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FGP Ltd
| Audited Financial Results for the Quarter and Year Ended March 31, 2026
Report Source
⬤29th Apr 26
Summary : FGP Limited reported a significant turnaround to profitability in FY26 driven by new commodity trading, despite Q4 losses and financial instrument impacts, with key board appointments.
Quarterly Report Analysis & Insights
Financial Disclosures
- Purchase of Stock in trade: 156.88 lakhs (FY26), 0 lakhs (FY25)
- Employee benefits expenses: 33.53 lakhs (FY26), 20.75 lakhs (FY25)
- Depreciation & amortisation expenses: 0.82 lakhs (FY26), 0.77 lakhs (FY25)
- Other expenses: 53.99 lakhs (FY26), 29.04 lakhs (FY25)
- Revenue from Operations: 196.70 lakhs (FY26), 23.08 lakhs (FY25)
- Other Income: 55.94 lakhs (FY26), 27.62 lakhs (FY25)
- Segment Revenue - Business Centre & Rental: 26.18 lakhs (FY26), 23.08 lakhs (FY25)
- Segment Revenue - Commodity Trading: 170.52 lakhs (FY26), 0 lakhs (FY25)
- Net Cash Flow from Operating Activities: 80.27 lakhs (FY26), (26.67) lakhs (FY25)
- Net Cash Flow from Investing Activities: 71.32 lakhs (FY26), (89.41) lakhs (FY25)
- Net Increase/(Decrease) in Cash and Cash Equivalents: 109.93 lakhs (FY26), (116.08) lakhs (FY25)
- Cash and Cash Equivalents at End of Year: 112.40 lakhs (FY26), 2.47 lakhs (FY25)
- Total Assets: 379.05 lakhs (Mar 2026), 364.63 lakhs (Mar 2025)
- Equity Share Capital: 1,189.51 lakhs (Mar 2026), 1,189.51 lakhs (Mar 2025)
- Other Equity: (847.84) lakhs (Mar 2026), (855.24) lakhs (Mar 2025)
- Total Equity: 341.67 lakhs (Mar 2026), 334.27 lakhs (Mar 2025)
- Total Non-Current Liabilities: 18.95 lakhs (Mar 2026), 15.82 lakhs (Mar 2025)
- Total Current Liabilities: 18.43 lakhs (Mar 2026), 14.54 lakhs (Mar 2025)
- Consolidated (as per segment information)
Corporate Overview
- Business Centre and Rental
- Commodity Trading
- Business Centre and Rental
- Commodity Trading
Risk Factors
- Losses from mutual funds fair value changes.
- Losses from derivative transactions incurred.
- Impact of new Labour Codes uncertain.
- Fourth quarter showed significant loss.
Key Drivers
- New commodity trading activities commenced.
- Significant revenue growth year-on-year.
- Company turned profitable year-on-year.
- New independent directors appointed to board.
Auditor’s Report
- Unmodified opinion
Board Commentary
- Re-appointment of Ms. Shweta Ratnakar Musale as Non-Executive Independent Director for a second term (Nov 2026 - Nov 2031)
- Appointment of Mr. Pradeep Shashikant Pathare as Additional Non-Executive Independent Director for a term (May 2026 - May 2031)
- Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Implementation of new Labour Codes (Code on Wages, Industrial Relations, Social Security, Occupational Safety, Health and Working Conditions)
Corporate Governance
- Approved revision/change in Code of Fair Disclosure
- Approved Internal Procedures and Conduct for regulating, monitoring and reporting of trading by Designated Person(s) and Immediate Relatives of Designated Person(s) as per SEBI (Prohibition of Insider Trading) Regulations, 2015
- Appointment and re-appointment of Non-Executive Independent Directors
Management Discussion & Analysis
Future Strategy
- Company will continue to evaluate impact of new Labour Codes
Performance Drivers
- Commencement of commodity trading activities
- Significant increase in revenue from operations year-on-year
Critical Risks
- Net loss on fair value changes of mutual funds
- Loss on derivative transactions
- Potential impact of new Labour Codes on employee benefits