IEL Limited reports FY26 net profit of ₹18.46 lakh
IEL Limited announced its audited standalone financial results for the fourth quarter and financial year ended March 31, 2026, reporting a net profit of ₹18.46 lakh for the year, down from ₹43.15 lakh in FY25. The company's total income fell to ₹137.14 lakh from ₹617.98 lakh, while Q4 net profit stood at ₹58.84 lakh against a loss of ₹21.66 lakh in the prior year.
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IEL Limited has announced its audited standalone financial results for the fourth quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 23, 2026. The statutory auditors, M/s Maark & Associates, issued an unmodified opinion on the financial statements.
Financial Performance for FY26
For the financial year ended March 31, 2026, the company reported a total income of ₹137.14 lakh, a sharp decline from ₹617.98 lakh in the previous year. Revenue from operations dropped to ₹97 lakh from ₹615.94 lakh in FY25. Other income, however, increased to ₹40.15 lakh compared to ₹2.05 lakh in the prior year.
The company recorded a net profit of ₹18.46 lakh for the year, significantly lower than the ₹43.15 lakh reported in the previous fiscal year. Total expenses for the year amounted to ₹111.13 lakh, reduced from ₹559.82 lakh in the preceding year.
Quarterly Results
In the fourth quarter ended March 31, 2026, the company reported a total income of ₹73.55 lakh, compared to ₹1.05 lakh in the same period last year. Revenue from operations for the quarter stood at ₹42 lakh, while other income was ₹31.56 lakh. The company posted a net profit of ₹58.84 lakh for the quarter, recovering from a net loss of ₹21.66 lakh in the corresponding quarter of the previous year.
Financial Position
As of March 31, 2026, the company's total assets stood at ₹4,709.78 lakh, slightly up from ₹4,692.19 lakh in the previous year. Equity share capital remained constant at ₹1,303.92 lakh. Reserves and surplus increased marginally to ₹3,197.26 lakh from ₹3,178.80 lakh.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Total Income | 137.14 | 617.98 |
| Revenue from Operations | 97.00 | 615.94 |
| Total Expenses | 111.13 | 559.82 |
| Net Profit | 18.46 | 43.15 |
| Earnings Per Share (Basic) | 0.014 | 0.033 |
Rights Issue Utilization
The company also provided an auditor's certificate regarding the utilization of funds raised through a rights issue. IEL Limited raised a total of ₹43,17,21,894.20 on March 5, 2025. The net proceeds of ₹42,69,55,905.50 were utilized for acquiring land, meeting general corporate purposes, and financing warehouse construction. As of March 31, 2026, ₹2,414.31 lakh remained unutilized for the construction of warehouses, with no deviation from the stated objects.
Historical Stock Returns for IEL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.40% | +3.68% | -9.76% | -22.74% | +12.80% | +623.08% |
When will IEL Limited deploy the remaining ₹2,414.31 lakh in unutilized rights issue funds for warehouse construction, and how might this infrastructure expansion impact future revenue generation?
Given the sharp 84% decline in revenue from operations in FY26, what strategic initiatives is IEL Limited pursuing to diversify or rebuild its core business revenue streams?
How will the completion of the warehouse construction project affect IEL Limited's asset utilization and profitability metrics in FY27 and beyond?
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