Choksi Asia Ltd, formerly Choksi Imaging, reported a robust performance for FY 2025-26 with a net profit of Rs 5.33 crore, compared to Rs 3.10 crore in the previous year. The company’s focus on industrial radiography and non-destructive testing (NDT) has driven top-line growth to Rs 49.31 crore. While financial performance remains strong, shareholders must weigh these results against a significant Rs 15.74 crore customs duty litigation and proposed unsecured loans from directors. The company also confirmed a recent change in corporate identity and registered office location.
Choksi Asia Reports Profit Surge in FY 2025-26
Net Profit: Rs 533.40 Lakhs (vs Rs 309.90 Lakhs in FY25)
Gross Turnover: Rs 4,931.03 Lakhs (vs Rs 3,698.16 Lakhs in FY25)
Reader Takeaway: Strong core performance in NDT sector countered by significant customs duty litigation and director-led financing proposals.
What just happened
Choksi Asia Ltd (formerly Choksi Imaging) posted strong financial results for the fiscal year ending March 31, 2026. The company saw a substantial rise in net profit to Rs 5.33 crore and an EPS of Rs 9.36. The board has also navigated a leadership transition with Mr. Tushar Parikh joining as a Non-Executive Non-Independent Director.
Why this matters
The company’s strategic transition toward Non-Destructive Testing (NDT) solutions for industrial safety appears to be yielding positive results. However, the proposal to secure unsecured loans of up to Rs 15 crore each from directors Samir Choksi and Jay Choksi marks a notable shift in the company's capital management strategy that requires shareholder oversight.
Risks to watch
Investors should monitor the ongoing customs duty dispute. The Commissioner of Customs has raised a demand of Rs 15.74 crore, plus additional penalties, regarding Special Additional Duty (SAD) benefits claimed between 2011 and 2014. While the company has appealed to the Customs, Excise & Service Tax Appellate Tribunal and expects a favorable outcome, the potential financial impact remains a significant contingent liability.
Governance and Operations
The company successfully completed its name change to Choksi Asia Limited and initiated the process of shifting its registered office from Maharashtra to Dadra & Nagar Haveli. Compliance disclosures remain under scrutiny, evidenced by a minor penalty paid to the BSE for a delayed related party transaction filing in 2025. Auditors have issued an unmodified opinion on the company’s FY26 financial statements.