Choksi Asia's annual profit surges 72%, but Q4 profit slumps sequentially
A strong FY26 for the nano-cap was marred by a sharp quarterly profit drop. The clean audit opinion is a procedural positive.
— 1 earlier story on Choksi Asia Ltd. →What's new
- Net profit grew 72% to ₹5.33 cr; revenue climbed 33% to ₹49.31 cr for FY26.
- Q4 profit was ₹75.24 lakh, a large sequential fall from Q3's ₹216.08 lakh.
- Board re-appointed R. S. Bindra & Co. as internal auditor; statutory auditors gave a clean opinion.
Why this matters
The annual growth of 72% is the kind of scaling a ₹76 crore market-cap company needs to show. But the Q4 profit collapse to ₹75.24 lakh from ₹216.08 lakh in Q3 erodes confidence in the growth trajectory. A single bad quarter doesn't define a company, but for a nano-cap, volatility is a red flag.
What we're watching
- Whether the Q4 dip was a one-off event or signals a demand/margin shift.
- Management's explanation for the quarterly profit swing.
- The stock's reaction to the mixed annual versus quarterly signal.
The full read
Choksi Asia's full-year numbers are strong. Net profit jumped 72% to ₹5.33 crore as revenue climbed 33% to ₹49.31 crore. For a ₹76 crore nano-cap, that is real scaling. The catch is Q4. Profit for the final quarter was just ₹75.24 lakh, a steep fall from Q3's ₹216.08 lakh. A clean statutory audit and the reappointment of internal auditors are procedural positives, but the sharp sequential profit decline is the detail that matters. The annual growth is the headline, but the quarterly erosion of momentum is the open question. The full-year performance is the anchor; the Q4 figure is the uncertainty.
Questions answered
- How much did Choksi Asia's profit and revenue grow in FY26?
- Net profit grew 72% to ₹5.33 crore, and total revenue increased 33% to ₹49.31 crore for the full year ended March 31, 2026.
- What happened to profit in the final quarter?
- Fourth-quarter net profit was ₹75.24 lakh, down from the third quarter's ₹216.08 lakh. This sequential drop contrasts sharply with the strong full-year growth.
- What did the auditors say?
- The statutory auditors issued an unmodified opinion on the financial statements. The internal auditor, R. S. Bindra & Co., was re-appointed for FY27.
- Why is the company's size relevant?
- Choksi Asia is a nano-cap with a market capitalization of ₹76 crore. The 72% annual profit growth represents strong scaling for a company of this size.
Story so far
All notes on CHOKSI →- 29 May 2026 · 5:27 PM IST Choksi Asia's annual profit surges 72%, but Q4 profit slumps sequentially
- 1d ago Choksi Asia's profit surges 72% to ₹5.33 cr on a 33% revenue lift