Sri Ramakrishna Mills Reports FY26 Profit of Rs 27.45 Crore

Profit jumped to Rs 27.45 crore in FY26 from Rs 3.65 crore in FY25, while EPS climbed to Rs 38.57.

Reader Takeaway: Strong earnings growth is balanced against audit trail deficiencies and pending regulatory penalties from the ROC.

What just happened

Sri Ramakrishna Mills held its 79th Annual General Meeting on September 28, 2026. Shareholders approved all five proposed resolutions, including the re-appointment of Managing Director D. Lakshminarayanaswamy, Whole-time Director L. Nagaswarna, and Independent Director C. Baalasubramaniyam. The company also released its financial results for the year ended March 31, 2026, showing a substantial recovery in profitability.

Why this matters

The financial jump from a profit of Rs 3.65 crore to Rs 27.45 crore marks a significant turnaround for the firm. However, the auditor, M/s. C S K Prabhu and Co LLP, issued a qualification stating the company's accounting software lacks an audit trail (edit log). This impacts the ability to verify historical data integrity under current statutory standards. Additionally, the company faces adjudicated penalties from the Registrar of Companies (ROC) concerning historical disclosure lapses from FY 2016-17, which the management is currently contesting.

Risks to watch

Investors should monitor the company's progress in upgrading its accounting software to meet audit trail requirements. Furthermore, the outcome of the appeal against the ROC penalties regarding CIN printing and related-party transaction disclosures remains a critical governance watch point.

Context metrics (time-bound)

For the fiscal year ended March 31, 2026, the company recorded total sales and other income of Rs 98.12 crore, compared to Rs 87.26 crore in the previous year. Basic Earnings Per Share (EPS) rose to Rs 38.57 from Rs 5.13 in FY25.