According to reports from Business Standard, Alstone Textiles (India) reported a standalone net loss of ₹3.00 crore in the quarter ended March 2026, marking a significant deterioration from the net profit of ₹0.46 crore recorded during the corresponding quarter of the previous year ended March 2025. The company's financial performance was notably impacted by the absence of any sales reported during the current quarter, as well as the previous year's quarter. As per the latest financial results, the company recorded a net loss of ₹0.30 crore for Q4FY26, with total income of ₹3.86 crore but incurring a loss before tax of ₹2.46 crore due to higher expenses.
As reported by Business Standard, for the full financial year ended March 2026, Alstone Textiles (India) recorded a net profit of ₹2.88 crore, representing a decline of 7.40% compared to the net profit of ₹3.11 crore achieved during the previous financial year ended March 2025. The company's total income for the year stood at ₹10.59 crore, driven primarily by other income, as revenue from operations remained nil. This represents a significant increase from ₹4.36 crore in the previous year, with total expenses rising to ₹7.15 crore from ₹1.25 crore in FY25. The profit before tax for the year was ₹3.44 crore, compared to ₹3.11 crore in the prior year.
The statutory auditor, VRSK & Associates, issued a modified opinion on the financial statements, stating they may not give a true and fair view due to the non-provision of interest on loans. The auditor noted that the company had borrowed loans amounting to ₹1,422 crore and advanced loans of ₹1,695 crore as of March 31, 2026. Additionally, the auditor highlighted that the company is not capable of meeting its liabilities existing at the balance sheet date as and when they fall due within a period of one year. The company confirmed that Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the use of proceeds, is not applicable as it has not issued any shares via public, rights, or preferential issues.
According to the financial data reported by Business Standard, the company's performance was significantly affected by the absence of sales reporting during both the quarter and full year periods. This revenue-related data indicates that Alstone Textiles (India) may be experiencing operational challenges that have impacted its ability to generate sales and report financial performance in the current reporting period. The board of directors approved the audited financial results for the quarter and year on May 27, 2026, at the corporate office in New Delhi, with the trading window closing on April 1, 2026, and reopening 48 hours after the declaration of these results.
