Harikanta Overseas Ltd Approves Consolidated and Standalone Results for FY2026
Harikanta Overseas Limited, a manufacturer of textile fabrics, has announced the audited Standalone and Consolidated Financial Results for the half year and financial year ended March 31, 2026. The company's Board of Directors reviewed and approved the results following the completion of the audit process by A H JAIN & CO., Chartered Accountants.The consolidated results show strong financial performance, with the company reporting a profit of ₹713.62 Lakhs for the year ended March 31, 2026.
Key Financial Highlights (Consolidated Results)
Financial statements provided by the management and audited by A H JAIN & CO. reveal the following key financial metrics:| Metric | Half Year Ended March 31, 2026 | Half Year Ended September 30, 2025 | Full Year Ended March 31, 2026 | Full Year Ended March 31, 2025 |
|---|---|---|---|---|
| Total Income | ₹2,929.45 Lakhs | ₹1,743.09 Lakhs | ₹4,672.54 Lakhs | ₹3,549.80 Lakhs |
| Net Profit/(Loss) for the Year | 420.76 Lakhs | 292.86 Lakhs | 713.62 Lakhs | 442.31 Lakhs |
| Earnings Per Share (Basic/Diluted) | 5.85 / 4.07 | N/A | 9.92 / 9.58 | 9.58 / 9.58 |
Balance Sheet Snapshot (Consolidated)
As of March 31, 2026, the company maintained a robust balance sheet structure:| Particulars | As at March 31, 2026 (₹ in Lakhs) | As at March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Total Equity and Liabilities | 3,460.00 | 2,405.29 |
| Cash and Cash Equivalents | 121.45 | 153.59 |
Operational and Financial Activities Analysis
Profit and Loss Statement (Consolidated):The company's total income for the fiscal year stood at ₹4,672.54 Lakhs, while Total Expenses were reported at ₹3,743.26 Lakhs, resulting in a profit before tax of ₹929.28 Lakhs and a net profit of ₹713.62 Lakhs for the year ended March 31, 2026.
Cash Flow Analysis:
The consolidated Cash Flow Statement indicated significant movement across various activities:
| Activity | Net Cash Flow (₹ in Lakhs) |
|---|---|
| Net Cash generated from Operating Activities | 276.15 |
| Net cash (used in) Investing Activities | (299.52) |
| Net cash generated from Financing Activities | (8.77) |
| Net increase / (decrease) in cash and cash equivalents | (32.14) |
Balance Sheet Details:
The total assets as of March 31, 2026, were ₹3,460.00 Lakhs. A breakdown of the company's funding structure includes shareholders' funds at ₹2,090.94 Lakhs and non-current liabilities totaling ₹315.59 Lakhs.
Standalone Financial Performance
The audited Standalone results for Harikanta Overseas Limited also reflected profitability:| Particulars | Full Year Ended March 31, 2026 (₹ in Lakhs) | Full Year Ended March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Total Income | 4,667.76 | 3,546.57 |
| Net Profit/(Loss) for the Year | 644.94 | 451.16 |
| Earnings Per Share (Basic/Diluted) | 8.96 / N/A | 9.77 / N/A |
Auditor's Opinion
The financial statements, both standalone and consolidated, were reviewed by the Audit committee and approved by the Board of Directors on June 26, 2026. A H JAIN & CO., Chartered Accountants, issued an audit report for both sets of results, concluding that they present a true and fair view in conformity with applicable accounting standards.Stock Price Movement
Harikanta Overseas Ltd. settled at ₹72.61 on Thursday, edging higher after seeing a 1.27% gain in its closing price. Throughout the trading session, shares moved within a broad range, dipping as low as ₹70.51 and peaking at ₹79.70.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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