Antarctica Limited Posts Results for Q1 FY26; Audit Qualified with Disclaimer of Opinion

Antarctica Limited Posts Results for Q1 FY26; Audit Qualified with Disclaimer of Opinion​

Antarctica Limited has released its financial results and Balance Sheet as of March 31, 2026. The results encompass performance data for the quarter ended March 31, 2026, alongside previously audited figures for the full year ended March 31, 2025.

The company's quarterly performance metrics reflect significant revenue streams and total income of 3078.46 lakh in the first quarter. However, the results show a net profit loss for the period amounting to (8.24) lakh. Earnings Per Share (EPS) Basic was recorded at (0.01).

Financial Highlights (in Lakhs)​

The following table summarizes key financial performance indicators across multiple periods:

Balance Sheet Snapshot​

As of March 31, 2026, the company's total assets stood at 4264.57 lakh. This figure compares to 5469.48 lakh recorded in the same category for the previous period. The equity share capital remains stable across both periods, with Other Equity reporting 1550.10 lakh on March 31, 2026, and 46.34 lakh as of March 31, 2025.

Cash Flow Activity Summary​

For the year ended March 31, 2026, Net Cash from Operating Activities amounted to (407.70) lakh. Conversely, the company received Proceeds from long term borrowings amounting to 404.41 lakh during the period.

Auditor’s Disclaimer of Opinion​

The Independent Auditor's Report on the Standalone Annual Financial Results includes a Disclaimer of Opinion concerning several material matters identified during the audit. The key qualifications noted by the auditors include:

• Unsecured Loans: The company obtained unsecured loans for which no interest was charged, but relevant loan agreements were not available for verification, impacting the fair presentation of liabilities and finance costs.
• Inventory Verification: Physical verification of inventory could not be independently satisfied due to limitations in auditing processes regarding existence, condition, ownership valuation, and realizability.
• Tax Recognition: The company did not recognize any Deferred Tax Asset or Deferred Tax Liability during the year under review.
• Fixed Assets Register: The company had not maintained a comprehensive Fixed Assets Register containing particulars of Property, Plant and Equipment.

Management responses confirmed that while administrative reasons were cited for documentation issues regarding unsecured loans, physical verification was conducted internally for inventory, and there were no material timing differences necessitating deferred tax adjustments. Management also stated it is initiating steps to prepare a detailed Fixed Assets Register.

ANTGRAPHIC Stock Price Movement​

On Thursday, shares of Antarctica Limited edged higher, settling at ₹0.81 after gaining 5.13%. The equity saw a trading volume of 372,787 shares across the session.