Silky Overseas Limited reported a 34.6% decline in net profit to ₹678.47 lakh for the financial year ended March 31, 2026, down from ₹1,038.04 lakh in the previous year. Revenue from operations decreased 13% to ₹10,770.84 lakh compared to ₹12,382.20 lakh in FY25, primarily impacted by higher material costs and operational expenses. The company’s board approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹61.29 lakh, a reversal from the net profit of ₹260.21 lakh in the same period last year. Revenue from operations for the quarter stood at ₹1,250.18 lakh, significantly lower than the ₹2,365.60 lakh recorded in the corresponding quarter of the previous year. Total expenses for the quarter rose to ₹1,335.45 lakh from ₹2,113.94 lakh in the prior year period.

Financial Performance

The annual financial results indicate pressure on margins, with total expenses for FY26 increasing to ₹9,851.67 lakh from ₹11,032.73 lakh in the previous year. The cost of materials consumed surged to ₹6,912.58 lakh from ₹6,745.65 lakh. Finance costs also rose to ₹212.36 lakh from ₹190.37 lakh in FY25. Despite the revenue decline, the company’s earnings per share (EPS) for the year stood at ₹11.59, down from ₹23.26 in the previous year.

Corporate Approvals

Alongside the financial results, the board approved availing a car loan facility amounting to ₹24.17 lakh from Bank of Baroda, Parliament Street Branch. Additionally, the board considered and approved a proposal to avail financial assistance under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, introduced by the Government of India to support MSMEs and the aviation industry facing liquidity constraints due to the West Asia crisis.

The board also took note of an order from the Regional Director (Northern Region) approving the shifting of the registered office from the National Capital Territory of Delhi to the State of Haryana. The certified copy of the order was filed with the Registrar of Companies on May 15, 2026. Director Mr. Ananya Goyal was authorized to sign and file necessary forms related to this shift.

Auditor and Compliance

The audited financial results were reviewed by the statutory auditor, Manish Pandey & Associates, Chartered Accountants. The auditor issued an unmodified opinion on the results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the results were prepared in accordance with the recognition and measurement principles of Accounting Standards prescribed under the Companies Act, 2013.