What’s new

• Net profit jumped to ₹251.67 lakhs in FY26 from ₹26.39 lakhs in FY25.
• Revenue from operations fell to ₹58.44 cr from ₹63.67 cr.
• Chairperson Amrita P. Deodhar and CFO Rajesh K. Deherkar both resigned effective May 31.

Why it matters

The profit surge on a smaller top line points to a big improvement in cost management. But the simultaneous exit of the chairperson and CFO, the two executives who would have overseen that squeeze, leaves a strategic hole at a nano-cap. The audit is clean, so the numbers are reliable.

What we’re watching

• Whether the new CFO's plan signals a shift in capital allocation or revenue strategy.
• If cost discipline holds in the first quarterly results under new leadership.
• The strategic direction laid out by the new executive director, Nishith P. Deodhar.

The full read

Aplab's FY26 results tell two stories. The first is a ₹251.67 lakh net profit, up from just ₹26.39 lakhs a year ago, even as revenue slipped from ₹63.67 cr to ₹58.44 cr. Someone at a nano-cap company got serious about costs. The second story is the simultaneous exit of the two executives who likely made that happen. Chairperson Amrita P. Deodhar and CFO Rajesh K. Deherkar both resigned effective May 31, with replacements named for June 1. The audit opinion is clean, so the numbers themselves aren't in question. The departure of the top two executives leaves the open question of whether the new team can sustain those margins.

Primary source: BSE · NSE