Retina Paints FY26 net profit falls 51% despite revenue rise
Retina Paints reported a 51% decline in net profit to ₹6.39 million for FY26, despite revenue from operations rising to ₹237.41 million. Total expenses increased to ₹228.97 million, leading to a drop in profit before tax to ₹9.62 million. The board approved the re-appointment of internal, secretarial, and tax auditors for FY27 and confirmed compliance with SEBI regulations.

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Retina Paints reported a net profit of ₹6.39 million for the financial year ended March 31, 2026, a decline of 51% from ₹13.04 million in the previous year. Revenue from operations for the year rose to ₹237.41 million, compared to ₹206.24 million in FY25. The board approved the audited standalone financial results and the re-appointment of statutory auditors for FY27 at its meeting held on May 28, 2026.
Financial Performance
The company's total income for FY26 stood at ₹238.59 million, up from ₹210.09 million in the previous year. Total expenses increased to ₹228.97 million from ₹191.58 million in FY25. The profit before tax for the year was ₹9.62 million, down from ₹18.51 million in the corresponding period last year. Earnings per share (EPS) for the year decreased to ₹0.42 from ₹0.85 in FY25.
Auditor Appointments
The board approved the re-appointment of M/s. M M R S & Co as Internal Auditors, M/s. MVK & Associates as Secretarial Auditors, and M/s. KP Associates as Tax Auditors for the financial year 2026-27. The statutory auditors, CMT & Associates, issued an unmodified audit report on the financial results.
Key Financial Metrics
| Metric | FY26 (₹ in Thousands) | FY25 (₹ in Thousands) |
|---|---|---|
| Revenue from Operations | 2,37,409.83 | 2,06,242.23 |
| Total Income | 2,38,591.18 | 2,10,093.83 |
| Total Expenses | 2,28,969.50 | 1,91,583.63 |
| Profit Before Tax | 9,621.68 | 18,510.20 |
| Net Profit | 6,391.49 | 13,039.42 |
| Earnings Per Share (Basic) | 0.42 | 0.85 |
Borrowings and Compliance
The company disclosed that its outstanding qualified borrowings at the end of FY26 were ₹19.28 crore, compared to ₹9.84 crore at the start of the financial year. Incremental borrowing during the year amounted to ₹9.44 crore. The financial results were reviewed and recommended by the audit committee and are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Retina Paints
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.09% | -4.44% | -10.40% | -40.93% | -17.34% | +40.98% |
What strategic measures will Retina Paints implement to curb the rising expenses that outpaced revenue growth?
How does the company plan to utilize the significant increase in borrowings to improve profitability in FY27?
Will the rising debt burden impact the company's ability to maintain dividend payouts or fund future expansion?





























