Walchandnagar Industries Limited has reported its audited financial results for the quarter and year ended March 31, 2026, showcasing a return to quarterly profitability and a significant reduction in annual losses. The Heavy Engineering segment remained the primary revenue driver, contributing ₹23,801 lakh to the annual revenue.

Financial Performance

For the fourth quarter of FY26, the company posted a net profit of ₹294 lakh, a sharp reversal from the net loss of ₹5,612 lakh recorded in the corresponding period of the previous year. This turnaround was supported by a 75.2% surge in revenue from operations, which rose to ₹9,302 lakh from ₹5,308 lakh in Q4 FY25. Total income for the quarter stood at ₹10,321 lakh, compared to ₹5,600 lakh in the prior year.

On an annual basis, the company significantly narrowed its net loss to ₹1,468 lakh for FY26, down from a net loss of ₹8,603 lakh in FY25. Total income for the year remained stable at ₹29,626 lakh, marginally higher than the ₹29,484 lakh reported in the previous fiscal year. The company also turned EBITDA positive at ₹3,548 lakh for the year, compared to a negative EBITDA of ₹3,561 lakh in FY25.

Key Financial Highlights

The table below summarizes the company's key financial metrics for the quarter and full year:

Operational Metrics

Basic earnings per share (EPS) for the quarter improved to ₹0.43, against a loss of ₹8.32 per share in Q4 FY25. For the full year, the loss per share narrowed to ₹2.17 from ₹14.73 in the prior year. The company's total assets as of March 31, 2026, stood at ₹88,142 lakh, compared to ₹87,210 lakh in the previous year.

The financial results include an exceptional item of ₹68 lakh for the quarter, recognized following an amicable settlement with Aicitta Intelligent Technology Private Limited. The company attributed the operational turnaround to strategic transformation and strong positioning in the Defence, Nuclear, and Aerospace sectors.

walchandnagar industries has appointed M/s. S. R. Bhargave & Co. as its Cost Auditor for the financial year 2026-2027. The Board of Directors approved the appointment during its meeting held on May 20, 2026, following the recommendation of the Audit Committee. This decision is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The firm, M/s. S. R. Bhargave & Co., Cost Accountants based in Pune, has been tasked with auditing the company's cost accounting records. The appointment covers the upcoming financial year, ensuring compliance with regulatory requirements regarding cost audits.

Auditor Profile

M/s. S. R. Bhargave & Co. is a firm of Cost Accountants with more than 10 professionals. The firm provides solutions in indirect taxes, consultancy for cost reduction, maintenance of cost records, and cost audit services. With a practice spanning more than 20 years, the firm serves a diverse client base including corporate entities, multinational corporations, public sector undertakings, and public and private limited companies across various sectors.

Disclosures

The company has confirmed that M/s. S. R. Bhargave & Co. holds no relationship with any of the directors of Walchandnagar Industries Ltd. This disclosure ensures transparency and adherence to corporate governance standards.