Technojet Consultants Reports ₹4.11 Lakh Loss, Declares ₹87 Dividend for FY26
Technojet Consultants Ltd announced its audited financial results for the fiscal year ending March 31, 2026, revealing a net loss of ₹4.11 lakh on stagnant revenue. Despite the loss, the company's Board of Directors has recommended a significant final dividend of ₹87 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
The results, approved by the Board on May 15, 2026, showed a net loss after tax of ₹4.11 lakh for FY26. This marks a shift from the previous fiscal year, FY25, when the company posted a profit of ₹3.73 lakh. The company's statutory auditors, M/s Manek & Associates, issued an unmodified opinion on the financial statements, indicating no significant accounting concerns.
A notable aspect of the FY26 results is the substantial recommended dividend, which contrasts with the reported net loss. This suggests the dividend payout may be supported by accumulated profits or the positive impact of 'Other Comprehensive Income' (OCI). OCI captures unrealized gains or losses from items like investments or asset revaluations, which are not part of the company's core operational profit or loss for the period. The company recorded a Total Comprehensive Income of ₹156.41 lakh for FY26, significantly higher than its net loss.
Technojet Consultants operates in the IT consultancy and software development sector. The company has historically maintained a modest revenue base, with total income around ₹12-15 lakh over the past two fiscal years. Profitability has fluctuated, with FY25 showing a modest profit before this year's reported loss.
Financial Highlights (Standalone):
- FY26: Total Income ₹15.25 lakh; Profit/(Loss) after Tax ₹(4.11) lakh; Total Comprehensive Income ₹156.41 lakh.
- FY25: Total Income ₹15.25 lakh; Profit/(Loss) after Tax ₹3.73 lakh; Total Comprehensive Income ₹3.73 lakh.
The recommended dividend of ₹87 per share requires approval at the 44th Annual General Meeting, scheduled for June 19, 2026.
Shareholders will be closely watching the AGM for formal dividend approval and any management commentary on future performance, particularly regarding profitability and the factors contributing to the significant Other Comprehensive Income.