Macfos Limited resubmitted its consolidated audited financial results for the quarter, half year, and year ended 31st March 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resubmission, dated 12th May 2026, was necessitated by a clerical error identified in the Consolidated Cash Flow Statement, wherein the line items "Inventories" and "Trade Receivables" were inadvertently interchanged in their respective positions. The company confirmed that all other financial data, figures, disclosures, and statements forming part of the audited financial results remain entirely unchanged.

Nature of the Correction

The Company Secretary and Compliance Officer, Sagar Gulhane, communicated the correction to the BSE Corporate Relationship Department, clarifying that the error was purely clerical in nature. The revised Consolidated Financial Results have been resubmitted with the correct positioning of the two line items in the Consolidated Cash Flow Statement. The Board of Directors had originally approved the audited financial results at their meeting held on 28th April 2026, and the statutory auditors, Kishor Gujar & Associates, Chartered Accountants (Firm Registration No. 116747W), issued an unmodified audit opinion on both standalone and consolidated results.

Standalone Financial Performance — Year Ended 31st March 2026

The standalone audited financial results reflect strong revenue growth for the year ended 31st March 2026. The following table summarises the key standalone financial metrics:

On the standalone balance sheet as at 31st March 2026, total assets stood at INR Rs. 16,021.50 lacs compared to INR Rs. 10,792.54 lacs as at 31st March 2025. Shareholders' funds increased to INR Rs. 9,596.65 lacs from INR Rs. 7,031.77 lacs, reflecting the growth in reserves and surplus. Inventories were reported at INR Rs. 7,957.15 lacs and trade receivables at INR Rs. 1,325.12 lacs as at 31st March 2026.

Consolidated Financial Performance — Year Ended 31st March 2026

The consolidated results encompass Macfos Limited (Holding/Parent Company), Nuo Zhan Technologies Limited (Wholly Owned Subsidiary), and Macfos Electronics Private Limited (99.99% subsidiary). The consolidated financial highlights for the year ended 31st March 2026 are presented below:

On the consolidated balance sheet as at 31st March 2026, total assets stood at INR Rs. 16,019.03 lacs against INR Rs. 10,790.23 lacs as at 31st March 2025. Consolidated shareholders' funds were reported at INR Rs. 9,586.74 lacs. The consolidated cash flow statement — the subject of the resubmission — shows net cash used in operating activities of INR Rs. (799.85) lacs, net cash used in investing activities of INR Rs. (333.39) lacs, and net cash from financing activities of INR Rs. 1,287.77 lacs for the year ended 31st March 2026, with cash and cash equivalents at the end of the year at INR Rs. 183.25 lacs.

Bonus Share Issuance and Auditor Details

During the financial year 2025-26, on 11th March 2026, the company issued 941,682 bonus equity shares of ₹10 each in the ratio of 1 (one) equity share for every 10 (ten) existing equity shares held by shareholders, by capitalising the Securities Premium Account. In accordance with Accounting Standard 20 — Earnings Per Share, the basic and diluted EPS for all periods presented have been adjusted retrospectively for the change in the number of equity shares. The audit was conducted by Kishor Gujar & Associates, Chartered Accountants, with CA Laxmi U Rawat (Membership No. 134752) as the signing partner, and the firm holds a valid peer review certificate from the Peer Review Board of ICAI, valid up to 30th June 2028. The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 28th April 2026.

Macfos Limited held its earnings conference call on April 30, 2026, providing detailed insights into the company's strong FY26 performance and strategic direction. The specialized electronics e-commerce company, operating through its Robu.in platform, demonstrated robust growth across key financial metrics while outlining its dual-focus business strategy.

Financial Performance Highlights

The company achieved significant financial milestones during FY26, with Chairman and Managing Director Atul Dumbre reporting revenue of ₹312 crore. On a like-to-like basis, excluding one-time bulk sales of ₹71.38 crore in H1 FY25, this represents strong year-on-year growth of 67% in revenue, 103% in EBITDA, and 105% in PAT.

Data Corrections and Methodology Changes

During the earnings call, management clarified several data discrepancies in their updated presentation. The total orders served in H2 FY26 was corrected from 3 lakh to 2,67,126 due to a typographical error. Additionally, the company revised its methodology for calculating unique website and app visitors to ensure quarter-to-quarter tracking consistency and avoid confusion with historical data.

Strategic Business Framework: Robu 1.0 and 2.0

Management outlined their strategic approach centered on two distinct focus areas. Robu 1.0 represents the core electronics distribution business, serving as the backbone of operations with emphasis on quality technology products, competitive pricing, and reliable customer service. This segment continues to drive the majority of revenue growth.

Robu 2.0 focuses on developing proprietary products, particularly in the drone segment, with increasing acceptance of in-house solutions. The company has developed approximately 300 SmartElex modules and 5-10 drone products over the past two years, with products now being distributed through multiple channels including Amazon and other marketplaces.

Market Dynamics and Growth Drivers

The management emphasized robust demand across their product categories, with increased traction from corporate customers and encouraging repeat purchases. Average order value showed substantial improvement, reaching ₹6,111 compared to ₹4,632 in the previous year, driven by market maturation and expanded product portfolio.

Operational Excellence and Future Outlook

The company continues investing in capability enhancement, including customer support experience, product portfolio expansion, IT system upgrades, and fulfillment infrastructure improvements. Management expressed confidence in sustaining growth trajectory despite global uncertainties, citing the resilience of their business model.

Regarding proprietary products under Robu 2.0, management targets approximately 10% higher gross margins compared to distribution products. While not providing specific revenue targets for this segment, they emphasized its strategic importance for long-term margin control and market positioning.

Margin Strategy and Inventory Management

The company demonstrated improved margin discipline, with management noting conscious efforts to maintain pricing power while balancing competitive dynamics. Inventory management remains a key focus area, with the company comfortable managing debt levels as inventory converts to revenue efficiently.

Management clarified their approach to growth financing, emphasizing that debt primarily converts to inventory, which subsequently generates revenue. They expressed confidence in this model's sustainability given their strong inventory rotation and demand forecasting systems.

Source: None/Company/INE0OLH01013/ab2d4550-d038-40a2-a828-52cd8bc33108.pdf