Incredible Industries FY26 net profit falls to ₹1,151.64 lakh
Incredible Industries reported a decline in net profit to ₹1,151.64 lakh for FY26 from ₹1,248.72 lakh in the previous year, despite revenue increasing to ₹84,029.78 lakh. For Q4FY26, net profit dropped to ₹452.11 lakh from ₹584.07 lakh in the same quarter last year. The Board approved the audited financial results on May 29, 2026, and did not recommend any dividend. The company's paid-up equity share capital remained at ₹4,676.38 lakh, and EPS for FY26 was ₹2.54. The auditors issued an unmodified opinion on the results.

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Incredible Industries reported a net profit of ₹1,151.64 lakh for the financial year ended March 31, 2026, a decline from ₹1,248.72 lakh in the previous year. Revenue from operations rose to ₹84,029.78 lakh in FY26 from ₹75,614.48 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026. The company published these results in newspapers, including Business Standard and Aaj Kaal, on May 30, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
For the quarter ended March 31, 2026, the company recorded a net profit of ₹452.11 lakh, down from ₹584.07 lakh in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹21,943.49 lakh, compared to ₹23,022.25 lakh in Q4FY25. Total income for the quarter was ₹21,979.04 lakh. The company recognized an estimated liability of ₹25.14 lakh towards gratuity for past service cost in the quarter ended March 31, 2026, following the finalisation of Central Rules under the Labour Codes.
The Board of Directors did not recommend any dividend for the year ended March 31, 2026. The company’s paid-up equity share capital remained unchanged at ₹4,676.38 lakh with a face value of ₹10 per share. Earnings per share (EPS) for FY26 was reported at ₹2.54, compared to ₹2.70 in the previous year.
Financial Performance
The following table outlines the key financial metrics for Incredible Industries for the quarter and year ended March 31, 2026:
| Particulars | Quarter Ended 31/03/2026 (₹ in lacs) | Quarter Ended 31/03/2025 (₹ in lacs) | Year Ended 31/03/2026 (₹ in lacs) | Year Ended 31/03/2025 (₹ in lacs) |
|---|---|---|---|---|
| Revenue From Operations | 21,943.49 | 23,022.25 | 84,029.78 | 75,614.48 |
| Total Income | 21,979.04 | 23,029.43 | 84,174.35 | 75,691.08 |
| Total Expenses | 21,346.70 | 22,292.22 | 82,513.21 | 74,367.63 |
| Profit Before Tax | 632.34 | 737.21 | 1,661.14 | 1,323.45 |
| Net Profit | 452.11 | 584.07 | 1,151.64 | 1,248.72 |
Assets and Liabilities
Total assets as of March 31, 2026, stood at ₹22,147.11 lakh, an increase from ₹19,406.03 lakh in the previous year. Non-current assets rose to ₹7,749.77 lakh, driven by capital work-in-progress of ₹3,533.88 lakh related to the SMS Project and rolling mill upgradation. Current assets were recorded at ₹14,397.34 lakh. Total equity and liabilities increased to ₹22,147.11 lakh, with equity share capital at ₹4,676.38 lakh and other equity at ₹11,035.30 lakh.
Auditor's Report
M/s. R. Gopal & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results for the quarter and year ended March 31, 2026. The auditors confirmed that the financial results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provide a true and fair view in conformity with Indian Accounting Standards (Ind AS).
Historical Stock Returns for Incredible Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.87% | -5.91% | -8.28% | -10.06% | -23.92% | +22.10% |
What is the expected timeline for the completion of the SMS Project and rolling mill upgradation?
How will the company address the declining net profit margins despite the increase in annual revenue?
Are there plans to resume dividend payouts in the next fiscal year?


































