Harmony Capital Reports FY26 Profit Turnaround, Appoints New CS
Harmony Capital Services Ltd reported a strong FY26 turnaround with a net profit of Rs. 29.90 lakh against a prior-year net loss of Rs. 60.47 lakh, driven by total income of Rs. 39.71 lakh and sharply lower expenses of Rs. 9.81 lakh. The board appointed Ms. Khyati Mishra (ACS: 70162) as Company Secretary and approved key corporate actions including a proposed registered office relocation from Maharashtra to West Bengal. The audited results were subsequently published in Financial Express and Mumbai Lakshdeep on May 8, 2026, pursuant to Regulation 47 of SEBI LODR Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
Harmony Capital Services Ltd held its Board of Directors meeting on May 7, 2026, to consider and approve the appointment of Ms. Khyati Mishra as the Company Secretary and Compliance Officer. The meeting, which commenced at 09:30 A.M. and concluded at 11:05 A.M., was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Mishra (ACS: 70162) has been designated as Key Managerial Personnel with effect from May 7, 2026. The company informed BSE Limited that the necessary disclosures, including her brief profile, were enclosed as per Part A of Schedule III and the SEBI Master Circular dated January 30, 2026. Subsequently, the company published its audited standalone financial results for the quarter and year ended March 31, 2026 in the English language newspaper Financial Express and the Marathi language newspaper Mumbai Lakshdeep on May 8, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
In addition to the corporate appointment, the board approved the audited standalone financial results for the quarter and year ended March 31, 2026. The statutory audit was carried out by M/s Kapish Jain & Associates (Firm Registration Number 022743N), who issued an unmodified opinion. The company reported a significant turnaround, with total income standing at Rs. 39.71 lakh against nil in the previous year. Total expenses declined sharply to Rs. 9.81 lakh from Rs. 60.47 lakh in the prior year, resulting in a net profit of Rs. 29.90 lakh compared to a net loss of Rs. 60.47 lakh previously. No tax expense was recognized during the year.
The following table presents the key financial metrics across reporting periods:
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Total Income (Rs. lakh): | 39.71 | - | - | 39.71 | - |
| Total Expenses (Rs. lakh): | 5.02 | 2.05 | 19.32 | 9.81 | 60.47 |
| Profit / (Loss) Before Tax (Rs. lakh): | 34.69 | (2.05) | (19.32) | 29.90 | (60.47) |
| Net Profit / (Loss) After Tax (Rs. lakh): | 34.69 | (2.05) | (19.32) | 29.90 | (60.47) |
| Basic EPS (Rs.): | 1.16 | (0.07) | (0.64) | 1.00 | (2.02) |
| Diluted EPS (Rs.): | 1.16 | (0.07) | (0.64) | 1.00 | (2.02) |
Balance Sheet and Cash Flow
The company's total assets stood at Rs. 117.26 lakh as of March 31, 2026, compared to Rs. 116.99 lakh a year earlier. Total equity improved to Rs. 100.27 lakh from Rs. 73.67 lakh, reflecting the profit recorded during the year. Current liabilities reduced significantly to Rs. 16.99 lakh from Rs. 43.32 lakh. On the cash flow front, net cash from operating activities stood at Rs. 1.74 lakh, a recovery from a net cash outflow of Rs. 41.30 lakh in the prior year. Cash and cash equivalents at the end of the year were Rs. 9.00 lakh, up from Rs. 7.26 lakh at the beginning of the year.
| Parameter: | As at 31-Mar-26 (Rs. lakh) | As at 31-Mar-25 (Rs. lakh) |
|---|---|---|
| Total Assets: | 117.26 | 116.99 |
| Total Equity: | 100.27 | 73.67 |
| Total Current Liabilities: | 16.99 | 43.32 |
Key Corporate Developments
Beyond the financial results, the board approved several significant corporate actions. The company proposed a relocation of its registered office from Maharashtra to West Bengal, subject to shareholder and regulatory approvals. Additionally, the board approved the establishment of a corporate office at Wellington Apartment, 29/1, Nirmal Chandra Street, 4th Floor, Kolkata 700012. An alteration of the Object Clause of the Memorandum of Association was also proposed, pending member approval. The outcome was communicated to BSE Limited and digitally signed by Jubin Gada, Director (DIN: 10820579).
How might Harmony Capital Services' proposed relocation from Maharashtra to West Bengal impact its regulatory compliance costs, operational strategy, and access to new business opportunities in the eastern India market?
Given that the company reported zero income in FY25 but generated Rs. 39.71 lakh entirely in Q4 FY26, what is the sustainability and scalability of this revenue stream, and could it signal a new business line tied to the altered Object Clause of the MoA?
With no tax expense recognized despite a net profit of Rs. 29.90 lakh, what deferred tax assets or carried-forward losses might Harmony Capital Services utilize in future profitable years, and how could this affect its effective tax rate going forward?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
