Patel Engineering Board Approves Sale of Entire Stake in Ass...
Source: scanx.trade
Sodhani Academy of Fintech Enablers Limited has announced its audited standalone financial results for the half year and full year ended March 31, 2026, following a Board meeting held on May 13, 2026. The company reported a net profit of ₹384.64 lacs for the full year, a significant increase from ₹187.96 lacs in the previous year. The Board also recommended a final dividend and approved the re-appointment of internal auditors. The statutory auditors, M/s J C Kabra & Associates, have issued an unmodified audit opinion on the standalone financial results.
Financial Performance
The company delivered strong growth in profitability for the year ended March 31, 2026. Total income rose to ₹654.01 lacs from ₹384.47 lacs in the previous year, driven by revenue from operations of ₹354.84 lacs and other income of ₹299.17 lacs. Total expenses stood at ₹168.86 lacs against ₹133.82 lacs previously, resulting in a profit before tax of ₹485.15 lacs. The following table summarises the full-year profit and loss performance:
Metric: FY 2025-26 (Audited) FY 2024-25 (Audited) Revenue from Operations: ₹354.84 lacs ₹288.79 lacs Other Income: ₹299.17 lacs ₹95.69 lacs Total Income: ₹654.01 lacs ₹384.47 lacs Employee Benefits Expenses: ₹39.83 lacs ₹23.62 lacs Depreciation & Amortisation: ₹9.61 lacs ₹7.30 lacs Other Expenses: ₹119.42 lacs ₹102.90 lacs Total Expenses: ₹168.86 lacs ₹133.82 lacs Profit Before Tax: ₹485.15 lacs ₹250.66 lacs Net Profit (PAT): ₹384.64 lacs ₹187.96 lacs Basic EPS (₹): ₹7.34 ₹3.30 Diluted EPS (₹): ₹7.34 ₹3.30
Half-Year Performance
For the half year ended March 31, 2026, the company reported total income of ₹213.96 lacs, total expenses of ₹53.05 lacs, and a profit after tax of ₹142.62 lacs, with basic and diluted EPS of ₹2.50. This compares to total income of ₹387.82 lacs and profit after tax of ₹204.20 lacs for the half year ended September 30, 2025.
Balance Sheet Highlights
The company's financial position strengthened during the year. Total shareholders' funds increased to ₹1,710.39 lacs as at March 31, 2026, from ₹1,392.04 lacs a year earlier, driven by higher reserves and surplus of ₹1,140.89 lacs. Total assets stood at ₹1,782.75 lacs, with non-current assets of ₹1,538.78 lacs and current assets of ₹243.97 lacs.
Particulars: March 31, 2026 (Audited) March 31, 2025 (Audited) Share Capital: ₹569.50 lacs ₹569.50 lacs Reserves & Surplus: ₹1,140.89 lacs ₹822.54 lacs Total Shareholders' Fund: ₹1,710.39 lacs ₹1,392.04 lacs Total Current Liabilities: ₹72.35 lacs ₹28.05 lacs Total Equity and Liabilities: ₹1,782.75 lacs ₹1,420.10 lacs Property, Plant & Equipment: ₹142.95 lacs ₹110.90 lacs Non-Current Investments: ₹1,369.72 lacs ₹1,185.37 lacs Total Non-Current Assets: ₹1,538.78 lacs ₹1,296.81 lacs Cash and Cash Equivalents: ₹40.73 lacs ₹69.69 lacs Total Current Assets: ₹243.97 lacs ₹123.29 lacs Total Assets: ₹1,782.75 lacs ₹1,420.10 lacs
Cash Flow Statement
The company generated net cash from operating activities of ₹20.65 lacs for the year ended March 31, 2026, compared to ₹81.83 lacs in the previous year. Net cash used in investing activities was ₹21.14 lacs, while net cash used in financing activities was ₹28.48 lacs, which included a dividend payment of ₹28.48 lacs. The closing balance of cash and cash equivalents stood at ₹40.73 lacs.
Cash Flow Particulars: FY 2025-26 (Audited) FY 2024-25 (Audited) Net Cash from Operating Activities: ₹20.65 lacs ₹81.83 lacs Net Cash from/(Used in) Investing Activities: ₹(21.14) lacs ₹(384.85) lacs Net Cash from/(Used in) Financing Activities: ₹(28.48) lacs ₹351.17 lacs Net (Decrease)/Increase in Cash: ₹(28.96) lacs ₹48.15 lacs Opening Cash and Cash Equivalents: ₹69.69 lacs ₹21.55 lacs Closing Cash and Cash Equivalents: ₹40.73 lacs ₹69.69 lacs
IPO Proceeds Utilisation
The company had raised ₹388 lacs through an initial public offer of 9,70,000 shares at a face value of ₹10 per share at a premium of ₹30 per share, with shares listed on BSE on September 23, 2024. As at March 31, 2026, ₹374.73 lacs of the net IPO proceeds had been utilised, with a balance of ₹13.27 lacs remaining for the financial year 2026-27. The utilisation details are as follows:
Object of Fresh Issue: Amount to be Financed (₹ lacs) Utilised till FY 2025-26 (₹ lacs) Balance for FY 2026-27 (₹ lacs) Offer Related Expenses: 78.00 58.09 (0.00) Building Content Studio & Offline Training Infrastructure: 80.00 79.37 0.63 IT Hardware including Software Procurement: 60.00 52.76 7.24 Content Development for Course Material: 50.00 52.85 (0.00) Enhancement of Brand Visibility & Awareness: 35.00 41.80 (0.00) Learning Management System (LMS) Application Development: 10.00 10.00 (0.00) General Corporate Purpose: 75.00 79.86 5.40 Total: 388.00 374.73 13.27
Dividend Declaration
The Board of Directors recommended a final dividend of ₹0.75 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting.
Corporate Governance Updates
In compliance with statutory requirements, the Board approved the re-appointment of M/s D. Jain & Co., Practicing Chartered Accountants based in Jaipur, as Internal Auditors for the financial year 2026-27, effective May 12, 2026. The Audit Committee has verified their independence and eligibility. The company operates in a single business segment and has no associate companies or subsidiaries as at March 31, 2026.
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Source: scanx.trade