Shree Marutinandan Tubes reports 27.7% rise in FY26 net profit
Shree Marutinandan Tubes Limited reported a 27.7% increase in net profit to ₹357.74 lakh for FY26, driven by a rise in revenue from operations to ₹14,931.17 lakh. The statutory auditors issued an unmodified opinion but highlighted a lack of provisions for post-employment benefits under AS-15, which would reduce net income and equity if recognized. Earnings per share improved to ₹10.34, while cash and cash equivalents surged to ₹264.23 lakh.
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Shree Marutinandan Tubes Limited reported a 27.7% rise in net profit to ₹357.74 lakh for the financial year ended March 31, 2026, compared to ₹280.13 lakh in the previous year. Revenue from operations increased to ₹14,931.17 lakh from ₹11,389.70 lakh in FY25. The board approved the audited standalone and consolidated financial results at a meeting held on May 26, 2026.
M/s S K Jha & Co., Chartered Accountants, the statutory auditors, issued an unmodified opinion on the financial results. However, the auditors drew attention to a note indicating that the company did not make provisions for post-employment benefits in accordance with AS-15 "Employee Benefits". The report states that had management recognized and made provision for such benefits, net income and shareholders' equity would have been reduced, though the amount was not quantified.
The company reported earnings per share (EPS) of ₹10.34 for the year ended March 31, 2026, up from ₹8.10 in the previous year. Total expenses for the year stood at ₹14,467.30 lakh, compared to ₹11,134.65 lakh in FY25. The finance cost for the year was ₹125.61 lakh, while depreciation and amortisation expenses amounted to ₹51.84 lakh.
Financial Performance
The following table outlines the key financial metrics for the standalone entity for the year ended March 31, 2026:
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 14,931.17 | 11,389.70 |
| Total Income from Operations (net) | 14,942.86 | 11,515.15 |
| Total Expenses | 14,467.30 | 11,134.65 |
| Profit before tax | 471.20 | 374.25 |
| Net Profit | 357.74 | 280.13 |
| Earnings per share (Basic) | 10.34 | 8.10 |
Consolidated Results
The consolidated financial results, which include the figures of joint venture Shree Maruti & Associates Fire Protection Systems, reflected a similar trend. Consolidated revenue from operations for FY26 stood at ₹14,970.76 lakh, while net profit was ₹357.74 lakh. The auditors noted that the financial results of the joint venture, reflecting total assets of ₹44.28 lakhs and revenue of ₹39.58 lakhs, were management-drawn and not audited by them.
The company’s cash and cash equivalents increased to ₹264.23 lakh as of March 31, 2026, from ₹41.90 lakh in the previous year. Shareholders' equity, comprising share capital and reserves, stood at ₹2,551.49 lakh, up from ₹2,193.76 lakh in FY25.
Historical Stock Returns for Shree Marutinandan Tubes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.36% | +16.72% | +15.93% | -18.08% | -29.11% | -67.43% |
How will the company address the auditor's concern regarding the unquantified provisions for post-employment benefits under AS-15 in the upcoming fiscal year?
What strategic initiatives or market conditions contributed to the significant 31% revenue growth, and can this momentum be sustained in FY27?
With cash and cash equivalents increasing more than sixfold, does the company plan to deploy this liquidity for expansion, debt reduction, or dividends?
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