Rungta Irrigation Reports FY26 Profit Drop to ₹5.49 Cr on Lower Revenue

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AuthorIshaan Verma|Published at:
Rungta Irrigation Reports FY26 Profit Drop to ₹5.49 Cr on Lower Revenue
Overview

Rungta Irrigation's board approved fiscal year 2026 results, reporting a net profit of ₹5.49 crore on revenue of ₹183.86 crore. The company also re-appointed its auditors for FY27.

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Rungta Irrigation Sees FY26 Profit Decline to ₹5.49 Crore

Rungta Irrigation Limited announced its audited financial results for the fiscal year ending March 31, 2026. The company reported a net profit of ₹5.49 crore on revenue of ₹183.86 crore for FY26.

Key Financials for FY26

The Board of Directors met on May 25, 2026, to approve the financial statements. For FY26, Rungta Irrigation recorded a net profit of ₹549.28 lakh (approximately ₹5.49 crore) and revenue of ₹18,385.76 lakh (approximately ₹183.86 crore). These figures represent a decrease compared to the previous fiscal year, FY25, when the company reported revenue of ₹21,934.92 lakh (₹219.35 crore) and a net profit of ₹622.38 lakh (₹6.22 crore).

Impact and Outlook

This performance indicates a slowdown in both revenue and profitability compared to FY25. The re-appointment of the company's auditors for FY27, along with a proposed five-year appointment for a secretarial auditor, aims to ensure continuity and compliance in financial oversight and corporate governance.

Next Steps

Shareholders are expected to vote on the proposed appointment of M/s Shivam Grover & Associates as the secretarial auditor for the next five financial years. Investors will be looking for management's explanation of the revenue and profit decline and their strategy for future growth.

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