Shree Ganesh Elastoplast achieved a significant turnaround in the March 2026 quarter, reporting a standalone net profit of ₹0.04 crore compared to a net loss of ₹1.83 crore in the corresponding quarter of the previous year. According to the latest financial results approved by the Board on May 29, 2026, this represents a remarkable 67% improvement in profitability for the quarter ended March 2026. The company's sales revenue surged 75.69% to ₹2.53 crore during the quarter, demonstrating strong operational recovery and income from operations rising to ₹252.58 lakh from ₹144.36 lakh in Q4 FY25.
For the complete financial year ended March 31, 2026, Shree Ganesh Elastoplast reported a net loss of ₹48.01 lakh, which was a substantial improvement from the net loss of ₹147.42 lakh recorded in the previous financial year ended March 2025. The company's total income for FY26 stood at ₹480.48 lakh, down from ₹1,975.01 lakh in FY25, primarily due to lower income from operations which fell to ₹478.66 lakh from ₹1,973.20 lakh in the previous year. However, the company demonstrated operational resilience with total expenditure decreasing significantly to ₹529.63 lakh from ₹2,124.98 lakh in FY25, indicating improved cost management.
The company's operating profit margin (OPM) improved significantly to 2.77% in Q4 FY2026 from -132.64% in the corresponding quarter of the previous year. According to the latest financial data, the profit before tax and exceptional items turned positive at ₹3.94 lakh in Q4 FY26 compared to a loss of ₹195.53 lakh in Q4 FY25. The profit before tax and exceptional items also improved to ₹49.16 lakh for the full year from a loss of ₹149.97 lakh in the previous year. The profit before depreciation and tax (PBDT) turned positive at ₹0.07 crore in Q4 FY2026 compared to a loss of ₹1.91 crore in Q4 FY2025, demonstrating consistent operational improvements across all key metrics.
As of March 31, 2026, the company's total assets stood at ₹439.83 lakh, down from ₹451.77 lakh in the previous year. Equity and liabilities totaled ₹439.83 lakh, with equity share capital remaining constant at ₹550.20 lakh. The company's reserves excluding revaluation reserves stood at a negative ₹194.19 lakh compared to a negative ₹146.18 lakh in the prior year. Cash and cash equivalents decreased to ₹29.87 lakh as of March 31, 2026, from ₹56.26 lakh a year earlier. However, the company showed improved cash flow management with net cash from operating activities improving to negative ₹59.05 lakh for FY26 from a negative outflow of ₹305.35 lakh in FY25, indicating better operational efficiency.
The Board of Directors reviewed the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026. The results were prepared in compliance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee. The statutory auditors expressed an unmodified opinion on the standalone financial results. Additionally, the Board appointed M/s. Umangi Bhavsar & Associates Chartered Accountants as Internal Financial Auditors for a term of five years from 2026-27 to 2029-30. The company generated net cash of ₹1.25 lakh from investing activities and ₹31.41 lakh from financing activities during FY26, demonstrating diversified cash flow generation capabilities.
