Shri Krishna Prasadam Limited: FY26 Results Show Loss Reduction Post-NCLT Plan

Net loss: ₹0.0272 crore (₹2.72 lakh) for FY 2026
Net loss: ₹12.7541 crore (₹1,275.41 lakh) for FY 2025

Reader Takeaway: Loss significantly reduced post-restructuring; governance observations persist.

What just happened

Shri Krishna Prasadam Limited announced its audited financial results for the year ended March 31, 2026. The company reported a net loss of ₹0.0272 crore (₹2.72 lakh), a substantial improvement from the ₹12.7541 crore (₹1,275.41 lakh) net loss in the previous fiscal year. This comes after the successful implementation of a resolution plan approved by the National Company Law Tribunal (NCLT).

The company also reported net revenue from operations of ₹0.2158 crore (₹21.58 lakh) for FY26, indicating the commencement of business activities during the period.

Why this matters

The significant reduction in net loss signals a potential turnaround for the company after its NCLT restructuring. The commencement of business operations is a positive step towards generating revenue. However, the company's overall financial health remains a concern due to negative equity and continuing cash burn from operations.

The backstory

Shri Krishna Prasadam Limited underwent a corporate restructuring process under the NCLT. The recent financial year (FY26) marks the first period of reporting after the implementation of the approved resolution plan. The company's prior year performance (FY25) was heavily impacted by losses, reflecting the challenges preceding the restructuring.

What changes now

The company is now operating under the terms of the NCLT-approved resolution plan. Funds raised from the allotment of equity shares to the Resolution Applicant have been deployed as per the plan. The focus will now shift to scaling business operations, improving revenue, and managing costs to achieve profitability and positive cash flows.

Risks to watch

• Negative Equity: The company has a negative equity of ₹-2.4644 crore (₹-246.44 lakh), which indicates a potential erosion of capital.
• Internal Audit Deficiency: The auditors noted that internal audit reports were not made available for verification, impacting their ability to comment on the adequacy of the internal audit system. This raises governance concerns.
• Going Concern: The continued net losses and negative operating cash flows in FY26 raise questions about the company's ability to sustain its operations in the long term without further financial support.

Peer comparison

(Data not available in the filing to compare with peers.)

Context metrics (time-bound)

• Net Revenue (FY26): ₹0.2158 crore
• Net Loss (FY26): ₹0.0272 crore
• Net Loss (FY25): ₹12.7541 crore
• Total Assets (as at Mar 31, 2026): ₹0.0726 crore
• Equity Share Capital (as at Mar 31, 2026): ₹2.016 crore

What to track next

Investors should closely monitor the company's revenue growth trajectory, its progress in managing operational expenses, and its efforts to address the auditor's concerns regarding internal audit reports. The company's ability to move towards positive cash flow from operations will be a key indicator of its financial recovery.