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Pace E-Commerce Ventures Ltd
| Standalone Audited Financial Results for Half Year and Year Ended March 31, 2026
Report Source
⬤27th Apr 26
Summary : The company reported increased revenue and profit, but faced negative operating cash flow and auditor observations regarding compliance and fund deployment.
Quarterly Report Analysis & Insights
Financial Disclosures
- Cost of materials consumed: 8,799.01 Lakhs (YE Mar 2026).
- Employee benefit expense: 159.92 Lakhs (YE Mar 2026).
- Finance Costs: 199.49 Lakhs (YE Mar 2026).
- Depreciation and amortisation expense: 79.36 Lakhs (YE Mar 2026).
- Other Expenses: 186.35 Lakhs (YE Mar 2026).
- Trade receivables increased to 1,413.92 Lakhs (Mar 31, 2026).
- Revenue from Operations: 10,003.85 Lakhs (YE Mar 2026).
- Other Income: 213.86 Lakhs (YE Mar 2026).
- Net cash flow from operating activities: (54.15) Lakhs (YE Mar 2026).
- Net cash flow from investing activities: (10.44) Lakhs (YE Mar 2026).
- Net cash flow from financing activities: 50.58 Lakhs (YE Mar 2026).
- Closing Cash and Cash Equivalent: 32.33 Lakhs (Mar 31, 2026).
- Impact of pending litigation disclosed in financial statements.
- Total Assets: 10,217.30 Lakhs (Mar 31, 2026).
- Total Equity: 7,999.94 Lakhs (Mar 31, 2026).
- Total Current Liabilities: 1,864.77 Lakhs (Mar 31, 2026).
- Report presents Standalone Audited Financial Results.
Risk Factors
- Negative cash flow from operations.
- Increased trade receivables and borrowings.
- Non-compliance with government guidelines.
- Temporary fund deployment not SEBI compliant.
Key Drivers
- Revenue from operations increased significantly.
- Net profit for the period grew.
- Positive cash flow from financing activities.
- Strong internal financial controls noted.
Auditor’s Report
- Unmodified opinion on standalone financial statements.
- Auditor has not observed any key audit matters required to be reported separately.
Board Commentary
- No directors disqualified as of March 31, 2026.
- Company has not declared or paid any dividend during the year.
- Confirmation of Debtors, creditors, Loans and advance is subject to auditor's observation.
- Noncompliance of various Government Guidelines.
- Impact of pending litigation on financial position.
- Non-compliance with accounting standards for employee retirement benefits.
- Noncompliance of various Government Guidelines noted by auditor.
- Pending litigation impact disclosed in financial statements.
- Temporary deployment of public offer funds not complying with SEBI ICDR Regulation.
Corporate Governance
- Noncompliance of various Government Guidelines noted by auditor.
- Temporary deployment of funds not complying with SEBI ICDR Regulation.
- Non-compliance with employee retirement benefits accounting standards.