Mardia Samyoung Capillary Tubes Company Ltd

📊 Mardia Samyoung Q1 FY27 Results: ₹105.06 Lakhs Net Profit, Auditor Flags Verification Gaps

- Company: Mardia Samyoung Capillary Tubes Company Limited. Period: Unaudited financial results for the quarter ended June 30, 2026.

- Revenue from Operations for the quarter: ₹248.391 lakhs. Total Income (Net): ₹208.391 lakhs.

- Net Profit/(Loss) for the period from Continuing Operations: ₹105.06 lakhs.

- Basic Earnings per Share (EPS) from Continuing Operations: ₹0.13.

- Paid-up Equity Share Capital: ₹7946.14 lakhs. Face Value per Equity Share: ₹10.00.

- During the quarter, the company converted 1,17,15,000 warrants into equity shares upon receipt of ₹15,81,52,500 (face value + premium of ₹13.50 per share).

- Auditor's Review Report includes an 'Emphasis of Matter' highlighting several significant limitations: 1) Inability to verify end-utilization of ₹15.82 crores raised from warrant conversion due to unavailability of sales/purchase documents. 2) Inability to verify physical inventory as of June 30, 2026. 3) Inability to confirm existence/accuracy of certain trade receivables and payables. 4) Inability to comment on recoverability/rationale of interest-free advances aggregating ₹22.84 crores given during the quarter.

- The results were reviewed by the Audit Committee and approved by the Board of Directors on August 11, 2026. The statutory auditor, S K Bhavsar & Co., issued a limited review report.