Shri Venkatesh Refineries announced robust audited financial results for FY26, with revenues nearly doubling and net profit more than doubling year-on-year. The company recommended a final dividend of ₹1 per share.
Shri Venkatesh Refineries Posts Strong FY26 Results with Nearly Doubled Revenue and Profit
Revenue from operations grew 96.4% to ₹1,377.57 crore in FY26 from ₹701.64 crore in FY25. Net profit more than doubled to ₹38.20 crore from ₹18.08 crore in the previous year. ## What just happened Shri Venkatesh Refineries Limited has announced its audited financial results for the fiscal year 2025-2026. The company reported a significant increase in its top line and bottom line. Revenue from operations surged by 96.4% to ₹1,377.57 crore, up from ₹701.64 crore in the previous fiscal year. Net profit also showed substantial growth, more than doubling to ₹38.20 crore compared to ₹18.08 crore in FY25. The Board has recommended a final dividend of ₹1 per share, subject to shareholder approval. ## Why this matters The strong financial performance indicates a significant expansion in the company's business scale and profitability. Doubling revenue and net profit are positive indicators for shareholders, suggesting efficient operations and market demand for its products. The recommended dividend also signals a commitment to returning value to investors. ## The backstory In the previous fiscal year, FY25, Shri Venkatesh Refineries had reported revenues of ₹701.64 crore and a net profit of ₹18.08 crore. The current fiscal year's performance represents a considerable acceleration in growth. ## What changes now With the strong performance and dividend recommendation, investor sentiment may improve. The company's ability to sustain this growth trajectory and manage its increased working capital needs and debt levels will be crucial for future performance. ## Risks to watch Despite the profit growth, the company reported a negative cash flow from operations of ₹-69.85 crore. This was primarily due to a significant increase in inventories and trade receivables, indicating working capital being tied up. Additionally, borrowings have increased, with short-term loans rising to ₹211.38 crore and long-term loans to ₹102.02 crore, which will increase the interest burden. ## Peer comparison (No peer comparison data available in the filing.) ## Context metrics (time-bound) Revenue from operations for FY26 stood at ₹1,377.57 crore, a 96.4% increase from FY25's ₹701.64 crore. Net profit for FY26 was ₹38.20 crore, up from ₹18.08 crore in FY25, a growth of 111.3%. Basic EPS improved to ₹17.27 in FY26 from ₹8.17 in FY25. Total borrowings as of March 31, 2026, stood at ₹313.40 crore (₹211.38 crore short-term, ₹102.02 crore long-term). ## What to track next Investors should closely monitor the company's working capital management, particularly inventory and receivable levels, to ensure efficient cash conversion. Tracking debt levels and the company's strategy for managing its interest expenses will also be important.
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