Tipsheet
What matters at India’s listed companies
Archive / Page 133

Notes archive.

Fri · 29 May
6
Concalls · Pharmaceuticals

Rubicon's profit doubled. Its factory is still a year away.

Q4 revenue jumped 44% to ₹514 cr, but reliance on outsourced manufacturing is squeezing gross margins. Pithampur commissioning is the fix.

RUBICON Large cap 9:03 PM
6
Earnings · IT - Software

Groarc burned ₹19.37 cr in operations last year. Its market cap is ₹14 cr.

The cash drain from receivables and inventory now exceeds the company's entire market value. Revenue fell 26%, profit dropped 60%, and the auditor still signed off.

GROARC Micro cap 8:55 PM
6
Earnings · Finance - Investment

Spice Lounge's IT pivot now drives 80% of revenue, but the base is tiny

Software and IT services delivered 50% topline growth to ₹158.42 crore in FY26. The food division shrank.

SPICELOUNG Small cap 8:55 PM
6
Earnings · Finance - Investment

JM Financial's profit jumps 55% even as revenue shrinks

Finance costs fell 23%, funding a ₹167 crore dividend despite a 6.5% revenue drop.

JMFINANCIL Mid cap 8:54 PM
5
Earnings · Sugar

Rana Sugars' sugar business lost ₹46.5 cr. A one-time gain hid the damage.

Full-year profit fell 30% to ₹23.81 cr. A ₹32.38 cr impairment reversal kept the company from a near-breakeven result.

RANASUG Micro cap 8:54 PM
6
Earnings · Finance - NBFC

Rapid Investments swings to a Q4 loss as full-year profit drops 55%

The nano-cap posted a quarterly net loss of ₹15.38 lakhs, a reversal from a ₹22.93 lakh profit a year ago. Full-year profit fell to ₹15.89 lakhs even as revenue grew 20%.

RAPIDIN Micro cap 8:54 PM
6
Earnings · TV Broadcasting & Software Production

Diksat Transworld's revenue fell 60%. Now it's burning cash.

The nano-cap media firm swung to a net loss of ₹1.19 crore as its top line collapsed and costs failed to adjust.

DIKSAT Micro cap 8:54 PM
6
Earnings · Finance - Investment

Gyftr posts ₹21.8 cr profit on voucher pivot, auditors keep qualified opinion

The former NBFC's first full-year results show ₹396.36 cr in revenue from its new model. But auditors still can't clear the old LKP Finance balance sheet.

LKPMERFIN Small cap 8:52 PM
5
Earnings · Plastic Products

Duropack's profit fell 23% even as revenue climbed 21%

Standalone revenue grew to ₹39.86 crore in FY26, but net profit shrank to ₹1.85 crore as cost pressures mounted.

DUROPACK Micro cap 8:51 PM
5
Earnings · Trading

Standard Batteries is a public shell with no revenue and a net loss.

The FY26 results show zero sales. The prior year's profit came from a one-time gain that is now gone.

STANDRDBAT Micro cap 8:51 PM
5
Earnings · Finance - NBFC

Adcon swings to a ₹2.12 cr loss as auditors flag ₹4.17 cr in stuck interest

The nano-cap lender's bad-debt provision of ₹3.21 cr alone erased the prior year's profit. Auditors flagged another ₹4.17 cr in uncollected income.

ADCON Micro cap 8:51 PM
5
Auto Ancillary

Kinetic Engineering plans to triple EV dealerships to 50 by June

The auto-component maker reported ₹158 cr in annual revenue and is scaling its electric-vehicle retail footprint aggressively.

KINETICENG Micro cap 8:50 PM
6
Earnings · Finance - NBFC

Octal Credit's consolidated loss triples to ₹157.91 lakh on associate drain

A ₹167.23 lakh loss from associates turned the group into the red, overwhelming a small standalone profit.

OCTAL Micro cap 8:49 PM
5
Earnings · Textile

Classic Filaments posts zero revenue, widens loss in year of corporate takeover

The nano-cap's auditor flagged a change in corporate control late in the fiscal year, marking the start of a transformation for a dormant entity.

CFL Micro cap 8:47 PM
5
Earnings · Consumer Food

Team24 Consumer Products posts first revenue of ₹1.54 cr after dormancy

The nano-cap firm's FY26 results show it has finally started trading and manufacturing, ending a period of zero operational income.

PHILCORP Micro cap 8:47 PM
5
Earnings · Agriculture

Asian Warehousing's income shrank. Profit jumped fourfold.

FY26 revenue fell to ₹1.81 crore, but net profit surged to ₹23.36 lakhs on a tiny base.

ASIAN Micro cap 8:46 PM
6
Earnings · Finance - Investment

Keynote's profit halved. Its standalone business lost money.

Consolidated net profit fell 54% to ₹6.66 cr for FY26. The standalone arm swung to a net loss of ₹1.66 cr, driven by a ₹4.30 cr hit in Q4.

KEYFINSERV Micro cap 8:46 PM
6
Earnings · Pharmaceuticals

Aayush Wellness revenue hit ₹155.48 cr. Q4 profit still fell.

Annual revenue now matches the nano-cap's market value, but quarterly profit is shrinking.

AAYUSH Micro cap 8:46 PM
6
Earnings · Real Estate

Peninsula Land's annual loss exceeds its revenue after a ₹132 cr impairment

A full write-down on a bankrupt joint venture pushed the net loss to ₹153.89 crore. The company's operational revenue was ₹143.21 crore.

PENINLAND Micro cap 8:45 PM
6
Earnings · Auto Ancillary

Kranti Industries posts ₹1.56 cr profit, swinging from a loss

Consolidated revenue crossed ₹100 crore, up 28.5%, as the company recovered from a ₹3.08 cr net loss last year.

KRANTI Micro cap 8:45 PM
6
Earnings · Shipping

Auditors can't verify Hariyana Ship Breakers' inventory; 75% profit drop

Statutory auditors qualified the FY26 accounts after management failed to provide inventory verification reports, while a ₹13.19 cr provision for a stalled JV advance slashed profit.

HRYNSHP Micro cap 8:43 PM
5
Earnings · Electric Equipment

Accord Transformer's IPO cash sits idle while profit falls 24%

The nano-cap has spent just a fraction of its ₹25.59 crore IPO proceeds. Revenue dropped 11% and net profit shrank 24% in its first full year as a listed company.

ACCORDTS Micro cap 8:42 PM
6
Earnings · Medical Equipment

Nureca's ₹100 cr capex is 37% of its market cap. The CFO is leaving.

A profit turnaround gives Nureca the credibility to bet big on a Punjab factory. The ₹100 crore capex is a huge commitment for a ₹267 crore company. The CFO exits just as the project starts.

NURECA Micro cap 8:41 PM
6
Earnings · Logistics

PDP Shipping declares first dividend, ₹1 per share on FY26 results

A nano-cap that listed in early 2025 is already returning cash. The ₹30 lakh payout is a nearly 2% yield on its ₹15 crore valuation.

PSPL Micro cap 8:41 PM
5
Earnings · Engineering - Industrial Equipments

Aztec Fluids posts 9.2% revenue growth, but profit still slips

Consolidated sales rose to ₹96.53 cr, but net profit fell marginally as higher scale failed to translate into bottom-line gains.

AZTEC Micro cap 8:39 PM