Surbhi Industries FY26 Results: Net Profit at ₹198.72 Lakh, Auditors Issue Clean Opinion
Surbhi Industries Limited reported standalone audited FY26 net profit of ₹198.72 lakh on revenue of ₹3153.86 lakh, with total assets rising to ₹4503.51 lakh. For Q4 FY26, net profit improved to ₹87.73 lakh from ₹52.91 lakh year-on-year. Ghael Choksi & Company issued an unmodified audit opinion, confirming adequate internal financial controls and regulatory compliance.
*this image is generated using AI for illustrative purposes only.
Surbhi Industries Limited has released its standalone audited financial results for the fiscal year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 15, 2026. The company reported a net profit of ₹198.72 lakh for the full fiscal year, a decline from ₹329.25 lakh in the previous year. Statutory auditors Ghael Choksi & Company issued an unmodified opinion on the standalone financial results, confirming that the financial statements give a true and fair view of the company's state of affairs as of March 31, 2026.
Financial Performance
Revenue from operations for the year stood at ₹3153.86 lakh, compared to ₹3592.85 lakh in the previous fiscal year. Total income for the period was ₹3380.07 lakh, against ₹3934.85 lakh in the prior year. The company managed its total expenses at ₹3228.05 lakh for the year, while profit before exceptional items and tax was recorded at ₹152.02 lakh. For the quarter ended March 31, 2026, net profit rose to ₹87.73 lakh from ₹52.91 lakh in the corresponding quarter of the previous year, while revenue from operations for the quarter was ₹775.89 lakh against ₹798.57 lakh in the same period last year.
The following table summarizes the key financial metrics for the quarter and year ended March 31, 2026:
| Particulars: | Quarter Ended 31/03/2026 (₹ in Lakhs) | Quarter Ended 31/03/2025 (₹ in Lakhs) | Year Ended 31/03/2026 (₹ in Lakhs) | Year Ended 31/03/2025 (₹ in Lakhs) |
|---|---|---|---|---|
| Revenue From Operations | 775.89 | 798.57 | 3153.86 | 3592.85 |
| Total Income | 863.18 | 911.04 | 3380.07 | 3934.85 |
| Total Expenses | 822.14 | 891.67 | 3228.05 | 3639.15 |
| Profit Before Exceptional Items & Tax | 41.04 | 19.37 | 152.02 | 295.70 |
| Net Profit for the Period | 87.73 | 52.91 | 198.72 | 329.25 |
| Basic Earnings Per Share (₹) | 2.55 | 1.54 | 5.78 | 9.58 |
Assets and Liabilities
As of March 31, 2026, the company's total assets stood at ₹4503.51 lakh, up from ₹3480.82 lakh in the previous year. Non-current assets included Property, Plant and Equipment valued at ₹3102.40 lakh, compared to ₹2133.91 lakh in the prior year. Current assets included inventories of ₹696.10 lakh and trade receivables of ₹372.78 lakh. On the liabilities side, equity share capital remained constant at ₹343.74 lakh, while other equity increased to ₹1562.29 lakh from ₹1365.90 lakh. Non-current borrowings stood at ₹1479.06 lakh and current borrowings at ₹862.00 lakh.
| Particulars: | As at 31/03/2026 (₹ in Lakhs) | As at 31/03/2025 (₹ in Lakhs) |
|---|---|---|
| Property, Plant and Equipment | 3102.40 | 2133.91 |
| Inventories | 696.10 | 463.46 |
| Trade Receivables (Current) | 372.78 | 428.15 |
| Total Assets | 4503.51 | 3480.82 |
| Equity Share Capital | 343.74 | 343.74 |
| Other Equity | 1562.29 | 1365.90 |
| Non-Current Borrowings | 1479.06 | 688.09 |
| Current Borrowings | 862.00 | 751.84 |
Cash Flow Highlights
For FY 2025-26, net cash flow from operating activities was ₹486.22 lakh, compared to ₹874.58 lakh in FY 2024-25. Net cash outflow from investing activities was ₹1035.95 lakh, driven primarily by purchase of fixed assets worth ₹1357.83 lakh. Net cash inflow from financing activities was ₹549.74 lakh, supported by an increase in term loans of ₹790.97 lakh, partially offset by financial charges of ₹241.23 lakh. The net cash flow for the year was ₹0.01 lakh, with cash and bank balances remaining at ₹1.21 lakh as of March 31, 2026.
Auditor's Report and Compliance
Ghael Choksi & Company, Chartered Accountants (FRN: 0153978W), conducted the audit in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The auditors confirmed that proper books of account have been maintained, the financial statements comply with Accounting Standards under Section 133 of the Act, and none of the directors are disqualified under Section 164(2) as of March 31, 2026. The auditors also noted that the company has an adequate internal financial controls system over financial reporting that was operating effectively as at March 31, 2026. The company has no pending litigations impacting its financial position, no material foreseeable losses on long-term contracts, and no amounts required to be transferred to the Investor Education and Protection Fund. Additionally, the company did not declare or pay any dividend during the year. Managing Director Ravjibhai Parbatbhai Patel (DIN: 00023332) signed the results on behalf of Surbhi Industries Limited from Surat on May 15, 2026.
Historical Stock Returns for Surbhi Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.99% | -22.59% | +54.11% | +668.08% | +1,567.39% | +12,783.33% |
How will Surbhi Industries deploy the ₹1357.83 lakh invested in fixed assets, and what revenue growth can shareholders expect from this capacity expansion in FY2026-27?
With non-current borrowings more than doubling to ₹1479.06 lakh, how will the company manage its debt servicing obligations if revenue continues to decline?
Given the significant drop in annual net profit despite a strong Q4 recovery, what structural changes or new business segments is management considering to reverse the revenue decline trend?
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