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  3. Smartlink Holdings Reports Strong FY26 Turnaround; Net Profit Surges, Dividend of ₹2 Per Share Recommended
ipo services in India
India IPO
  • 13 May 2026
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 Smartlink Holdings Reports Strong FY26 Turnaround; Net Profit Surges, Dividend of ₹2 Per Share Recommended

Smartlink Holdings Limited reported a strong FY26 financial turnaround with standalone net profit surging to ₹1,321.99 lakhs from ₹253.68 lakhs and consolidated net profit rising to ₹1,314.55 lakhs from ₹660.51 lakhs. The Board recommended a final dividend of ₹2.00 per equity share with a record date of July 10, 2026, and approved key governance changes including the proposed appointment of Ms. Arati Naik as Executive Director and M S K A & Associates LLP as new Statutory Auditors.

Smartlink Holdings Reports Strong FY26 Turnaround; Net Profit Surges, Dividend of ₹2 Per Share Recommended

Smartlink Holdings Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 13, 2026. The results reflect a strong financial turnaround for the company, with both standalone and consolidated metrics showing marked improvement over the previous year. The statutory auditors, Shridhar & Associates, issued unmodified (unqualified) opinions on both the standalone and consolidated financial statements.

Standalone Financial Performance

On a standalone basis, the company reported a robust recovery in profitability for the year ended March 31, 2026. Revenue from contracts with customers rose to ₹12,546.81 lakhs from ₹9,696.51 lakhs in the previous year. Total income, including other income of ₹2,371.60 lakhs (vs. ₹1,312.30 lakhs), stood at ₹14,918.41 lakhs compared to ₹11,008.81 lakhs in the prior year. Other income for the year included a reversal of impairment on the company's investment in its subsidiary, Digisol Systems Limited, amounting to ₹1,288.36 lakhs. The company also recognised a provision towards past service cost on gratuity and compensated absences payable to employees amounting to ₹132.97 lakhs for the year ended March 31, 2026, pursuant to the notification by the Ministry of Labour & Employment on November 21, 2025 of the Labour Codes.

The following table summarises the key standalone financial metrics:

Metric: FY26 (Audited) FY25 (Audited) Revenue from Contracts with Customers: ₹12,546.81 lakhs ₹9,696.51 lakhs Other Income: ₹2,371.60 lakhs ₹1,312.30 lakhs Total Income: ₹14,918.41 lakhs ₹11,008.81 lakhs Total Expenses: ₹13,583.27 lakhs ₹11,044.27 lakhs Profit / (Loss) Before Tax: ₹1,335.14 lakhs ₹(35.46) lakhs Net Profit / (Loss): ₹1,321.99 lakhs ₹253.68 lakhs Total Comprehensive Income: ₹1,335.71 lakhs ₹217.80 lakhs Basic & Diluted EPS (₹): ₹13.25 ₹2.54

For the quarter ended March 31, 2026, standalone profit before tax stood at ₹1,486.90 lakhs, compared to a loss of ₹58.36 lakhs in the corresponding quarter of the previous year. Net profit for the quarter was ₹1,430.46 lakhs versus ₹174.10 lakhs in the same quarter of the prior year. Basic and diluted EPS for the quarter was ₹14.34 (not annualised).

Consolidated Financial Performance

At the consolidated level, encompassing Smartlink Holdings Limited and its wholly owned subsidiary Digisol Systems Limited, the group reported a net profit of ₹1,314.55 lakhs for FY26, compared to ₹660.51 lakhs in the prior year. Consolidated revenue from contracts with customers grew to ₹26,934.75 lakhs from ₹21,452.63 lakhs, while total consolidated income reached ₹27,993.48 lakhs versus ₹22,643.64 lakhs previously. The group operates in one primary segment — Networking/IT Products.

Metric: FY26 (Audited) FY25 (Audited) Revenue from Contracts with Customers: ₹26,934.75 lakhs ₹21,452.63 lakhs Other Income: ₹1,058.73 lakhs ₹1,191.01 lakhs Total Income: ₹27,993.48 lakhs ₹22,643.64 lakhs Total Expenses: ₹26,229.71 lakhs ₹22,110.47 lakhs Profit Before Tax: ₹1,763.77 lakhs ₹533.17 lakhs Net Profit: ₹1,314.55 lakhs ₹660.51 lakhs Total Comprehensive Income: ₹1,348.57 lakhs ₹603.89 lakhs Basic & Diluted EPS (₹): ₹13.18 ₹6.62

For the quarter ended March 31, 2026, consolidated profit before tax was ₹928.01 lakhs compared to ₹238.43 lakhs in the same quarter of the previous year. The group's consolidated total assets stood at ₹30,206.16 lakhs as at March 31, 2026, compared to ₹24,603.74 lakhs as at March 31, 2025.

Dividend and Record Date

The Board of Directors recommended a final dividend of ₹2.00 per equity share (100%) of face value of ₹2 each for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the ensuing Annual General Meeting and will be paid within 30 days of such approval, subject to deduction of tax at source as applicable. The record date for determining eligible shareholders has been set as Friday, July 10, 2026.

Key Governance and Auditor Changes

The Board meeting also approved several significant governance and administrative decisions:

Executive Director Appointment: Ms. Arati Naik (DIN: 06965985), a Graduate in Computer Science and Post-Graduate in Business & Information Systems from The University of Bolton, UK, and an alumna of IIM Bangalore, has been proposed for appointment as Wholetime Director designated as Executive Director for a term of five consecutive years with effect from April 01, 2027 up to March 31, 2032, subject to member approval. She is the daughter of Mr. K. R. Naik, Executive Chairman, and sister of Dr. Lakshana Sharma, Non-Executive, Non-Independent Director of the Company.

Internal Auditor Re-appointment: M/s Marathe Rao & Swarup, Chartered Accountants (Firm Ref No. 131340W), were re-appointed as internal auditors for the financial year 2026-27.

New Statutory Auditors: M S K A & Associates LLP (formerly known as M S K A & Associates), ICAI Firm Registration No. 105047W/W101187, have been appointed as Statutory Auditors for a term of five years, from the conclusion of the 33rd Annual General Meeting until the conclusion of the 38th Annual General Meeting, subject to member approval. The outgoing auditors, Shridhar & Associates (ICAI Firm Registration No. 134427W), conveyed their unwillingness to continue for a second term. M S K A & Associates LLP, established in 1978, is registered with the ICAI and PCAOB and has offices across 12 cities in India.

The Board meeting commenced at 12:45 hours and concluded at 13:50 hours on May 13, 2026.

Smartlink Holdings Limited has scheduled a board meeting on May 13, 2026, to approve its audited financial results for the quarter and year ended March 31, 2026. The company notified both BSE and NSE about this upcoming meeting through a formal intimation dated April 18, 2026.

Board Meeting Details

The meeting particulars are outlined in the following table:

Parameter: Details Meeting Date: May 13, 2026 (Wednesday) Purpose: Approve Audited Financial Results Period Covered: Quarter and Year ended March 31, 2026 Results Type: Standalone and Consolidated Regulation: SEBI (LODR) Regulations, 2015

Trading Window Restrictions

In accordance with the company's code of conduct for prevention of insider trading, Smartlink Holdings has implemented trading restrictions on its securities. The trading window was closed from April 1, 2026, and will remain closed until 48 hours after the financial results are disclosed to the stock exchanges.

Regulatory Compliance

The board meeting intimation has been sent pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The notification was signed by Company Secretary Edlan Fernandes and formally communicated to both BSE Limited and National Stock Exchange of India Limited.

Company Information

Smartlink Holdings Limited operates from its registered office in Verna Industrial Estate, Goa, with manufacturing facilities at the same location. The company also maintains a corporate office in Mumbai's Andheri East area. The notification confirms the company's commitment to maintaining transparency and regulatory compliance in its financial reporting processes.

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