Country Condo's Limited Board Approves Financial Results; Names New CFO
Country Condo's Limited announced that its Board of Directors held a meeting on May 30, 2026, and approved the audited financial results for the quarter and the year ended March 31, 2026. The company also announced key leadership changes, appointing a new Chief Financial Officer (CFO) and accepting the resignation of the previous CFO.The company released detailed financial statements covering the past fiscal period, including Profit and Loss, Balance Sheet, and Cash Flow statements, for review.
Financial Highlights for FY 2026
The financial results for the year and quarter ended March 31, 2026, showed the company's total income stood at 174,941 (in lakhs) for the full fiscal year. Net Profit after tax for the year was 59.41 lakhs, compared to 1,680.90 lakhs reported for the 12 months ended May 31, 2025.The audited financial statement results for the relevant periods are presented below (in lakhs):
Statement of Audited Financial Results
| Metric | 3 Months Ended 31.03.2026 | 3 Months Ended 31.12.2025 | 3 Months Ended 31.03.2025 | 12 Months Ended 31.03.2026 | 12 Months Ended 31.05.2025 |
|---|---|---|---|---|---|
| Net Sales /Income from Operations | 367.59 | 442.89 | 261.60 | 1748.35 | 1670.69 |
| Total Income | 367.69 | 442.97 | 262.40 | 1749.41 | 1,680.90 |
| Total Expenditure | 337.61 | 433.06 | 247.56 | 1,661.97 | N/A |
| Profit/ (Loss) before Exceptional Items and Tax | 30.08 | 991.00 | 14.84 | 87.44 | N/A |
| Profit/ (Loss) before tax | 30.08 | 9.91 | 14.84 | 87.44 | N/A |
| Net Profit/ (Loss) after tax | 17.92 | 7.03 | 8.87 | 59.41 | 5975.00 |
| Total Comprehensive Income | 176.00 | N/A | 887.00 | -5341.00 | -5975.00 |
| Paid-up Equity Share Capital (X 1/- each) | 775.97 | 775.97 | 77597.00 | 77597.00 | 77597.00 |
The Balance Sheet for the year ended March 31, 2026, showed a total asset value of 549,921 (in lakhs), compared to 371,806 (in lakhs) at the end of the previous year.
Balance Sheet Summary (in lakhs)
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Non-Current Assets (Sub-total) | 5,940 | 7,054 |
| Inventories (Current Assets) | 429,440 | 337,590 |
| Cash and Cash equivalents | 7,929 | 2 |
| Sub-total: Current Assets | 343,951 | 364,752 |
| Total Assets and Liabilities | 549,921 | 371,806 |
| Equity Share Capital | 77,597 | 77,597 |
| Other Equity | 179,340 | 1,733.99 |
| Total Equity and Liabilities | 339,921 | 3718.06 |
Cash Flow Statement Summary (in lakhs)
| Activity | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Operating Profit before working capital changes | 102.18 | 106.78 |
| Cash generated from operations | 49.33 | (134.27) |
| Net cash flow from Investing activities | (2.55) | (3.21) |
| Net Cash flow from Financing activities | (4.73) | (197.34) |
| Net (Decrease ) / Increase in Cash and Cash Equivalents | 42.05 | (334.82) |
| Closing Balance of Cash and Cash Equivalents | 79.29 | 37.24 |
Leadership Changes
The Board of Directors approved two major personnel changes effective May 30, 2026.Mr. Sunkara Vijaya Kumar, who is a Post Graduate and holds a Master of Business Administration from Jawaharlal Nehru Technological University, Kakinada, Andhra Pradesh, was appointed as the company's Chief Financial Officer (CFO). Mr. Kumar has 15 years of experience in the field of Finance and Accounts.
The Board also accepted the resignation of Mr. Upputuri Gandhi from the position of Chief Financial Officer. Mr. Gandhi stepped down due to unstable health conditions.
Audit Opinion
The financial results, including the quarterly and year-to-date audited statements, were audited by M/s. P. Murali & Co., Chartered Accountants. The auditors issued an opinion confirming that the results present a true and fair view in conformity with applicable accounting standards.COUNCODOS Stock Price Movement
On Friday, Country Condo's Limited shares edged higher to close at ₹4.91, gaining 2.06% during the session. Trading concluded with a total volume of 99,651 shares, seeing the stock trade within a range of ₹4.73 to ₹5.7.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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