Submission of Audited Financial Results for the Quarter and Year ended on 31st March, 2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 26 May 2026, 07:36 PM IST · BSE ID: 809cf87b-fa72-479f-bfb0-b1e677f4e49e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company announced its annual financial results, showing a net profit of Rs. 2.45 lakhs, and appointed a new internal auditor.
🤖 AI Summary
- Quasar India Ltd. reported a profit after tax of Rs. 2.45 lakhs for the year ended March 31, 2026.
- Total income reached Rs. 143.42 lakhs for the financial year ended March 31, 2026.
- The Board approved the appointment of M/s. Shweta Jain & Co LLP as Internal Auditor for FY2026-27.
- Auditor's report contains qualifications regarding lack of balance confirmations and inventory verification.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit after tax (Year ended 31.03.2026)
3.36 lakhs
Total Income (Year ended 31.03.2026)
143.42 lakhs
Inventories (as at 31.03.2026)
3,969.24 lakhs
Total Assets (as at 31.03.2026)
6,858.83 lakhs
Total Assets (as at 31.03.2025)
6,233.82 lakhs
🏢 How This Affects the Company
The company concluded FY26 with a profit after tax of Rs. 2.45 lakhs, compared to Rs. 3.56 lakhs in the previous year. Total assets increased to Rs. 6,858.83 lakhs as of March 31, 2026.
The appointment of M/s. Shweta Jain & Co LLP as Internal Auditor for FY2026-27 indicates a change in internal audit function, aiming to strengthen internal controls.
The qualified audit opinion due to lack of balance confirmations for trade receivables, payables, loans, advances, borrowings, and insufficient inventory verification raises financial reporting risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's annual financial performance and the auditor's qualified opinion on the financial statements, impacting perception of financial transparency.
🔍
Management Signal
The decision to appoint an Internal Auditor for FY2026-27 signals management's intent to strengthen internal controls, despite the external auditor's qualifications.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 financial results — check for improvements in audit qualification areas.
Annual General Meeting minutes — monitor management commentary on audit findings.
Subsequent audit reports — verify if qualified opinion is addressed and resolved.
HIGH RISK
Significant audit qualifications regarding key financial figures like inventories and balances.
💡 Investor Takeaway
Quasar India Ltd. reported a profit after tax of Rs. 2.45 lakhs for the year ended March 31, 2026, with total income at Rs. 143.42 lakhs. The auditor issued a qualified opinion due to unsupported balances and unverified inventories of Rs. 3,969.24 lakhs.
⚖️ Strengths & Concerns
✅ Positives
- Profit after tax for the year ended March 31, 2026 was positive at Rs. 2.45 lakhs.
- Total assets increased to Rs. 6,858.83 lakhs as of March 31, 2026 from Rs. 6,233.82 lakhs as of March 31, 2025.
⚠️ Concerns
- Auditors noted a lack of balance confirmations for trade receivables, payables, loans & advances, borrowings, and other financial assets/liabilities.
- Auditors were unable to verify the existence and valuation of inventories amounting to Rs. 3,969.24 lakhs as of March 31, 2026, due to inadequate documentation.
📅 Company Track Record
No previous filings or historical financial data for Quasar India Ltd. have been found prior to this submission.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Quasar India Ltd.'s net profit for the year ended March 31, 2026?
Quasar India Ltd. reported a profit after tax of Rs. 2.45 lakhs for the year ended March 31, 2026.
What was Quasar India Ltd.'s total income for the financial year 2026?
The total income for Quasar India Ltd. for the financial year ended March 31, 2026, was Rs. 143.42 lakhs.
Which firm was appointed as the Internal Auditor for Quasar India Ltd. for FY2026-27?
M/s. Shweta Jain & Co LLP, Chartered Accountants (FRN: 127673W), was appointed as the Internal Auditor of Quasar India Ltd. for Financial Year 2026-27.
What were the main qualifications in Quasar India Ltd.'s audit report for FY2026?
The audit report was qualified due to a lack of balance confirmations for various financial assets/liabilities and the inability to verify inventories amounting to Rs. 3,969.24 lakhs as of March 31, 2026.
What were Quasar India Ltd.'s total assets as of March 31, 2026?
Quasar India Ltd.'s total assets stood at Rs. 6,858.83 lakhs as of March 31, 2026.
Questions based on this BSE filing only. For information purposes.