Krupalu Metals Limited reported a net profit of ₹277.23 lakh for the financial year ended March 31, 2026 (FY26), marking a 28.9% increase from ₹215.09 lakh in FY25. The growth was primarily driven by a robust rise in revenue from operations, which climbed 28.7% to ₹6,225.78 lakh against ₹4,838.61 lakh in the previous year. This performance reflects strong demand for its brass and copper products, supported by efficient cost management that maintained the net profit margin at a steady 4.45%. The company also scheduled its 18th Annual General Meeting (AGM) for August 27, 2026, to approve these audited financials and key administrative resolutions.

The Board of Directors approved the AGM notice on August 1, 2026, complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders holding shares as of the record date, August 20, 2026, are eligible to vote electronically via Central Depository Services (India) Limited (CDSL). The remote e-voting facility will be active from August 24, 2026, at 9:00 a.m. until August 26, 2026, at 5:00 p.m., with M/s Sumit Bajaj & Associates appointed as the scrutinizer.

Key Financial Highlights

The company’s financial statements reveal significant operational expansion alongside improved balance sheet metrics. While revenue surged, other income declined sharply from ₹10.98 lakh to ₹1.06 lakh, indicating that the profit growth was operationally driven rather than reliant on non-operating gains.

Governance and Auditor Changes

Under special business at the AGM, shareholders will appoint M/s Sunit M. Chhatbar & Co. (FRN: 141068W) as statutory auditors to fill the casual vacancy left by M/s K M Chauhan & Associates, who resigned effective May 28, 2026. The new auditors are proposed for a five-year term until the 23rd AGM in 2031. Additionally, Executive Director Navinbhai Katariya, who holds 5,18,981 shares, seeks reappointment after retiring by rotation. He has served since May 27, 2013, and brings over 17 years of experience in production management.

What the Numbers Show

A critical observation from the FY26 results is the substantial improvement in the company’s leverage position. The debt-equity ratio improved significantly from 1.37 in FY25 to 0.63 in FY26, reflecting a stronger equity base following an Initial Public Offering (IPO) in September 2025 that raised ₹134.78 million. Despite a sharp rise in short-term borrowings to ₹1,195.60 lakh from ₹703.09 lakh, the current ratio strengthened to 1.75 from 1.40, suggesting enhanced liquidity to meet immediate obligations. However, operating cash flow turned negative at -₹1,104.55 lakh, largely due to increased working capital requirements, including a ₹1,181.06 lakh rise in inventories and ₹448.33 lakh increase in trade receivables, signaling aggressive sales growth that is currently absorbing cash reserves.

Krupalu Metals Limited reported a profit after tax (PAT) of ₹74.10 lakh for the financial year ended March 31, 2026, a decline of 73% from ₹277.23 lakh in the previous year. Revenue from operations for FY26 stood at ₹1,663.25 lakh, significantly lower than the ₹6,225.78 lakh recorded in FY25. The board approved the audited financial results for the half-year and full year on May 28, 2026. The statutory auditors issued an unmodified opinion on the results.

The board took note of the resignation of M/s. K M Chauhan & Associates, Chartered Accountants, from the office of Statutory Auditor effective May 28, 2026. The resignation letter cited pre-occupation and increased audit scope due to recent changes in financial reporting requirements. To fill the casual vacancy, the board appointed M/s. Sunit M. Chhatbar & Co., Chartered Accountants, as the new statutory auditor subject to shareholder approval.

Financial Performance

The company's total income for FY26 was ₹1,663.80 lakh, down from ₹6,226.84 lakh in the previous year. Total expenses for the year were ₹1,565.84 lakh. Basic earnings per share (EPS) for the year decreased to ₹1.85 from ₹5.54 in the prior year. For the half-year ended March 31, 2026, the company reported a PAT of ₹304.55 lakh on revenue of ₹4,277.06 lakh.

Utilization of Issue Proceeds

The company issued 18,72,000 equity shares via a public issue in September 2025, raising ₹1,347.84 lakh. The certificate of utilization of issue proceeds confirmed that funds were utilized for capital expenditure, working capital, and general corporate purposes. There was no deviation or variation in the use of funds raised. The trading window for dealing in the company's securities, which was closed since April 01, 2026, will reopen 48 hours after the declaration of these results.