblin India Ltd reported a standalone net profit of ₹156.08 lakh for the financial year ended March 31, 2026, an increase from ₹140.48 lakh in the previous year. Revenue from operations rose to ₹3903.87 lakh for the year, compared to ₹3729.36 lakh in FY25. The company’s board approved the standalone and consolidated audited financial results for the half year and financial year ended March 31, 2026, at a meeting held on May 30, 2026. The company subsequently submitted revised financial results to the stock exchange on June 19, 2026, clarifying that the qualifications in the consolidated report were a reiteration of those in the standalone financials.
Chandabhoy & Jassoobhoy Chartered Accountants, the statutory auditors, issued a qualified opinion on the standalone financial results. The auditors noted that the company did not provide GST electronic credit ledgers, reconciliations, and detailed GST payable workings for verification, preventing the verification of related balances in the books of account. Additionally, the company has outstanding statutory liabilities under the Income Tax Act, 1961, and has not filed the Income Tax Return for Assessment Year 2025-26 or applicable TDS returns for the financial year 2025-26 within the prescribed timelines. Certain TDS liabilities remain unpaid as of March 31, 2026, and the management has not made provisions for interest, penalties, or other liabilities that may arise from these non-compliances.
The auditors issued a similar qualified opinion for the consolidated financial results, citing the same issues regarding GST reconciliations and tax filings at the holding company level. The consolidated financial results include the financials of subsidiaries Goblin Industries (India) Private Limited and Goblin France. The consolidated net profit for the year stood at ₹230.83 lakh, with total revenue from operations at ₹5537.81 lakh.
Standalone Financial Performance
The company’s standalone financial results for FY26 show growth across key metrics. Total expenses for the year were ₹3853.22 lakh, up from ₹3742.61 lakh in the previous year. Profit before tax for the year was ₹207.33 lakh, compared to ₹202.51 lakh in FY25. Basic earnings per share increased to ₹1.13 from ₹1.02 in the prior year.
| Metric | FY26 (₹ in Lakh) | FY25 (₹ in Lakh) |
|---|---|---|
| Revenue from Operations | 3903.87 | 3729.36 |
| Total Revenue | 4060.55 | 3884.86 |
| Total Expenses | 3853.22 | 3742.61 |
| Profit Before Tax | 207.33 | 202.51 |
| Net Profit | 156.08 | 140.48 |
| Basic EPS | 1.13 | 1.02 |
Consolidated Financial Performance
On a consolidated basis, the company reported a total revenue of ₹5694.50 lakh for FY26, down from ₹5694.50 lakh in the previous year. Total expenses for the year were ₹5387.97 lakh. The profit before tax for the consolidated entity was ₹306.53 lakh, compared to ₹306.53 lakh in the prior year. Basic earnings per share on a consolidated basis were ₹1.67, compared to ₹1.67 in FY25.
| Metric | FY26 (₹ in Lakh) | FY25 (₹ in Lakh) |
|---|---|---|
| Revenue from Operations | 5537.81 | 5694.50 |
| Total Revenue | 5694.50 | 5694.50 |
| Total Expenses | 5387.97 | 5387.97 |
| Profit Before Tax | 306.53 | 306.53 |
| Net Profit | 230.83 | 230.83 |
| Basic EPS | 1.67 | 1.67 |
The company stated that it is currently streamlining its GST compliance documentation process and expects to complete the reconciliation exercise in the current quarter. It also noted that immediate steps are being taken to clear outstanding TDS dues and file overdue returns.
Historical Stock Returns for Goblin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -0.44% | +11.11% | -24.69% | -49.44% | -57.45% |
What financial impact will the interest and penalties for unpaid TDS liabilities have on future profitability once the provisions are made?
How will the management's current efforts to streamline GST compliance affect operational efficiency and auditor opinions in the next fiscal year?
Will the stagnation in consolidated revenue and profit growth prompt the company to revise its strategy for its subsidiaries, particularly Goblin France?




























