Marushika Technology Announces Audited Financial Results and Board Appointments for FY 2026
Marushika Technology Limited announced that its Board of Directors meeting, held on May 22, 2026, approved the audited financial results and made key appointments for the financial year 2026-27. The company released its audited financial results (standalone and consolidated) for the half year and the year ended March 31, 2026, alongside the annual reports.The Board meeting included the approval of the audited financial results, which were reviewed by the Audit Committee and subject to an unmodified opinion from the Statutory Auditor.
Financial Results Overview
The company reported its financial performance for the half year ended March 31, 2026, and the full financial year ended March 31, 2026.Standalone Audited Statement of Financial Results (Amount in Rupees Lakhs):
| Particulars | Half Year Ended 31.03.2026 (Audited) | Half Year Ended 30.09.2025 (Audited) | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 6,778.84 | 4,863.94 | 11,642.78 | 8,524.87 |
| Other Income | 3.23 | 7.30 | 10.53 | 37.79 |
| Total Income | 6,782.07 | 4,871.24 | 11,653.31 | 8,562.66 |
| Purchase of stock-in-trade | 2,665.16 | 3,008.27 | 5,673.43 | 5,440.34 |
| Cost of sub-contract technical service | 2,781.47 | 1,052.20 | 3,833.67 | 1,519.37 |
| Employee Benefits Expense | 158.22 | 141.76 | 299.98 | 248.30 |
| Depreciation and Amortisation Expense | 47.99 | 22.26 | 70.25 | 38.91 |
| Finance Costs | 138.18 | 137.01 | 275.19 | 230.00 |
| Other Expenses | 142.03 | 92.43 | 23446 | 22442 |
| Total Expenses | 5,933.05 | 4,453.93 | 10,386.98 | 7,701.34 |
| Profit/(Loss) before tax | 849.02 | 417.31 | 1,266.33 | 861.32 |
| Profit/(loss) for the period | 591.89 | 310.85 | 902.74 | 643.48 |
Consolidated Statement of Financial Results (Amount in Rupees Lakhs):
| Particulars | Half Year Ended 31.03.2026 (Audited) | Half Year Ended 30.09.2025 (Audited) | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 6,778.84 | 4,863.94 | 11,642.78 | 8,524.87 |
| Other Income | 3.23 | 7.30 | 10.53 | 37.79 |
| Total Income | 6,782.07 | 4,871.24 | 11,653.31 | 8,562.66 |
| Purchase of stock-in-trade | 2,665.16 | 3,008.27 | 5,673.43 | 5,440.34 |
| Cost of sub-contract technical service | 2,781.47 | 1,052.20 | 3,833.67 | 1,519.37 |
| Employee Benefits Expense | 158.22 | 141.76 | 299.98 | 248.30 |
| Depreciation and Amortisation Expense | 47.99 | 22.26 | 70.25 | 38.91 |
| Finance Costs | 138.18 | 137.01 | 275.19 | 230.00 |
| Other Expenses | 150.03 | 92.11 | 242.14 | 239.92 |
| Total Expenses | 5,941.05 | 4,453.61 | 10,394.66 | 7,716.84 |
| Profit/(Loss) before tax | 841.02 | 417.63 | 1,258.65 | 845.76 |
| Profit/(loss) for the period | 583.88 | 311.18 | 895.06 | 627.92 |
Key Financial Position Data
The Statement of Standalone Audited Assets and Liabilities provides a snapshot of the company's financial health.| Particulars (Amounts in Rupees Lakhs) | 31.03.2026 (Audited) | 31.03.2025 (Audited) |
|---|---|---|
| I. EQUITY AND LIABILITIES | ||
| Shareholders' funds | ||
| Share capital | 853.68 | 623.76 |
| Reserves and surplus | 3,869.09 | 899.79 |
| Long-term Borrowings | 257.00 | 255.07 |
| Long-Term Provisions | 432.00 | 3.54 |
| Short-Term Borrowings | 43731 | 1,882.23 |
| Trade payables (Total Outstanding Dues) | 2,515.18 | 1,649.08 |
| Other Current Liabilities | 400.19 | 290.70 |
| TOTAL | 8,654.88 | 5,312.86 |
| I. ASSETS | ||
| Property, Plant and Equipment and Intangible assets | 329.73 | 192.21 |
| Long-Term Loans and Advances | 198.69 | 199.97 |
| Trade receivables | 5,759.00 | 3,984.71 |
| Cash and cash equivalents | 248.74 | 109.44 |
Governance and Fund Utilization
Auditor AppointmentsThe Board of Directors also approved the appointment of the following professionals for the Financial Year 2026-27:
- Internal Auditor: M/s A N Khurana & Co., Chartered Accountants.
- Secretarial Auditor: M/s Amresh & Associates, Practising Company Secretaries. This appointment is for a term of five consecutive years, commencing from the Financial Year 2026-27 to the Financial Year 2030-31, subject to the shareholders' approval at the ensuing Annual General Meeting.
IPO Funds Utilization
Regarding the utilization of funds raised through the Initial Public Offer (IPO), the company confirmed that there is no deviation or variation in the use of proceeds as of March 31, 2026. All funds raised through the IPO have been utilized fully for the objects mentioned in the Prospectus up to that date.
| Original Object of Fund Raising | Amount Disclosed in Offer Document (Rs. In Lakhs) | Actual Utilized Amount (Rs. In Lakhs) | Remarks |
|---|---|---|---|
| Issue related expenses | 400 | 400 | None |
| Working capital requirement | 1468 | 1468 | None |
| General corporate purposes | 329.08 | 329.08 | None |
| Repayment/pre-payment of borrowings | 500 | 500 | None |
| Total | 2697.08 | 2697.08 |
The company noted that the IPO was undertaken in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the proceeds were fully utilized in line with the stated objects.
The financial results and details regarding the auditor appointments are available on the company's website.
MARUSHIKA Stock Price Movement
On Friday, Marushika Technology Limited shares rallied, finishing the session at ₹90.60 after gaining 4.65%. The equity saw significant activity, with the stock trading on a volume of 18,000 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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