Owais Metal And Mineral Processing Approves Audited Financials for FY26, Notes Decline in Revenue and Profitability
Owais Metal And Mineral Processing Limited announced the outcome of its Board Meeting held on May 28, 2026. The Board considered and approved the Audited Standalone Financial Statement for the Financial Year ended March 31, 2026, along with the audited standalone financial results and statement of assets and liabilities for the Half-Year (H-2) and the full Financial Year.The Board of Directors of Owais Metal And Mineral Processing Limited reviewed and approved the results for the half-year ended March 31, 2026, and the full year ended March 31, 2026.
Audit Opinion and Key Financial Metrics
The company's Statutory Auditors, Jay Gupta & Associates, issued an audit report providing an unmodified opinion on the Audited Standalone Financial Results for the half year and year to date results for the period from April 1, 2025, to March 31, 2026, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.The audited financial results highlight a significant decline in revenue compared to the previous fiscal year.
| Particulars | 6 Months Ended 31.03.2026 (Audited) | Year to date figures as on 31.03.2026 (Audited) | Year to date figures as on 31.03.2025 (Audited) |
|---|---|---|---|
| Revenue from Operations | 29.86 | 12291.50 | 21341.06 |
| Total Income from Operations (Net) | 85.58 | 12424.45 | 21449.70 |
| Profit after tax from Continuing Operations | (2356.41) | 165.04 | 4701.91 |
| Earnings per Equity Share (Basic) | (12.96) | 0.91 | 25.86 |
Balance Sheet Overview
The financial statements for the half-year and year ended March 31, 2026, show the following positions:| Particulars | As at 31st March 2026 (Lakhs) | As at 31st March 2025 (Lakhs) |
|---|---|---|
| Total Equity & Liabilities | 18160.09 | 19783.03 |
| Total Equity | 11335.85 | 11170.80 |
| Long Term Borrowings | 1921.24 | 1897.10 |
| Total Assets | 18160.09 | 19783.03 |
| Total Current Assets | 6446.11 | 14587.33 |
| Property, Plant and Equipment and Intangible Assets | 2575.44 | 1595.27 |
| Long Term Loan & Advance | 8035.06 | 2362.51 |
Cash Flow Summary
The Cash Flow Statement reveals the company's operational and financing movements over the period.| Particulars | For the year ended 31st March 2026 (Lakhs) | For the year ended 31st March 2025 (Lakhs) |
|---|---|---|
| Operating Profit before Working Capital Changes | 841.50 | 6359.94 |
| Cash generated/ (used in) from operating activities | 6184.89 | 1588.89 |
| Net Cash used in Investing Activities | (652.47) | (1683.20) |
| Net Cash used in Financing Activities | (5622.79) | (13.21) |
| Net Increase/(Decrease) in Cash and Cash Equivalents | (90.37) | (107.52) |
Auditor’s Observations
In the report on the financial results, the auditors noted several key observations regarding the company's operational and financial status:- Revenue Decline: Turnover for the year 2025-26 stood at 12291.50 lakhs, compared to 21341.06 lakhs for the Financial Year 2024-25. Similarly, Profit before interest, depreciation and tax for 2025-26 was 859.92 lakhs, significantly down from 6698.59 lakhs during F.Y. 2024-25.
- Related Party Receivables: A substantial portion of trade receivables and advances outstanding as of March 31, 2026, totaling 5176.82 lakhs, is recoverable from related parties, up from 4396.98 lakhs as of March 31, 2025.
- Operating Margins: The decline in operating margins was primarily attributed to the suspension of operations at the Company's Udaipur Unit during the review period.
- Default Status: The auditors pointed out that the company has defaulted in repayment of certain loan obligations/servicing of borrowings, and statutory dues relating to income tax for the last two financial years remain unpaid as of the reporting date.
OWAIS Stock Price Movement
Owais Metal And Mineral Processing Limited shares shed ₹4.55, dropping 3.26% on Wednesday to settle at ₹135.2. The stock traded on a total volume of 45,500 shares 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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