Hariyana Ventures Ltd (506024) Quarterly Report Analysis & Insights

Hariyana Ventures Ltd

| Statement of Audited Financial Results for the Quarter and Year ended March 31, 2026

⬤9th May 26

Summary : Hariyana Ventures Limited reported a strong financial turnaround for FY2026, moving from a loss to significant profit and positive operating cash flow, with an unmodified audit opinion.

Quarterly Report Analysis & Insights

Financial Disclosures

Employee Benefits Expense: ₹1.60 Lakhs (Q4 2026), ₹2.80 Lakhs (FY 2026).
Finance Costs: ₹0.20 Lakhs (Q4 2026), ₹0.65 Lakhs (FY 2026).
Depreciation and Amortization Expenses: ₹1.64 Lakhs (Q4 2026), ₹3.78 Lakhs (FY 2026).
Other Expenses: ₹2.26 Lakhs (Q4 2026), ₹13.60 Lakhs (FY 2026).
Revenue from Operations: ₹57.00 Lakhs (Q4 2026), ₹75.69 Lakhs (FY 2026).
Other Income: ₹3.03 Lakhs (Q4 2026), ₹6.58 Lakhs (FY 2026).
Net Cash Generated from Operating Activities: ₹111.23 Lakhs (FY 2026) vs (₹120.48) Lakhs (FY 2025).
Net Cash Generated from Investing Activities: ₹4.36 Lakhs (FY 2026) vs ₹172.39 Lakhs (FY 2025).
Net Cash Used in Financing Activities: (₹50.63) Lakhs (FY 2026) vs (₹53.53) Lakhs (FY 2025).
Net Increase in Cash and Cash Equivalents: ₹64.96 Lakhs (FY 2026) vs (₹1.62) Lakhs (FY 2025).
Total Assets: ₹246.43 Lakhs (Mar 31, 2026) vs ₹230.51 Lakhs (Mar 31, 2025).
Equity Share Capital: ₹58.05 Lakhs (Mar 31, 2026) vs ₹58.05 Lakhs (Mar 31, 2025).
Other Equity: ₹184.93 Lakhs (Mar 31, 2026) vs ₹108.68 Lakhs (Mar 31, 2025).
Non-Current Liabilities (Borrowings): ₹0 Lakhs (Mar 31, 2026) vs ₹49.98 Lakhs (Mar 31, 2025).
Current Liabilities (Borrowings): ₹1.19 Lakhs (Mar 31, 2026) vs ₹11.82 Lakhs (Mar 31, 2025).
Standalone financial statements, as the company has no subsidiaries, associates, or joint ventures.

Corporate Overview

Registered office in Nagpur, Maharashtra, India.
Engaged in the trading of iron and steel and related services.
Formal and factual reporting of board meeting outcomes and financial results.
Segment information not presented due to non-applicability of Ind AS 108.

Risk Factors

Auditor discussed potential going concern issues.
No detailed segment revenue breakdown.
Business model focused on iron, steel.
Small company, limited operational scope.

Key Drivers

Profit After Tax increased significantly.
Strong positive cash flow from operations.
Total assets and equity show growth.
Auditors issued an unmodified opinion.

Auditor’s Report

Unmodified Opinion
Auditor's report discusses the assessment of the Company's ability to continue as a going concern, noting that if a material uncertainty existed, it would be highlighted or the opinion modified. No such modification was made.
The report notes that the quarter-end results are balancing figures between audited full-year and unaudited year-to-date figures, but states the opinion is not modified in respect of this matter.

Board Commentary

Appointment of M/s Shubham Bajhal & Associates as Internal Auditor for FY 2026-27.
Auditor's report mentions the concept of 'going concern' and the responsibility to assess it, without modifying the opinion.
Assessed impact of new Labour Codes (Code on Wages, Industrial Relations Code, Social Security Code, Occupational Safety, Health and Working Conditions Code) and deemed it not material.

Corporate Governance

Audit Committee reviewed and recommended financial results.

Management Discussion & Analysis

Performance Drivers

Significant increase in Profit After Tax for FY2026.
Turnaround to positive cash flow from operating activities.

Critical Risks

Auditor's general discussion of potential material uncertainty regarding going concern, though opinion was unmodified.