Esprit Stones Limited Approves FY26 Financial Results, Announces Internal Auditor Appointment
Esprit Stones Limited, formerly known as Esprit Stones Private Limited, announced key approvals for its financial results for the year ended March 31, 2026. The company reported the outcomes of its Board of Directors meeting held on May 16, 2026.At the board meeting, the Directors approved the audited standalone and consolidated financial results of the company for the half year and year ended on March 31, 2026.
The company also announced the appointment of M/s Pallavi Mehta and Associates, Chartered Accountants, as the Internal Auditor for the Financial Year 2026-27.
Financial Performance Overview
The company provided detailed financial statements for stakeholders, covering standalone and consolidated results. The Annual Report detailed the following key figures for the financial years and corresponding six-month periods:| Metric (Currency: Lakhs INR) | Six Months Ended 31 Mar 2026 (Audited) | Year Ended 31 Mar 2026 (Audited) | Six Months Ended 30 Sep 25 (Unaudited) | Year Ended 30 Sep 25 (Unaudited) |
|---|---|---|---|---|
| Total Income (1+2) | 587892 | 13,3882 | 7,459.90 | 19,915.52 |
| Total Expenses | 6,227.90 | 14,1219 | 7,894.06 | 18,766.12 |
| Profit/ (Loss) before tax | (348.98) | (669.94) | (320.96) | 1,149.40 |
Note: Figures are taken from the Standalone Financial Results table.
The company's consolidated financial results also showed significant performance metrics:
| Metric (Currency: Lakhs INR) | Six Months Ended 31 Mar 2026 (Unaudited) | Year Ended 31 Mar 2026 (Audited) |
|---|---|---|
| Total Income (1+2) | 7,479.06 | 17,596.39 |
| Total Expenses | 7,606.48 | 18,140.86 |
| Profit / (Loss) for the year | (116.29) | (385.36) |
Key Corporate Transactions
The company confirmed the disposal of its entire equity stake (51%) in Addwaya Chemicals Private Limited. The sale occurred on September 30, 2025, for a consideration of INR 120.87 lakhs. The disposal marked the cessation of the subsidiary status.In relation to the disposed subsidiary, the company noted that it continues to provide a corporate guarantee to HDFC Bank Limited regarding bank credit facilities amounting to INR 742 Lakhs. Furthermore, Esprit Stones Limited continues to hold an inter-corporate loan balance of INR 516.50 lakhs and accrued interest of INR 46.49 Lakhs as on March 31, 2026, which is recoverable from Addwaya Chemicals Private Limited.
IPO Funds Utilization
Regarding the utilization of funds raised through its Initial Public Offering (IPO), the company reported raising INR 5035.42 Lacs. Of this amount, a total of INR 4972.91 Lacs was utilized across various objects:- Investment in Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement: INR 650
- Subsidiary, Haique Stones Private Limited (HSPL), for repayment and/or prepayment: INR 1900.21
- Funding Working Capital requirements of the Company: INR 1400
- Issue related expenses: INR 577.43
- General corporate purposes: INR 445.27
The overall utilization amounted to INR 4972.91 Lacs, leaving an unutilized amount of 62.51 Lacs.
Financial Position at Year-End
The balance sheet data reflects a significant change in the company's financial structure compared to the previous year:| Metric (Currency: Lakhs INR) | As at 31 March 2026 | As at 31 March 2025 |
|---|---|---|
| Share Capital | 2,194.52 | 2194.52 |
| Reserves and Surplus | 10,023.32 | 10,492.4 |
| Long-term borrowings | 743.16 | 200.9 |
| Total Outstanding Dues (Micro and Small Enterprises) | 493.15 | 176.78 |
| Total Outstanding Dues (Other) | 2,341.06 | 4434.04 |
| Total Assets | 19,972.07 | 22137.6 |
ESPRIT Stock Price Movement
On Friday, Esprit Stones Limited shares slipped by 3.82% to settle at ₹73. The stock closed with a total traded volume of 1,600 shares.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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