Krishna Ventures Board Approves Standalone Audited Financial Results for FY26
Krishna Ventures Limited's Board of Directors approved the standalone audited financial results for the quarter and financial year ended 31 March 2026 at a meeting held on 16 May 2026. Total assets grew to Rs. 2,819.09 lakhs from Rs. 2,535.52 lakhs, while the company reported a profit before tax of Rs. 29.71 lakhs against a loss of Rs. 87.35 lakhs in the previous year. Statutory auditor M/s Vivek Mittal & Associates issued an unmodified audit opinion, and the results were filed with BSE Limited under SEBI Listing Regulations.
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Krishna Ventures Limited convened a Board of Directors meeting on 16 May 2026, at which the board approved the standalone audited financial results for the quarter and financial year ended 31 March 2026. The results were prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under the Companies (Indian Accounting Standard) Rules, 2015. The meeting commenced at 01:00 P.M. and concluded at 02:00 P.M., with Managing Director Neeraj Gupta (DIN: 07176093) signing off on the disclosures.
Board Meeting Outcomes
The Board considered and approved the following matters at its meeting held on 16 May 2026:
- Approval of the Audited Financial Results (Standalone) for the quarter and financial year ended 31 March 2026
- Audit Report on the Audited Financial Results for the quarter and year ended 31 March 2026
- Declaration in respect of Audit Report with Unmodified Opinion on the Financial Results for the financial year ended 31 March 2026
M/s Vivek Mittal & Associates, Chartered Accountants (ICAI Firm Registration No. 005847C), the statutory auditor of the company, issued an audit report with an unmodified opinion on the annual audited standalone financial results for the financial year ended 31 March 2026. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013.
Standalone Statement of Assets and Liabilities
The following table presents the standalone audited statement of assets and liabilities as at 31 March 2026 compared to 31 March 2025 (Rs. in Lakhs):
| Metric: | As at 31 March 2026 | As at 31 March 2025 |
|---|---|---|
| Property, Plant & Equipments: | 267.01 | 281.40 |
| Capital Work-in-Progress: | 587.49 | 614.83 |
| Investments (Non-Current): | 558.61 | 549.39 |
| Total Non-Current Assets: | 1,413.11 | 1,445.63 |
| Inventories: | 116.65 | 131.66 |
| Trade Receivables: | 525.80 | 94.86 |
| Cash & Cash Equivalents: | 5.81 | 30.99 |
| Short Loans & Advances: | 722.57 | 759.41 |
| Total Current Assets: | 1,405.98 | 1,089.89 |
| Total Assets: | 2,819.09 | 2,535.52 |
| Equity Share Capital: | 1,080.00 | 1,080.00 |
| Other Equity: | 8.80 | (21.07) |
| Total Equity: | 1,088.80 | 1,058.93 |
| Total Non-Current Liabilities: | 1,382.79 | 1,459.47 |
| Trade Payables (Other Creditors): | 266.15 | 14.78 |
| Total Current Liabilities: | 347.50 | 17.12 |
| Total Equity and Liabilities: | 2,819.09 | 2,535.52 |
Total assets grew to Rs. 2,819.09 lakhs as at 31 March 2026 from Rs. 2,535.52 lakhs as at 31 March 2025. Total equity improved to Rs. 1,088.80 lakhs from Rs. 1,058.93 lakhs, supported by a turnaround in other equity from Rs. (21.07) lakhs to Rs. 8.80 lakhs. Total current liabilities rose significantly to Rs. 347.50 lakhs from Rs. 17.12 lakhs, primarily driven by an increase in trade payables to other creditors from Rs. 14.78 lakhs to Rs. 266.15 lakhs.
Standalone Cash Flow Statement
The standalone cash flow statement for the year ended 31 March 2026, prepared under the Indirect Method as set out in Ind AS 7, is summarised below (Rs. in Lakhs):
| Metric: | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| Profit Before Tax: | 29.71 | (87.35) |
| Depreciation and Amortisation: | 14.40 | 14.64 |
| Finance Cost: | 21.71 | 15.85 |
| Cash Generated from Operations (before working capital changes): | 65.82 | (56.86) |
| Net Cash Flows from Operating Activities [A]: | (19.59) | 132.03 |
| Net Cash Flows from Investing Activities [B]: | 18.12 | (116.14) |
| Net Cash Flows from Financing Activities [C]: | (21.71) | (15.85) |
| Net Increase/(Decrease) in Cash and Cash Equivalents [A+B+C]: | (23.18) | 0.04 |
| Cash and Cash Equivalents at Beginning of Year: | 31.34 | 31.30 |
| Cash and Cash Equivalents at End of Year: | 8.16 | 31.34 |
Krishna Ventures reported a profit before tax of Rs. 29.71 lakhs for the year ended 31 March 2026, compared to a loss before tax of Rs. (87.35) lakhs in the previous year. Net cash flows from operating activities were Rs. (19.59) lakhs for the year ended 31 March 2026, against a positive Rs. 132.03 lakhs in the year ended 31 March 2025. Cash and cash equivalents at the end of the year stood at Rs. 8.16 lakhs, compared to Rs. 31.34 lakhs at the beginning of the year.
Regulatory Compliance
The financial results were submitted to BSE Limited pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The declaration of unmodified audit opinion was made by Managing Director Neeraj Gupta in compliance with Regulation 33(3)(d) of the SEBI Listing Regulations, read with SEBI Circular bearing Ref No. CIR/CFD/CMD/56/2016 dated 27 May 2016. The audit report was signed by CA Vivek Mittal (M.N.: 074613), Partner, Vivek Mittal & Associates, at Ghaziabad on 16 May 2026 (UDIN: 26074613OUWPGM7597).
Historical Stock Returns for Krishna Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.30% | +8.78% | +11.31% | +88.43% | +1.77% | +147.70% |
Will Krishna Ventures be able to convert its significantly elevated trade receivables of Rs. 525.80 lakhs into cash in the near term, and what impact could delayed collections have on its liquidity position?
Given the sharp rise in trade payables and current liabilities, what is Krishna Ventures' strategy to manage its short-term debt obligations while cash and cash equivalents remain critically low at Rs. 8.16 lakhs?
With Capital Work-in-Progress still substantial at Rs. 587.49 lakhs, when does the company expect to commission these assets, and how will they contribute to future revenue generation?
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