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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

  1. Purchase of Stock in trade: 156.88 lakhs (FY26), 0 lakhs (FY25)
  2. Employee benefits expenses: 33.53 lakhs (FY26), 20.75 lakhs (FY25)
  3. Depreciation & amortisation expenses: 0.82 lakhs (FY26), 0.77 lakhs (FY25)
  4. Other expenses: 53.99 lakhs (FY26), 29.04 lakhs (FY25)
  5. Revenue from Operations: 196.70 lakhs (FY26), 23.08 lakhs (FY25)
  6. Other Income: 55.94 lakhs (FY26), 27.62 lakhs (FY25)
  7. Segment Revenue - Business Centre & Rental: 26.18 lakhs (FY26), 23.08 lakhs (FY25)
  8. Segment Revenue - Commodity Trading: 170.52 lakhs (FY26), 0 lakhs (FY25)
  9. Net Cash Flow from Operating Activities: 80.27 lakhs (FY26), (26.67) lakhs (FY25)
  10. Net Cash Flow from Investing Activities: 71.32 lakhs (FY26), (89.41) lakhs (FY25)
  11. Net Increase/(Decrease) in Cash and Cash Equivalents: 109.93 lakhs (FY26), (116.08) lakhs (FY25)
  12. Cash and Cash Equivalents at End of Year: 112.40 lakhs (FY26), 2.47 lakhs (FY25)
  13. Total Assets: 379.05 lakhs (Mar 2026), 364.63 lakhs (Mar 2025)
  14. Equity Share Capital: 1,189.51 lakhs (Mar 2026), 1,189.51 lakhs (Mar 2025)
  15. Other Equity: (847.84) lakhs (Mar 2026), (855.24) lakhs (Mar 2025)
  16. Total Equity: 341.67 lakhs (Mar 2026), 334.27 lakhs (Mar 2025)
  17. Total Non-Current Liabilities: 18.95 lakhs (Mar 2026), 15.82 lakhs (Mar 2025)
  18. Total Current Liabilities: 18.43 lakhs (Mar 2026), 14.54 lakhs (Mar 2025)
  19. Consolidated (as per segment information)

Corporate Overview

  1. Business Centre and Rental
  2. Commodity Trading
  3. Business Centre and Rental
  4. Commodity Trading

Risk Factors

  1. Losses from mutual funds fair value changes.
  2. Losses from derivative transactions incurred.
  3. Impact of new Labour Codes uncertain.
  4. Fourth quarter showed significant loss.

Key Drivers

  1. New commodity trading activities commenced.
  2. Significant revenue growth year-on-year.
  3. Company turned profitable year-on-year.
  4. New independent directors appointed to board.

Auditor’s Report

  1. Unmodified opinion

Board Commentary

  1. Re-appointment of Ms. Shweta Ratnakar Musale as Non-Executive Independent Director for a second term (Nov 2026 - Nov 2031)
  2. Appointment of Mr. Pradeep Shashikant Pathare as Additional Non-Executive Independent Director for a term (May 2026 - May 2031)
  3. Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  4. Implementation of new Labour Codes (Code on Wages, Industrial Relations, Social Security, Occupational Safety, Health and Working Conditions)

Corporate Governance

  1. Approved revision/change in Code of Fair Disclosure
  2. 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
  3. Appointment and re-appointment of Non-Executive Independent Directors

Management Discussion & Analysis

Future Strategy

  1. Company will continue to evaluate impact of new Labour Codes

Performance Drivers

  1. Commencement of commodity trading activities
  2. Significant increase in revenue from operations year-on-year

Critical Risks

  1. Net loss on fair value changes of mutual funds
  2. Loss on derivative transactions
  3. Potential impact of new Labour Codes on employee benefits