Unisem Agritech FY26 Results: Profit Rises 23%, but Qualified Audit Opinion Raises Concerns

Unisem Agritech reported a Profit After Tax of ₹529.65 lakh (₹5.30 crore) for the financial year ended March 31, 2026, a 23% increase from ₹427.41 lakh (₹4.27 crore) in the previous year.

What just happened

The Board of Directors of Unisem Agritech Limited approved the Audited Financial Statements for the financial year ending March 31, 2026. The company's revenue from operations for FY26 stood at ₹8,103.38 lakh (₹81.03 crore), up from ₹6,907.75 lakh (₹69.08 crore) in FY25.

Why this matters

While the company has shown robust profit growth, the statutory auditors, M/s SKSVM & Co., issued a Qualified Opinion on the financial statements. This qualification stems from the non-provisioning of interest liability on delayed payments to Micro and Small Enterprises (MSMEs) as required under the MSME Act. This could indicate potential future financial implications if the interest is deemed payable.

The backstory

For the financial year ended March 31, 2025, Unisem Agritech reported revenue of ₹6,907.75 lakh and a profit after tax of ₹427.41 lakh. The company also utilized ₹2,145.00 lakh from its IPO proceeds by March 31, 2026.

Key Appointments Approved

The board also approved the appointment of M/s Neelakari Mahindrakar Associates as Internal Auditor for FY 2026-27. Mr. M V Bhat was appointed as Secretarial Auditor for five years, subject to shareholder approval. Additionally, the services of Mr. Vijay Malgatte, VP – Business Strategy, were extended for five years beyond his retirement.

Risks to watch

The primary risk highlighted is the qualified opinion by the auditors regarding the non-provisioning of interest on delayed MSME payments. The management is currently reconciling vendor confirmations and assessing the related interest implications.

Context metrics

• FY26 Revenue: ₹8,103.38 lakh (₹81.03 cr)
• FY26 Profit After Tax: ₹529.65 lakh (₹5.30 cr)
• FY25 Revenue: ₹6,907.75 lakh (₹69.08 cr)
• FY25 Profit After Tax: ₹427.41 lakh (₹4.27 cr)
• IPO proceeds utilized by March 31, 2026: ₹2,145.00 lakh (₹21.45 cr)

What to track next

Investors should closely monitor the company's efforts to reconcile MSME vendor confirmations and address the auditor's concerns about interest liabilities. The outcomes of the Annual General Meeting on September 11, 2026, will also be important.