Octavius Plantations FY26 net profit falls 3.6% to ₹83.86 lakh
Octavius Plantations reported a 3.6% decline in net profit to ₹83.86 lakh for FY26, even as total income surged to ₹6,464.04 lakh from ₹2,875.58 lakh in the previous year. The statutory auditor issued a qualified opinion, citing the absence of actuarial valuations for employee benefits and non-compliance with accounting standards for biological assets. Total assets increased to ₹4,471.19 lakh, while current liabilities rose sharply to ₹2,402.54 lakh.
*this image is generated using AI for illustrative purposes only.
Octavius Plantations reported a net profit of ₹83.86 lakh for the financial year ended March 31, 2026, a decrease of 3.6% compared to ₹87.01 lakh in the previous year. Total income for the period increased significantly to ₹6,464.04 lakh from ₹2,875.58 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹16.33 lakh on a total income of ₹3,847.30 lakh.
The Board of Directors approved the audited standalone financial results at its meeting held on May 28, 2026. The results were reviewed and recommended by the Audit Committee prior to the Board's approval.
V. Singhi & Associates, the statutory auditor, issued a qualified opinion on the annual financial results. The auditor noted that the company did not obtain actuarial valuation for gratuity and other defined employee benefit obligations as required under Ind AS 19. Instead, a provision of ₹0.14 lakh was made on an estimated basis. Additionally, the company has not evaluated the impact of the notified Labour Codes on employee benefit obligations.
The auditor also highlighted that bearer plants and biological assets were not accounted for in accordance with Ind AS 16 and Ind AS 41, respectively. Consequently, the impact of these matters on the financial results could not be determined.
The statement of assets and liabilities as of March 31, 2026, showed total assets of ₹4,471.19 lakh, up from ₹2,996.40 lakh in the previous year. Total equity stood at ₹1,986.40 lakh, while current liabilities increased to ₹2,402.54 lakh from ₹997.16 lakh in FY25.
Financial Results for FY26
| Particulars | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|
| Total Income | 6,464.04 | 2,875.58 |
| Total Expenses | 6,362.83 | 2,780.32 |
| Profit Before Tax | 101.20 | 95.26 |
| Net Profit After Tax | 83.86 | 87.01 |
| Earnings Per Share (Basic) | 2.80 | 2.90 |
Key Financial Metrics
| Metric | Value (₹ in Lakhs) |
|---|---|
| Cash and Cash Equivalents | 15.24 |
| Trade Receivables | 834.14 |
| Inventories | 926.36 |
| Borrowings (Current) | 1,954.95 |
The company's cash flow from operating activities for the year was ₹165.73 lakh, while investing activities resulted in a net outflow of ₹1,293.62 lakh. Financing activities provided a net inflow of ₹1,109.23 lakh.
Historical Stock Returns for Octavius Plantations
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.40% | +4.58% | +12.41% | -8.28% | +52.09% |
How will the company address the auditor's qualified opinion regarding the non-compliance with Ind AS 19 and Ind AS 41 in the next fiscal year?
What steps will Octavius Plantations take to evaluate and mitigate the potential impact of the notified Labour Codes on employee benefit obligations?
Given the significant increase in current liabilities, what strategies will the company employ to manage its short-term debt obligations?
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