Why did FY26 profit fall despite H2 recovery?

Full-year profit of ₹1.75 cr fell 26% from ₹2.36 cr because the first half was loss-making. The H2 profit of ₹1.88 cr reversed that loss but wasn't enough to match prior year's full-year number.

What was the revenue for FY26?

Revenue stood at ₹13.74 crore for the full year.

When did Seemax complete its IPO and list on BSE SME?

The company completed its initial public offering and listed on the BSE SME platform in July 2026, after the fiscal year ended March 2026.

What was the auditor's opinion on the financials?

The statutory auditor issued an unmodified (clean) opinion on the audited results.

What was the half-year profit split?

The half year ended March 2026 posted a profit of ₹1.88 crore, rebounding from a loss in the first half. The annual profit of ₹1.75 crore means the first half was loss-making overall.

Earnings · Resources

Seemax Resources profit falls 26% in FY26 to ₹1.75 cr

Board approves audited results with unmodified opinion; revenue at ₹13.74 cr. H2 turnaround of ₹1.88 cr profit offsets first-half loss. IPO and BSE SME listing completed in July 2026.

— 1 earlier story on Seemax Resources Ltd. →

SEEMAX By Tipsheet Editorial 27 Jul 2026 · 7:24 PM IST Verify on BSE · NSE

₹1.75 cr FY26 net profit, down 26% from ₹2.36 cr

What's new

Board approved audited FY26 results: net profit ₹1.75 cr on revenue ₹13.74 cr.
H2 FY26 profit of ₹1.88 cr reversed first-half loss, driving full-year profit.
Statutory auditor issued unmodified opinion; company listed on BSE SME in July 2026.

Why this matters

The filing is a routine compliance update. The 26% profit decline, despite a strong H2 rebound, shows the first-half weakness was deep. With the IPO already priced in, the stock's next catalyst hinges on FY27 performance.

What we're watching

Can Seemax sustain H2 momentum into FY27?
Revenue growth trajectory beyond ₹13.74 cr.
Management commentary on order pipeline or margins in upcoming updates.

The full read

Seemax Resources' board approved the audited results for FY26, reporting a net profit of ₹1.75 crore — down 26% from ₹2.36 crore a year ago. Revenue came in at ₹13.74 crore. The full-year profit was entirely driven by the second half, which delivered ₹1.88 crore, reversing a first-half loss. The auditor gave an unmodified opinion. The company also completed its IPO and listed on BSE SME in July 2026, shortly after the fiscal year close. The results are historical and largely anticipated from prior disclosures. The H2 recovery signals some operational turnaround, but the annual decline and absence of new guidance leave the stock reliant on FY27 delivery.

Questions answered

Why did FY26 profit fall despite H2 recovery?: Full-year profit of ₹1.75 cr fell 26% from ₹2.36 cr because the first half was loss-making. The H2 profit of ₹1.88 cr reversed that loss but wasn't enough to match prior year's full-year number.
What was the revenue for FY26?: Revenue stood at ₹13.74 crore for the full year.
When did Seemax complete its IPO and list on BSE SME?: The company completed its initial public offering and listed on the BSE SME platform in July 2026, after the fiscal year ended March 2026.
What was the auditor's opinion on the financials?: The statutory auditor issued an unmodified (clean) opinion on the audited results.
What was the half-year profit split?: The half year ended March 2026 posted a profit of ₹1.88 crore, rebounding from a loss in the first half. The annual profit of ₹1.75 crore means the first half was loss-making overall.

Mentioned: BSE SME · ₹13.74 cr revenue · ₹1.75 cr net profit

Primary source BSE · NSE

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

Story so far

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27 Jul 2026 · 7:24 PM IST Seemax Resources profit falls 26% in FY26 to ₹1.75 cr
1d ago Seemax Resources profit slips 26% in FY26 to ₹1.75 cr