Southern Latex reports annual profit rise in FY26

Southern Latex Limited reported a rise in annual net profit for the financial year ended March 31, 2026, driven by steady revenue from its coir sales segment. The company’s statutory auditors have expressed an unmodified opinion on the results, which were approved by the board on May 22, 2026.

For the full year FY26, the company recorded a net profit of ₹27.50 lakh, an increase from ₹23.15 lakh in the previous year. Total income from operations for the year stood at ₹53.96 lakh, marginally higher than the ₹53.90 lakh reported in FY25. The company operates solely in the coir sales segment.

In the quarter ended March 31, 2026 (Q4FY26), Southern Latex posted a net profit of ₹24.65 lakh. Revenue from operations for the quarter was ₹35.96 lakh. The earnings per share (EPS) for the quarter was ₹0.335 on a basic and diluted basis.

The equity share capital remained unchanged at ₹735.92 lakh for both the quarter and the year. Reserves, excluding revaluation reserve, were reported at (₹31.27) lakh for the current year, improving from (₹58.77) lakh in the previous year.

The audit committee reviewed and recommended the financial results on May 21, 2026. The filing was made to BSE Ltd. pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Summary for FY26 and Q4FY26

Particulars	Year Ended 31.03.2026 (₹ in Lakhs)	Year Ended 31.03.2025 (₹ in Lakhs)	Quarter Ended 31.03.2026 (₹ in Lakhs)
Total Income from Operations	53.96	53.90	35.96
Net Profit for the period	27.50	23.15	24.65
Equity Share Capital	735.92	735.92	735.92
Earnings Per Share (Basic)	0.374	0.315	0.335

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.84%	-4.63%	-11.13%	-57.72%	-18.82%	+210.18%

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.