What was Panjon's revenue growth for the full year?

Revenue grew 56% year-on-year to ₹47.92 crore in FY26. Net profit also increased, to ₹72.45 lakh from ₹52.74 lakh in the prior year.

Why did the quarterly results look weak?

Total income for the March 2026 quarter was ₹12.29 crore, down from ₹13.88 crore in the same quarter last year. This suggests a contraction in the final period of an otherwise strong fiscal year.

What is the company's current market capitalization?

Panjon is a nano-cap entity with a market capitalization of ₹38 crore, according to the analyst rationale.

Who has been appointed as the new internal auditor?

The board confirmed the appointment of M/s. B. Jakhetiya & CO. as the internal auditor for the 2026-27 fiscal year. The statutory auditors issued an unmodified opinion on the FY26 financial statements.

Earnings · Pharmaceuticals · Micro cap

Panjon's annual revenue jumps 56%, but final quarter weakens

FY26 revenue hit ₹47.92 crore on strong growth, but the March quarter saw a 12% drop in total income year-on-year.

PANJON By Tipsheet Editorial 29 May 2026 · 8:37 PM IST Verify on BSE · NSE

Mkt cap₹39.22 cr

P/E51.60×

ROE2.47%

Debt / eq.0.16

56% Year-on-year revenue growth for FY26.

What's new

Annual revenue surged 56% to ₹47.92 crore in FY26.
Net profit rose to ₹72.45 lakh from ₹52.74 lakh in FY25.
March quarter total income fell to ₹12.29 crore from ₹13.88 crore a year earlier.

Why this matters

The annual growth is strong, but the quarterly dip shows the momentum may be fading. For a nano-cap with a ₹38 crore market cap, the pace of the top line in the final quarter is a near-term concern.

What we're watching

Q1 FY27 performance to see if the March quarter weakness was a one-off.
The trajectory of net profit margins, which remain thin at ₹72.45 lakh.
Any commentary from the new internal auditor on financial controls.

The full read

Panjon posted 56% annual revenue growth, with top line hitting ₹47.92 crore in FY26. Net profit rose to ₹72.45 lakh from ₹52.74 lakh. The audited numbers are clean. But the March quarter tells a different story: total income slipped to ₹12.29 crore from ₹13.88 crore year-on-year, a 12% decline. For a ₹38 crore market-cap company, that quarterly softness is a flag. The annual surge is the headline, but the fading momentum in the final quarter is the story to watch into FY27.

Questions answered

What was Panjon's revenue growth for the full year?: Revenue grew 56% year-on-year to ₹47.92 crore in FY26. Net profit also increased, to ₹72.45 lakh from ₹52.74 lakh in the prior year.
Why did the quarterly results look weak?: Total income for the March 2026 quarter was ₹12.29 crore, down from ₹13.88 crore in the same quarter last year. This suggests a contraction in the final period of an otherwise strong fiscal year.
What is the company's current market capitalization?: Panjon is a nano-cap entity with a market capitalization of ₹38 crore, according to the analyst rationale.
Who has been appointed as the new internal auditor?: The board confirmed the appointment of M/s. B. Jakhetiya & CO. as the internal auditor for the 2026-27 fiscal year. The statutory auditors issued an unmodified opinion on the FY26 financial statements.

Mentioned: ₹47.92 crore FY26 revenue · ₹38 crore market cap · M/s. B. Jakhetiya & CO.

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.