Neetu Yoshi Limited reported a 52.03% year-on-year increase in net profit to ₹25.01 Cr for the financial year ended March 31, 2026, driven by a 43.47% rise in total income to ₹101.59 Cr. The strong performance was supported by operational excellence and disciplined cost management. For the second half of FY26, total income grew 56.61% to ₹55.63 Cr, while net profit rose 58.61% to ₹13.47 Cr. The company filed an investor presentation detailing its financial performance for the period with the BSE on June 04, 2026, and subsequently submitted the audio recording of the earnings conference call on June 05, 2026.

The board approved the audited standalone and consolidated financial results for the half year and full year ended March 31, 2026. The statutory auditors, Bagaria & Co. LLP, issued an unmodified opinion on the results. The company strengthened its relationship with Indian Railways and expanded its private sector portfolio during the year.

Financial Performance

Operational Highlights

The company received ₹18.64 Cr in purchase orders from Government Railways and private sector clients during the period for the supply of castings, machined components, and railway rolling stock parts. Neetu Yoshi Limited secured fresh RDSO registration approval for Silico-Manganese & Manganese Steel Liners & Wear Plates, enabling participation in railway procurement tenders.

The company has relocated its proposed manufacturing plant to Haridwar, Uttarakhand, to enhance operational efficiency and logistics. Total assets as of March 31, 2026, stood at ₹14,750.40 lakh, compared to ₹6,324.56 lakh in the previous year, largely attributed to IPO proceeds. The company utilized ₹6,569.81 lakh of the total IPO proceeds, primarily for setting up a new manufacturing facility.

Future Guidance

Management provided a revenue guidance of ₹210 Cr to ₹220 Cr for FY27, with PAT margins expected to remain around 25%. The company targets a peak revenue of approximately ₹340 Cr to ₹350 Cr from both the old and new plants in the following financial year. The new bogie manufacturing facility is scheduled to commence operations in June 2026, with the first invoices expected in the same month. The order book as of the earnings call date stood at over ₹140 Cr to ₹150 Cr, executable within the current financial year.

Neetu Yoshi Limited shareholders have approved the issuance of convertible warrants on a preferential basis to members belonging to the promoter or promoter group and others. The resolution was passed with a 100% majority during an Extra-Ordinary General Meeting (EGM) held on May 25, 2026, via Video Conferencing and Other Audio-Visual Means.

Voting Results

The special resolution received unanimous support across both remote e-voting and e-voting conducted during the meeting. A total of 14 shareholders participated, casting votes for 28,975,508 valid shares, all of which were in favour of the resolution. No votes were cast against the proposal.

Meeting Proceedings

The meeting was chaired by Mr. Himanshu Lohia, Managing Director of the company. Mr. Ravi Shankar, Practicing Company Secretary, was appointed as the Scrutinizer to examine the voting process. The remote e-voting facility was available from May 22, 2026, to May 24, 2026, and the e-voting facility remained open for 15 minutes after the conclusion of the EGM. The proceedings were conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.