Sheshadri Industries FY26 net profit falls 74% to ₹215.61 lakh
Sheshadri Industries Limited reported a 74% decline in net profit to ₹215.61 lakh for FY26, with revenue marginally increasing to ₹2,824.65 lakh. The statutory auditors issued a qualified opinion regarding unpaid TDS interest and long-pending payables. The Board approved the results and appointed internal auditors for FY27.

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Sheshadri Industries Limited reported a net profit of ₹215.61 lakh for the financial year ended March 31, 2026, a decline of 74% from ₹837.21 lakh in the previous year. Revenue from operations rose marginally to ₹2,824.65 lakh compared to ₹2,820.02 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.
The company’s total income for FY26 stood at ₹3,405.41 lakh, down from ₹3,445.86 lakh in the previous year. Total expenses decreased to ₹2,961.97 lakh from ₹3,090.49 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹96.79 lakh, while revenue from operations was ₹749.94 lakh.
Financial Performance
The following table outlines the key financial metrics for the year ended March 31, 2026, compared to the prior year:
| Particulars | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 2,824.65 | 2,820.02 |
| Total Income | 3,405.41 | 3,445.86 |
| Total Expenses | 2,961.97 | 3,090.49 |
| Net Profit for the period | 215.61 | 837.21 |
| Earnings Per Share (Basic) | 4.35 | 16.88 |
The company’s net worth stood at negative ₹874.68 lakh as of March 31, 2026, compared to negative ₹1,090.30 lakh in the previous year. Total assets decreased to ₹2,961.97 lakh from ₹3,297.13 lakh, while total equity and liabilities also reduced to ₹2,961.97 lakh from ₹3,297.13 lakh.
Audit Qualifications
K.S. Rao & Co., Chartered Accountants, the statutory auditors, issued a qualified opinion on the financial results. The qualifications relate to the non-provision of interest payable on outstanding unpaid Tax Deducted at Source (TDS) dues amounting to ₹31.23 lakh. Additionally, the auditors noted long-pending payables aggregating to ₹648.82 lakh and capital advances of ₹21.33 lakh for which the limitation period has expired, stating they were unable to determine if adjustments were required due to insufficient evidence.
Other Disclosures
The Board approved the appointment of M/s. Lans & Co., Chartered Accountants, as internal auditors for the financial year 2026-27. Despite accumulated losses of ₹1,706.67 lakh and current liabilities exceeding current assets, the financial statements have been prepared on a going concern basis, considering the market value of the company's immovable properties.
Historical Stock Returns for Sheshadri Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -9.93% | +6.06% | -12.06% | -17.61% | +110.34% |
What specific measures will management take to address the audit qualifications regarding long-pending payables and expired capital advances?
Given the negative net worth and accumulated losses, does the company plan to raise capital or divest immovable properties to improve its financial position?
How will the company manage the potential liability and penalties arising from the non-provision of unpaid TDS interest?





























