Shanti Overseas reports widened net loss in FY26
Shanti Overseas (India) Limited reported a widened consolidated net loss of ₹749.63 lakh for FY26, with revenue dropping to ₹1,392.48 lakh. The audited financial results were approved by the Board on May 30, 2026.
*this image is generated using AI for illustrative purposes only.
Shanti Overseas (India) Limited reported a widened consolidated net loss of ₹749.63 lakh for the financial year ended March 31, 2026, compared to a loss of ₹279.25 lakh in the previous year. Revenue from operations fell to ₹1,392.48 lakh from ₹2,384.10 lakh in FY25, primarily driven by a decline in business activities. The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, on May 30, 2026.
The standalone financial results for FY26 showed a net loss of ₹748.58 lakh, with revenue from operations dropping to ₹432.00 lakh from ₹2,265.94 lakh in the prior year. Total expenses for the standalone entity stood at ₹1,166.91 lakh, significantly higher than the revenue, leading to a loss before tax of ₹246.64 lakh. The company reported a basic and diluted earnings per share (EPS) of (₹6.74) for the year.
Consolidated Performance
On a consolidated basis, the company’s total income for FY26 was ₹1,883.21 lakh, a decrease from ₹2,497.56 lakh in FY25. Total expenses rose to ₹2,130.89 lakh from ₹2,852.68 lakh in the previous year. The profit before tax for the period was a loss of ₹247.68 lakh. The basic and diluted EPS for the consolidated results was (₹6.75).
Key Financial Metrics
| Metric | FY26 (₹ in lakhs) | FY25 (₹ in lakhs) |
|---|---|---|
| Consolidated Revenue from Operations | 1,392.48 | 2,384.10 |
| Consolidated Net Profit/(Loss) | (749.63) | (279.25) |
| Standalone Revenue from Operations | 432.00 | 2,265.94 |
| Standalone Net Profit/(Loss) | (748.58) | (247.66) |
| Total Consolidated Income | 1,883.21 | 2,497.56 |
Auditor's Observations
The statutory auditors, B. L. Dasharda & Associates, issued an unmodified opinion on the financial results. However, the auditor's report included an emphasis of matter regarding the company's 100% subsidiary, Shaan Agro Oils and Extraction Private Limited. The subsidiary reported a negative net worth of ₹537.87 lakh as of March 31, 2026. Consequently, the company did not make any provision for diminution in the value of investments amounting to ₹456.00 lakh or for loans outstanding from the subsidiary amounting to ₹150.91 lakh.
The trading window for the company's securities will open on June 02, 2026, following the closure of the trading window period in accordance with the Company's Code of Conduct for Prohibition of Insider Trading.
Historical Stock Returns for Shanti Overseas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.45% | -1.63% | -6.36% | -27.93% | -72.22% | -70.53% |
What specific strategic measures will management implement to reverse the sharp decline in revenue from operations?
Does the company plan to restructure or divest its subsidiary, Shaan Agro Oils, given its negative net worth?
How will the company address the potential liquidity risks associated with the significant outstanding loans from the loss-making subsidiary?
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