Olympic Cards reported a standalone net loss of ₹106.96 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a net loss of ₹102.21 lakh in the same period last year. The company’s revenue from operations rose 16.4% year-on-year to ₹251.84 lakh, up from ₹216.89 lakh in Q1FY26.

The widening loss occurred despite top-line growth, driven primarily by a significant increase in changes in inventories of stock in trade, which rose to ₹212.58 lakh from ₹134.78 lakh in the prior year quarter. Finance costs also contributed to the pressure on margins, standing at ₹32.16 lakh against ₹38.38 lakh in Q1FY26, while depreciation expenses increased to ₹41.11 lakh from ₹31.33 lakh.

Financial Performance

For the full financial year ended March 31, 2026 (FY26), the company posted a net loss of ₹25.94 lakh, a significant improvement from the ₹439.06 lakh loss recorded in FY25. Annual revenue for FY26 stood at ₹1,043.50 lakh, up from ₹940.89 lakh in FY25.

What the Numbers Show

A notable divergence in the quarterly results is the absence of other income in Q1FY27, which stood at ₹0.00 lakh compared to ₹0.46 lakh in Q1FY26 and a substantial ₹232.92 lakh in FY26. This indicates that the previous year’s bottom-line improvement was partly supported by non-operating gains that did not recur in the current quarter, leaving the core operational losses more pronounced.

Corporate Actions

At its meeting held on August 12, 2026, the Board of Directors approved several key administrative matters:

• AGM Schedule: The 34th Annual General Meeting is scheduled for Monday, September 7, 2026, at 10:00 am via Video Conference / Other Audio Visual Means.
• Director Appointments: The Board approved the appointment of Mr. Nagayasamy Rajkumar as an Independent Director for a five-year term commencing September 7, 2026. It also approved the continuation of Mr. Alagarsamy Uthandan as an Independent Director beyond the age of 75 years.
• Compliance: The Board noted that GST current dues are nil, though appeals against old demands remain pending. Employees’ Provident Fund payments were made up to March 31, 2026, while Employee State Insurance contributions for March 2024 to June 2026 amounting to ₹46,063 remain unpaid.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board. Subramanian & Associates served as the statutory auditors for the limited review.

Olympic Cards Limited , a Chennai-based manufacturer and trader of wedding cards and related paper products, approved its audited standalone financial results for the quarter and financial year ended March 31, 2026, at a Board of Directors meeting held on May 18, 2026. The results were prepared in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reviewed by the Audit Committee prior to board approval. The company operates primarily in the "Paper and Paper Products" segment, with no separate reportable segment under Accounting Standard 17.

Financial Performance Overview

Olympic Cards Limited recorded a notable improvement in its financial performance for FY26. Total income from operations rose to ₹1,276.42 lakhs from ₹963.27 lakhs in FY25, while the net loss after tax narrowed sharply to ₹25.94 lakhs compared to ₹439.06 lakhs in the previous year. The following table summarises the key financial metrics:

For FY26, net sales/income from operations stood at ₹1,043.50 lakhs against ₹940.89 lakhs in FY25. Other income for the full year was ₹232.92 lakhs compared to ₹22.38 lakhs in FY25. Total expenses for FY26 were ₹1,523.82 lakhs versus ₹1,412.68 lakhs in FY25.

Balance Sheet Highlights

The company's total assets as on March 31, 2026 stood at ₹2,560.08 lakhs, compared to ₹4,497.01 lakhs as on March 31, 2025. Key balance sheet items are presented below:

Net worth as reported in the Statement of Impact of Audit Qualifications stood at ₹105.06 lakhs. Reserves (excluding revaluation reserve) as at March 31, 2026 were (₹1,525.31) lakhs.

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was (₹508.16) lakhs, compared to a net cash inflow of ₹315.20 lakhs in FY25. Net cash from investing activities was ₹1,769.80 lakhs, driven primarily by sale proceeds of fixed assets amounting to ₹1,801.04 lakhs. Net cash used in financing activities was (₹1,235.78) lakhs. Cash and cash equivalents at the end of the period stood at ₹29.26 lakhs, up from ₹3.40 lakhs at the beginning of the period.

Auditor's Qualified Opinion and Regulatory Disclosures

Statutory auditors Subramanian & Associates issued a qualified opinion on the standalone financial statements for FY26. The qualification pertains to the non-confirmation of balances of trade receivables (₹116.81 lakhs), trade payables (₹671.71 lakhs), advances from customers (₹184.79 lakhs), and advances to suppliers (₹41.57 lakhs) as on March 31, 2026. The auditors noted that management did not provide details to obtain direct confirmations from customers and suppliers, and accordingly, they were unable to conclude whether adjustments to these balances are required. This qualification is stated to be continuing since the previous year. Additionally, the auditors noted that the company has not used accounting software with an audit trail (edit log) feature for maintaining its books of account.

The company also disclosed the following regulatory and compliance matters:

• GST Dues (FY 2018-19): Outstanding amounts of ₹2,17,22,955/-, ₹32,48,564/-, ₹2,85,252/-, and ₹39,68,212/-; appeal petitions have been filed with the concerned authorities.
• EPF Dues: Employees' Provident Fund of ₹4,06,710/- was not remitted within the due date for the period from November 1, 2025 to March 2026, excluding applicable penalty and interest.
• ESI Dues: Employees' State Insurance amount of ₹59,511/- was not paid for the period from December 2025 to March 2026, excluding applicable penalty and interest.
• No Dividend: The Board has not recommended any dividend for the year 2025-26.

Corporate Developments

The Board approved the appointment of Mr. N. Mohamed Iqbal, brother of Managing Director Mr. N. Mohamed Faizal, as Manager (Marketing) with a remuneration of ₹49,000/- per month with effect from May 18, 2026. The Audit Committee and Board also approved related party transactions, including interest-free loan(s) from directors not exceeding ₹5 Crores and other related party transactions not exceeding ₹7 Crores during the financial year 2027-28. The paid-up equity share capital of the company remains at ₹1,630.87 lakhs, comprising 1,63,08,700 equity shares of face value ₹10/- each.