Andrew Yule reports FY26 loss of ₹31 cr as auditor flags compliance gaps
The PSU posted a wider annual loss despite a ₹58 cr windfall from selling its stake in Veedol Corporation. The auditor flagged unpaid employee dues.
— 1 earlier story on Andrew Yule & Company Ltd. →What's new
- Standalone net loss widened to ₹31.09 cr in FY2026 from ₹25.53 cr in FY2025.
- A one-time gain of ₹58.42 cr from selling an investment in Veedol Corporation boosted other income.
- Auditor flagged delays in PF and gratuity payments alongside a SEBI penalty.
Why this matters
The company remains in the red despite a significant one-time gain from asset sales. The auditor's emphasis of matter regarding unpaid statutory dues and regulatory penalties points to deeper liquidity and governance strain.
What we're watching
- Progress on the proposed closure of two subsidiaries.
- Resolution of outstanding PF and gratuity payment delays.
- Management's plan to return to profitability without asset divestments.
The full read
Andrew Yule & Company ended FY2026 with a standalone net loss of ₹31.09 crore, a deterioration from the ₹25.53 crore loss recorded in FY2025. This result would have been significantly worse if not for a ₹58.42 crore one-time gain from the sale of its stake in Veedol Corporation. Beyond the financials, the auditor's report paints a difficult picture. It includes multiple emphasis of matter items, specifically citing delays in provident fund and gratuity payments and a SEBI penalty for non-compliance. The board has also proposed closing two subsidiaries, though no timeline was provided. With no dividend recommended and statutory dues lagging, the company faces a clear liquidity test. The asset sale provided a temporary cushion, but the core business remains loss-making.
Questions answered
- What drove the company's other income this year?
- The company recognized a one-time gain of ₹58.42 crore from the sale of its investment in associate firm Veedol Corporation.
- How did the bottom line change compared to last year?
- The standalone net loss widened to ₹31.09 crore in FY2026, compared to a loss of ₹25.53 crore in FY2025.
- What specific concerns did the auditor raise?
- The auditor highlighted delays in statutory payments for provident fund and gratuity, a SEBI penalty for non-compliance, and plans to close two subsidiaries.
- Will shareholders receive a dividend?
- No. The board did not recommend a final dividend for the year.
Story so far
All notes on ANDREWYU →- 26 May 2026 · 5:54 PM IST Andrew Yule reports FY26 loss of ₹31 cr as auditor flags compliance gaps
- 1d ago Andrew Yule & Company board approves FY26 annual results