North Eastern Carrying Corp FY26 net profit falls 24% to ₹775.07 lakh

North Eastern Carrying Corporation Limited reported a 24.4% decline in net profit to ₹775.07 lakh for the financial year ended March 31, 2026, compared to ₹1025.25 lakh in the previous year. Revenue from operations decreased to ₹30804.38 lakh from ₹32872.47 lakh in FY25. The Board of Directors approved the audited financial results at a meeting held on May 29, 2026.

For the quarter ended March 31, 2026, the company posted a net profit of ₹70.01 lakh, a significant drop from ₹176.01 lakh in the corresponding quarter of the previous year. Quarterly revenue from operations stood at ₹9622.98 lakh, up from ₹8809.71 lakh in the same period last year. Total income for the quarter rose to ₹9811.84 lakh.

Financial Performance

The company's total expenses for FY26 were ₹30367.62 lakh, lower than the ₹31639.89 lakh recorded in the previous year. Finance costs increased to ₹930.75 lakh from ₹707.82 lakh in FY25. Earnings per share (EPS) for the year stood at ₹0.78, down from ₹1.03 in the previous year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	30804.38	32872.47
Total Income	31434.37	32943.54
Total Expenses	30367.62	31639.89
Net Profit	775.07	1025.25
EPS (Basic)	0.78	1.03

Audit Qualifications

The statutory auditor, Nemani Garg Agarwal & Co., issued a qualified opinion on the financial results. The qualifications relate to the company not providing a provision for doubtful debts, as management believes debtors are fully realizable, and the fact that debit and credit balances are subject to confirmation. The company stated that debtors are fully realizable and it is in the process of receiving confirmations from concerned parties.

Board Decisions

In addition to the financial results, the Board approved the re-appointment of M/s Sanghi & Co., Chartered Accountant, as Internal Auditor for a period of five consecutive years, from FY 2026-27 to FY 2030-31. The meeting commenced at 1600 Hours and concluded at 1650 Hours.

The audited financial results for the quarter and year ended March 31, 2026 were published in Financial Express (English) and Jansatta (Hindi), both dated May 31, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE553C01016/46bd202a84584d70.pdf

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.26%	-1.82%	-2.83%	-22.66%	-37.62%	+51.96%

[North Eastern Carrying Corporation Limited](north eastern carrying corp.) has re-appointed M/s. Sanghi & Co., Chartered Accountants, as its Internal Auditor for a term of five consecutive financial years. The appointment, approved by the Board of Directors on May 29, 2026, is effective from FY 2026-27 through FY 2030-31. The firm brings over 30 years of professional experience in audit services, including internal audit, risk management, and compliance, having served several reputed companies.

The re-appointment was disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Sanghi & Co. confirmed its eligibility to accept the assignment under Section 138 of the Companies Act, 2013, and declared that it is not disqualified under the Companies Act or SEBI LODR Regulations. The firm is registered under FRN 012619N, with Ram Kishan Sanghi as the proprietor.

Details of Appointment

Particulars	Details
Name of Firm	M/s. Sanghi & Co., Chartered Accountants
Date of Appointment	May 29, 2026
Term	Five consecutive financial years (FY 2026-27 to FY 2030-31)
Firm Registration No.	012619N
PAN No.	AABPS4518A
Proprietor	Ram Kishan Sanghi

The Board's decision ensures continuity in the company's internal audit oversight. M/s. Sanghi & Co. is based at 929, Astralis Tower, Supernova, Sector - 94, Noida, Uttar Pradesh - 201301.