Artefact Projects reports profit drop despite higher annual revenue
The company posted FY26 revenue of ₹32.25 crore, yet net profit slipped to ₹5.23 crore as margins tightened.
— 1 earlier story on Artefact Projects Ltd. →What's new
- Annual revenue rose to ₹32.25 cr from ₹30.05 cr in the prior year.
- Net profit fell to ₹5.23 cr, down from ₹7.43 cr.
- Auditors issued an unmodified opinion on the annual accounts.
Why this matters
The results are routine for this nano-cap firm. While the profit decline is clear, the market had access to nine-month figures that likely signaled the trend. There is no surprise catalyst here.
What we're watching
- Whether the company can restore margins in the coming quarters.
- Any management commentary on the rising costs impacting profitability.
- Volume trends in the stock following the disclosure.
The full read
Artefact Projects closed FY26 with ₹32.25 crore in revenue, a modest increase from the ₹30.05 crore reported in the prior year.
Profitability weakened.
Despite the higher turnover, net profit fell to ₹5.23 crore from ₹7.43 crore, as the company struggled to maintain margins against rising operational costs throughout the fiscal period. The audit report is clean, carrying an unmodified opinion, which confirms that there are no hidden accounting disputes or contentious financial items buried within the annual results. For a nano-cap company, these results are entirely routine. Investors had access to nine-month unaudited figures, which likely provided a clear preview of this performance, meaning the market had already priced in the trajectory of these earnings. It is a quiet finish to the year.
Questions answered
- How did Artefact Projects perform in FY26 compared to the previous year?
- Revenue increased to ₹32.25 crore from ₹30.05 crore, but net profit dropped to ₹5.23 crore from ₹7.43 crore.
- Were there any issues raised by the auditors?
- No. The audit report carries an unmodified opinion, meaning there are no contentious accounting issues.
- Is this a surprise for the market?
- No. The market already had access to unaudited figures for the first nine months of the year.
Story so far
All notes on ARTEFACT →- 27 May 2026 · 5:56 PM IST Artefact Projects reports profit drop despite higher annual revenue
- today Artefact Projects profit drops 30% on annual revenue of ₹32.25 cr