Gurunanak Agriculture India Announces Audited Financial Results for Half and Full Year Ending March 31, 2026
Gurunanak Agriculture India Limited (formerly Gurunanak Agriculture India Private Limited) announced its audited financial results for the half and full financial year ended March 31, 2026, following approval by the Board of Directors. The Company also provided detailed reports regarding the utilization of proceeds raised through its Initial Public Offering (IPO).Financial Performance Overview
The Company released standalone financial statements covering the period up to March 31, 2026, alongside comparative figures for the previous year.Key financial performance indicators for the year ended March 31, 2026, showed:
- Total Income: The Company reported a total income of 4,235.68 Lakh for the half year ended March 31, 2026 (compared to 1,935.59 Lakh for the half year ended March 31, 2025). For the full year ended March 31, 2026, total income was 4,235.68 Lakh.
- Net Profit: Profit/(Loss) after tax for the half year ended March 31, 2026, stood at 399.70 Lakh, equating to an Earnings Per Share of 3.33. For the full year ended March 31, 2026, the Net Profit/(Loss) after tax was 608.38 Lakh.
Standalone Balance Sheet (Amounts in Lakh)
| Particulars | March 31, 2026 Audited | March 31, 2025 Audited |
|---|---|---|
| Total Equity and Liabilities | 5,196.51 | 2,015.79 |
| Shareholders' funds | 1,200.00 | 816.00 |
| Share capital | 3,515.86 | 411.47 |
| Long-term borrowings | 129.29 | 186.52 |
| Long-term provisions | 10.96 | 17.63 |
| Short term borrowings | 77.92 | 279.52 |
| Total outstanding dues of creditors (other) | 14.05 | 48.13 |
| Total Assets | 5,196.51 | 2,015.79 |
| Inventories | 900.71 | 534.77 |
| Trade receivables | 804.22 | 638.85 |
| Cash and Cash Equivalents | 1,568.76 | 203.80 |
Standalone Cash Flows (Amounts in Lakh)
The Company reported the following cash flow figures:
| Item | March 31, 2026 (Year Ended) | March 31, 2025 (Year Ended) |
|---|---|---|
| Net profit before tax | 849.45 | 831.70 |
| Operating profit before working capital changes | 969.15 | 986.23 |
| Cash generated from operations | (412.98) | 432.57 |
| Net cash from operating activities | (729.02) | 210.17 |
| Net cash flow used in investing activities | (475.93) | 560.94 |
| Net cash flow used in financing activities | 2,569.91 | (686.87) |
| Net increase in cash and cash equivalents | 1,364.96 | 84.24 |
IPO Proceeds and Fund Utilization
The Company provided a detailed statement of the utilization of funds raised through its Initial Public Offering (IPO), which took place on September 29, 2025, raising 2,880.00 Lakh.Initial allocation of the IPO funds was planned across four categories: Funding Capital Expenditure towards setting up a Harvester Manufacturing Unit, Working Capital Requirements, Issue Related Expenses, and General Corporate Expenses.
| Original Object | Original Allocation (INR Lakhs) | Modified Allocation (INR Lakhs) | Fund (INR Lakhs) | Amount Utilized (INR Lakhs) |
|---|---|---|---|---|
| Funding Capital Expenditure towards setting up Harvester Manufacturing Unit | 1706.71 | 1568.79 | 139.53 | Nil |
| Working Capital Requirements | 676.89 | 1000.84 | 950.10 | Nil |
| Issue Related Expenses | 296.4 | 110.37 | 110.37 | Nil |
| General Corporate Expenses | 200 | 200 | 200 | Nil |
| Total | 2880 | 2880 | 1400 | - |
The Board of Directors approved the re-allocation and inter-changeability of certain unutilized Issue proceeds. The modified allocation utilized surplus funds to meet working capital requirements. Specifically, the Capital Expenditure requirement for a TruLaser 1030 Basic Edition (L99) machine was reduced by 137.92 Lakhs, and the actual Issue Related Expenses incurred were lower than the originally estimated amount, resulting in a surplus of 186.03 Lakhs.
The Company confirmed that there was no deviation from the overall objects of the issue.
GURUNANAK Stock Price Movement
On Friday, shares of Gurunanak Agriculture India Limited slipped by 4.92% to close at ₹38.7. The stock settled with a total volume of 9,600 shares traded during the session.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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