Goblin India revises FY26 audited results, tax gaps persist

2 min read     Updated on 19 Jun 2026, 08:18 PM
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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 Day5 Days1 Month6 Months1 Year5 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?

Goblin India board to consider FY26 results on May 30

1 min read     Updated on 26 May 2026, 12:29 AM
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Goblin India Limited's board will meet on May 30, 2026, to approve audited financial results for the year and half-year ended March 31, 2026. The trading window for insiders is closed until 48 hours post-announcement.

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Goblin India Limited has scheduled a board meeting on May 30, 2026, to consider and approve the standalone and consolidated audited financial results for the financial year and half-year ended March 31, 2026. The meeting will also review the audit report accompanying these financial statements. The trading window for designated persons and their immediate relatives has been closed since April 1, 2026, and will remain shut until 48 hours after the results are announced.

Agenda for the Board Meeting

The Board of Directors will deliberate on the following key items:

  • Consideration and approval of standalone and consolidated audited financial results for the half year and financial year ended March 31, 2026.
  • Review of the Audit Report for the respective periods.
  • Transaction of any other business with the permission of the Chairman.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, the trading window for dealing in the securities of the company is closed. This restriction applies to all designated persons and their immediate relatives, effective from April 1, 2026, until 48 hours after the declaration of the audited financial results for the half year and financial year ended March 31, 2026.

Historical Stock Returns for Goblin

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-0.44%+11.11%-24.69%-49.44%-57.45%

How might the upcoming financial results impact Goblin India Limited's stock performance once the trading window reopens?

What strategic initiatives or business expansions is the company likely to prioritize based on the financial outcomes?

Could the audit report reveal any significant changes in the company's financial health or compliance status?

More News on Goblin

1 Year Returns:-49.44%