Zenith Exports returns to profitability in FY26 with ₹229 lakh profit
Zenith Exports reported a net profit of ₹229 lakh for FY26, a turnaround from the previous year's loss before tax, while recording a net loss of ₹12 lakh for Q4FY26. Revenue from operations for the year declined to ₹6,468 lakh. The Board approved the audited results and appointed M/s. Rohit Jalan & Associates as internal auditor.
*this image is generated using AI for illustrative purposes only.
Zenith Exports returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹229 lakh, a significant turnaround from a loss before tax of ₹208 lakh in the previous year. For the quarter ended March 31, 2026, the company recorded a net loss of ₹12 lakh. Revenue from operations for the year declined to ₹6,468 lakh from ₹7,210 lakh in FY25, while quarterly revenue stood at ₹1,310 lakh compared to ₹2,089 lakh in the corresponding period last year.
The Board of Directors approved the standalone audited financial results at a meeting held on May 29, 2026. The statutory auditors, M/s. V. Goyal & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The Board also appointed M/s. Rohit Jalan & Associates as the internal auditor for the financial year 2026-27.
Financial Performance
The company's total income for FY26 stood at ₹6,919 lakh, down from ₹7,617 lakh in FY25. Total expenditure for the year decreased to ₹6,594 lakh from ₹7,825 lakh in the previous year. The profit before tax for the year was ₹325 lakh. However, for the quarter ended March 31, 2026, the company reported a loss before tax of ₹9 lakh.
Segment Results
The Industrial Leather Hand Gloves/Made-ups segment remained the largest revenue contributor, generating ₹4,257 lakh for the year, though this was lower than the ₹5,121 lakh recorded in the previous year. The Silk Fabrics/Made-ups segment reported revenue of ₹938 lakh, while the EOU - Silk Fabrics segment brought in ₹1,273 lakh.
| Metric | FY26 (₹ in lakhs) | FY25 (₹ in lakhs) |
|---|---|---|
| Revenue from Operations | 6,468 | 7,210 |
| Total Income | 6,919 | 7,617 |
| Total Expenditure | 6,594 | 7,825 |
| Net Profit for the period | 229 | 171 |
| Earnings Per Share (Basic) | 4.24 | 3.17 |
Assets and Liabilities
The company's total assets as of March 31, 2026, stood at ₹9,796 lakh, a decrease from ₹10,088 lakh in the previous year. Total equity increased to ₹8,411 lakh from ₹8,197 lakh. Current liabilities reduced significantly to ₹1,096 lakh from ₹1,670 lakh in the prior year, while non-current liabilities stood at ₹289 lakh compared to ₹221 lakh.
The cash flow statement for the year ended March 31, 2026, showed a net cash inflow from operating activities of ₹541 lakh. The company reported a net cash outflow from financing activities of ₹633 lakh, primarily due to the repayment of short-term borrowings. Cash and cash equivalents at the end of the year were ₹609 lakh.
Historical Stock Returns for Zenith Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.44% | -4.30% | -11.91% | -20.36% | -27.13% | +89.72% |
What strategies will Zenith Exports implement to reverse the decline in revenue across its Industrial Leather and Silk Fabric segments?
How will the reduction in current liabilities and cash outflow from debt repayment impact the company's liquidity and expansion plans for FY27?
Is the quarterly net loss reported in Q4 FY26 indicative of ongoing operational challenges or a seasonal anomaly?
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