Parshwanath Corporation reports net loss in FY26
Parshwanath Corporation Limited reported a net loss of ₹3.20 lakh for FY26 against a net profit of ₹55.48 lakh in FY25, with revenue dropping to ₹62.33 lakh. The Board approved the audited financial results on May 28, 2026, and noted the financial impact of new labour codes.
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Parshwanath Corporation Limited reported a net loss of ₹3.20 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹55.48 lakh recorded in the previous year. The company's revenue from operations fell to ₹62.33 lakh in FY26 from ₹70.19 lakh in FY25. The statutory auditors, M/s MBD & Co. LLP, issued an unmodified opinion on the standalone audited financial results approved by the Board on May 28, 2026.
For the quarter ended March 31, 2026, the company reported a net loss of ₹35.85 lakh, contrasting with a net profit of ₹0.95 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹11.72 lakh, slightly lower than the ₹12.46 lakh reported in the same period last year. Total income for the quarter decreased to ₹12.32 lakh from ₹33.21 lakh year-on-year.
Financial Performance
The company's total expenses for FY26 increased to ₹131.32 lakh from ₹91.83 lakh in the prior year. Employee benefit expenses rose to ₹47.75 lakh from ₹42.66 lakh, while other expenses stood at ₹47.84 lakh compared to ₹48.76 lakh in FY25. The company recorded an impairment loss on financial assets of ₹15.73 lakh during the year.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 62.33 | 70.19 |
| Total Income | 118.83 | 151.75 |
| Total Expenses | 131.32 | 91.83 |
| Net Profit / (Loss) | (3.20) | 55.48 |
| Basic EPS (₹) | (0.10) | 1.77 |
Balance Sheet and Cash Flows
The company's total assets as of March 31, 2026, stood at ₹1,246.27 lakh, marginally higher than ₹1,236.25 lakh in the previous year. Equity share capital remained constant at ₹313.18 lakh. Cash and cash equivalents dropped significantly to ₹0.67 lakh from ₹1,132.99 lakh at the end of FY25. The net cash flow from operating activities was negative at ₹1,196.07 lakh, primarily due to changes in working capital.
The Board of Directors approved the financial results at its meeting held on May 28, 2026. The results were prepared in accordance with the Indian Accounting Standards (Ind AS). The company noted that the new labour codes, effective from November 21, 2025, have been evaluated, and the resulting financial impact has been recognised in the standalone audited financial results for FY26 based on management estimates.
Historical Stock Returns for Parshwanath Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -12.45% | -16.27% | -10.74% | -27.55% | +210.07% |
What specific measures will management implement to reverse the sharp decline in cash reserves given the negative operating cash flow?
How does the company plan to address the rising employee benefit expenses and the impact of the new labour codes on future profitability?
Are the impairment losses on financial assets expected to continue into the next financial year, or was this a one-time adjustment?
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