Microse India Q4FY26 Results: Net loss widens to ₹172.32 lakh
- Net loss widened to ₹172.32 lakh in FY26 from a profit of ₹95.85 lakh in FY25
- Revenue turned negative at ₹118.03 lakh due to F&O trading losses
- Short-term borrowings fell sharply to ₹103.31 lakh from ₹295.21 lakh
- Trade receivables dropped significantly to ₹66.33 lakh from ₹424.27 lakh
- ARK Jain & Associates appointed as internal auditor for FY27
*this image is generated using AI for illustrative purposes only.
Microse India reported a net loss of ₹172.32 lakh for FY26, a sharp reversal from the ₹95.85 lakh profit posted in the prior fiscal year. The company’s total revenue turned negative at ₹118.03 lakh, driven primarily by losses in Futures and Options (F&O) trading activities.
The Board of Directors approved the audited financial results on May 28, 2026. In other corporate developments, Microse India appointed M/s ARK Jain & Associates as its internal auditors for FY27, replacing M/s Laddha & Laddha.
Financial Performance
Total expenses rose to ₹62.06 lakh in FY26 from ₹40.57 lakh in FY25. This increase was largely attributable to higher other expenses and changes in inventory valuation, despite stable employee benefit costs.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹(118.23) lakh | ₹136.27 lakh | Negative swing |
| Total Expenses | ₹62.06 lakh | ₹40.57 lakh | Increase |
| Net Profit/(Loss) | ₹(172.32) lakh | ₹95.85 lakh | Turn to loss |
| EPS (Basic/Diluted) | ₹(5.39) | ₹3.19 | Decline |
Revenue from operations stood at ₹(118.23) lakh, compared to ₹136.27 lakh in the previous year. Note 5 of the filing clarifies that revenue mainly includes losses arising from F&O trading activities.
Balance Sheet Signals
As of March 31, 2026, total assets contracted to ₹152.97 lakh from ₹506.85 lakh a year earlier. This reduction was led by a significant drop in trade receivables, which fell to ₹66.33 lakh from ₹424.27 lakh.
Short-term borrowings decreased substantially to ₹103.31 lakh from ₹295.21 lakh. However, shareholders’ funds declined to ₹45.07 lakh from ₹207.03 lakh, reflecting the accumulated impact of the current year’s losses on reserves and surplus.
What the Numbers Show
The divergence between operating cash flow and net loss highlights the impact of working capital adjustments. While the company posted a pre-tax loss of ₹180.09 lakh, cash generated from operating activities was positive at ₹197.20 lakh. This was primarily driven by a ₹357.94 lakh decrease in trade receivables, indicating significant collection or write-off activity that offset the operational deficit.
Corporate Governance
The Board noted the resignation of M/s Laddha & Laddha as internal auditors effective May 31, 2026. M/s ARK Jain & Associates (FRN-021769C) was appointed as the new internal auditor for the financial year 2026-27. The trading window for designated persons will open 48 hours after the declaration of results.
Historical Stock Returns for Microse
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Will Microse India revise its FY27 business strategy to reduce reliance on high-risk F&O trading activities following the significant revenue swing?
How will the substantial decline in shareholders' funds to ₹45.07 lakh impact the company's ability to secure future financing or meet regulatory capital requirements?
What specific measures is management implementing to address the rising trend in 'other expenses' that contributed to the 53% increase in total costs?
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