Recode Studios Corrects Financial Filings, Reports ₹11.22 Crore Profit for FY26

Recode Studios Ltd has filed a rectification statement for its audited financial results originally submitted on May 30, 2026. The company identified and corrected typographical errors across multiple periods, primarily for the year ended March 31, 2026, and the half-year ended March 31, 2026.

What just happened

The company corrected its Profit After Tax (PAT) and Earnings Per Share (EPS) figures. For the year ended March 31, 2026, the PAT is now reported as ₹11.22 crore, with a basic EPS of ₹13.79. For the half-year ended March 31, 2026, the PAT stands at ₹7.34 crore, and basic EPS at ₹9.02. Depreciation and Amortization for the half-year was ₹0.52 crore.

Why this matters

These corrections are crucial for investors to have an accurate view of the company's financial performance. Updated financial statements ensure that valuation metrics and historical comparisons are based on correct data. It also confirms that the core business strategy and operations remain unchanged.

The backstory

Recode Studios had previously filed financial results on May 30, 2026. This filing serves as a procedural correction to address minor typographical inaccuracies identified in the initial submission.

What changes now

Investors and analysts should update their records with the corrected PAT and EPS figures. The company has confirmed that all other aspects of the earlier filings are unchanged.

Risks to watch

While this is a procedural correction, investors should monitor the utilization of the ₹28.78 crore in unutilized funds raised through a previous issue. The company has utilized only ₹5.90 crore out of ₹34.67 crore for warehouse setup, working capital, marketing, and general corporate purposes as of May 30, 2026.

Context metrics (time-bound)

Year Ended March 31, 2026:

• Profit After Tax: ₹11.22 crore
• EPS - Basic: ₹13.79

Half Year Ended March 31, 2026:

• Profit After Tax: ₹7.34 crore
• EPS - Basic: ₹9.02
• Depreciation and Amortization: ₹0.52 crore

Issue Proceeds Utilization (as of May 30, 2026):

• Total Raised Funds Objective: ₹34.67 crore
• Total Utilized Funds: ₹5.90 crore
• Total Unutilized Funds: ₹28.78 crore

What to track next

Investors should track the company's future announcements regarding the deployment of the remaining unutilized funds, which are earmarked for warehouse setup, working capital, marketing, and general corporate purposes.