Yash Optics & Lens FY26 Revenue Rises 24.95%

Yash Optics & Lens Limited announced its standalone audited financial results for the year ended March 31, 2026. The company reported a 24.95% year-on-year increase in revenue from operations to ₹5,398.98 lakh from ₹4,320.85 lakh in FY25. EBITDA grew 17.04% to ₹1,472.82 lakh, while net profit stood at ₹904.81 lakh. The Board recommended a maiden final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval.

Revenue and Operating Performance

The top-line growth was driven by strong demand across the company's product range. EBITDA margins for FY26 were 27.28%, compared to 29.12% in the previous year, primarily due to increased employee and expansion-related costs. Total expenses rose to ₹4,287.70 lakh from ₹3,305.52 lakh in FY25, influenced by higher material costs and employee benefits.

Metric	FY26 (Audited)	FY25 (Audited)	Change (%)
Revenue from Operations (₹ lakh)	5,398.98	4,320.85	+24.95%
EBITDA (₹ lakh)	1,472.82	1,258.34	+17.04%
Net Profit (₹ lakh)	904.81	958.81	—

Strategic Developments and Outlook

In an investor presentation dated May 14, 2026, the company highlighted its strategic shift from trading to manufacturing. Yash Optics is undertaking backward integration through a semi-finished and finished lens casting facility in Vapi, Gujarat. This facility aims to support captive consumption of approximately 20% while catering to the domestic market, improving cost efficiency. The company operates with a production capacity of 2,400+ pairs per day and reaches over 10,500 retail stores.

The company emphasized the significant market opportunity in the Indian eyewear sector, which is projected to grow to ~₹1,483 billion by FY30. Yash Optics holds exclusive distribution rights in India for Pentax ophthalmic lenses by HOYA Lens India Private Limited and Optovision lenses by Rodenstock Group. The management outlined growth strategies including brand development, hospital presence, and e-commerce integration to capitalize on the under-penetrated market.

Balance Sheet and Cash Flow

The balance sheet reflected significant capital deployment, with total assets at ₹11,537.17 lakh as of March 31, 2026. Property, Plant and Equipment increased to ₹4,158.04 lakh, and Capital Work-in-Progress rose to ₹2,237.56 lakh, reflecting investments in the Vapi project. Long-term borrowings declined to ₹450.00 lakh, and short-term borrowings reduced to ₹3.05 lakh. Net cash flow from operating activities improved to ₹1,026.18 lakh in FY26 from ₹567.69 lakh in FY25.

Source: Company/INE0TO601017/84074d4e687648c1.pdf

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.82%	-3.76%	+10.88%	+11.70%	+61.75%	+39.59%

Yash Optics & Lens Limited has submitted a statement of deviation or variation in utilisation of IPO proceeds under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter and financial year ended March 31, 2026. The filing, reviewed by the Audit Committee and taken on record by the Board at their meeting held on May 09, 2026, confirms that there has been no deviation or variation in the use of funds raised through the company's Initial Public Offer.

IPO Fund Raising Details

The company raised funds through its Initial Public Offer, with the issue opening on March 27, 2024 and closing on April 03, 2024. IPO funds were credited to the company's account on April 8, 2024 (INR 45,00,00,000) and April 12, 2024 (INR 8,14,89,600). The key details of the fund raising are summarised below:

Parameter:	Details
Mode of Fund Raising:	Initial Public Issue
Issue Opening Date:	March 27, 2024
Issue Closing Date:	April 03, 2024
Gross Proceeds:	Rs. 53,14,89,600/-
Net Proceeds:	Rs. 49,89,10,000/-
Report Period:	Quarter ended March 31, 2026
Monitoring Agency:	Not Applicable
Deviation / Variation:	No

Utilisation of IPO Proceeds

As on March 31, 2026, Yash Optics & Lens has utilised Rs. 4822.91 lakhs out of the total net proceeds of Rs. 4989.10 lakhs, leaving an unutilised balance of Rs. 166.19 lakhs. The unutilised amount pertains solely to the purchase of plant and machinery at the existing manufacturing unit. The object-wise breakdown of fund allocation and utilisation is presented below:

Original Object:	Original Allocation (in Lakhs)	Funds Utilised (in Lakhs)	Unutilised Amount till March 31, 2026 (in Lakhs)
Funding of Capital expenditure for setting up a manufacturing unit for backward integration:	Rs. 1825.00	Rs. 1825.00	NIL
Purchase of Plant and Machinery at existing manufacturing unit:	Rs. 1185.76	Rs. 1019.57	Rs. 166.19
Repayment/prepayment of certain borrowings availed by the Company:	Rs. 600.00	Rs. 600.00	NIL
Funding Working Capital Requirements of the Company:	Rs. 1000.00	Rs. 1000.00	NIL
General corporate purposes:	Rs. 378.34	Rs. 378.34	NIL
Total:	Rs. 4989.10	Rs. 4822.91	Rs. 166.19

Audit Committee and Auditor Observations

The Audit Committee reviewed the utilisation statement and confirmed that there was no deviation or variation in the use of funds raised from the Initial Public Offer. The statutory auditors, Chhogmal & Co., Chartered Accountants (Firm Registration No: 101826W), also submitted a disclosure for utilisation of issue proceeds as on March 31, 2026, corroborating the fund utilisation figures. The auditor's comments on any deviation were recorded as NIL.

The filing was signed by CS Adrata Anil Srivastav, Company Secretary cum Compliance Officer of Yash Optics & Lens Limited, on May 09, 2026, and submitted to the Listing Department of the National Stock Exchange Limited in compliance with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.