Saraswati Saree Depot Reports FY26 Results; Audit Issues Qualification over Stock Records
Saraswati Saree Depot Ltd has released its audited financial results for the quarter and year ended March 31, 2026. The company's Board of Directors had approved these results on May 29, 2026. Concurrently, the annual audit was issued with a qualified opinion regarding the company's stock records.The audited financial statements detail operations across different periods, including the quarter ending March 31, 2026, and previous reporting periods. The company also confirmed the appointment of M/s. Ajit M. Joshi and Associates as its Internal Auditor for the Financial Year 2026-27, following recommendations from the Audit Committee.
Financial Performance Snapshot (Amounts in T Million)
The financial results reflect key trends in revenue generation and expense management during the reporting period:| Particulars | Quarter Ended March 31, 2026 Audited | Year Ended March 31, 2026 Audited |
|---|---|---|
| Total Revenue | 1,352.65 | 6,359.73 |
| Total Expenses | 1,309.90 | 6,057.51 |
| Profit Before Tax | 43.79 | 311.96 |
| Net Profit | 3261 | 233.09 |
Audit Qualification Details
The company received a Qualified Opinion from its statutory auditors on the audit of its Annual Financial Results for the year and quarter ended March 31, 2026.The Basis for the Qualified Opinion was specified as follows:
- Qualification Detail: The company has not maintained stock records giving quantitative details of the goods dealt in during the year.
- Mitigating Factor: Closing inventory was taken based on a physical count and related procedures.
A statement regarding the impact of this audit qualification was also provided, noting that the figures for Turnover/Total income (6311.62) and Net Profit/loss (234.06) remained consistent between the Audited Figures and the Adjusted Figures.
Operational Notes
Key points from the financial statements and related reports include:- The company's business is in the apparel sector, operating through one reportable operating segment as per Ind AS 108.
- The company holds a 50% stake in a partnership firm located in Ahmednagar, and income from this associate is recorded in the books of the company.
- The audited financial statements include results for the quarter ended March 31, 2026, which represent the difference between the audited full financial year and the unaudited interim figures for nine months ending December 31, 2025.
SSDL Stock Price Movement
As of 3:14 PM, shares of Saraswati Saree Depot Limited are shedding ground in live trading, dipping 1.06% and currently valuing at ₹55.97. The stock has seen robust activity, with 19,427 shares traded so far in the ongoing 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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