Apt Packaging Ltd reported a sharp increase in net profit to Rs 1.61 crore for FY26, up from Rs 30.58 lakh in the previous year. While the company successfully completed a preferential allotment of 65.5 lakh shares, shareholders should note auditor-flagged concerns regarding pending GST liabilities and trade receivables reconciliation.
Apt Packaging FY26 Profit Jumps to Rs 1.61 Crore
Revenue rose to Rs 22.50 crore; Net Profit climbed to Rs 1.61 crore.
Reader Takeaway: Strong revenue growth and successful capital raise offset by auditor concerns regarding GST and receivables.
What just happened
Apt Packaging Ltd has scheduled its 46th Annual General Meeting for September 21, 2026. The company reported a significant jump in financial performance for FY 2025-26, supported by a preferential allotment of 65.5 lakh equity shares intended to bolster working capital and modernization efforts.
Why this matters
The company’s net profit grew from Rs 30.58 lakh to Rs 1.61 crore, signaling improved operational efficiency. However, the statutory auditor, M/s. Gautam N and Associates, issued a qualified opinion. This includes a non-provisioned Rs 20.70 lakh GST liability currently under appeal and Rs 11.45 lakh in unprovided doubtful debts. Furthermore, auditors highlighted that trade receivables, payables, and employee advances remain subject to confirmation and reconciliation.
Corporate Governance
To align with regulatory requirements, the company has appointed CDSL as a designated depository to oversee foreign investments. As of March 31, 2026, 89.79% of the company's equity shares are held in dematerialized form, ensuring higher transparency and compliance standards.
What to track next
Investors should monitor the outcome of the GST appeal and management's progress in reconciling outstanding trade balances. The board has opted to skip dividend payments for this fiscal year to conserve cash for business expansion and modernization.