Southern Latex FY26 Net Profit Rises 18.8% to ₹27.50 Lakh
Southern Latex Limited announced its audited financial results for the year ended March 31, 2026, reporting a net profit of ₹27.50 lakh, an increase from ₹23.15 lakh in the previous year. Revenue from operations was nil, with total income of ₹53.96 lakh derived from other income. Total expenses decreased to ₹21.38 lakh. The Board approved the financial statements on May 21, 2026, and the trading window for insiders remains closed until 48 hours after the results are public.
*this image is generated using AI for illustrative purposes only.
Southern Latex Limited has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a net profit of ₹27.50 lakh for the year, marking an increase compared to the ₹23.15 lakh recorded in the previous year. For the quarter ended March 31, 2026, the net profit stood at ₹24.65 lakh.
The company operates solely in the coir sales segment. Revenue from operations remained nil for both the quarter and the year under review. Total income for the year was ₹53.96 lakh, driven entirely by other income, which rose from ₹53.90 lakh in the prior year. Total expenses for the year decreased to ₹21.38 lakh from ₹26.47 lakh in the previous fiscal year.
Financial Performance
The Board of Directors, in its meeting held on May 21, 2026, approved the audited standalone financial statements and the Board's Report for the year ended 2025-26. The statutory auditors issued an audit report with an unmodified opinion on the financial results.
| Metric | Year Ended Mar 31, 2026 (₹ in Lakhs) | Year Ended Mar 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Total Income | 53.96 | 53.90 |
| Total Expenses | 21.38 | 26.47 |
| Profit Before Tax | 32.58 | 27.43 |
| Net Profit | 27.50 | 23.15 |
| Basic EPS (₹) | 0.374 | 0.320 |
Balance Sheet Highlights
As per the balance sheet dated March 31, 2026, the company's total assets stood at ₹708.82 lakh, up from ₹690.40 lakh in the previous year. Equity share capital remained constant at ₹735.92 lakh. The company's cash and cash equivalents decreased to ₹3.11 lakh as of March 31, 2026, compared to ₹8.47 lakh a year earlier.
Corporate Governance
Pursuant to SEBI regulations, the trading window for insiders remains closed from April 1, 2026, until 48 hours after the audited financial results are made public. The company confirmed that the meeting commenced at 2:00 p.m. and concluded at 3:00 p.m. The date for the Annual General Meeting will be communicated in due course.
Historical Stock Returns for Southern Latex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.73% | -1.75% | -10.37% | -63.39% | -14.86% | +255.91% |
Will Southern Latex Limited take any strategic steps to revive revenue from its core coir sales segment, given that operations have generated nil revenue for consecutive fiscal years?
How sustainable is the company's profitability model if it continues to rely entirely on other income rather than operational revenue, and what risks could threaten this income stream?
With equity share capital of ₹735.92 lakh significantly exceeding total assets of ₹708.82 lakh, what plans does the company have to address its negative net worth position?
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