Shantai Industries Q4 FY26 sales down 78% loss ₹0.41 Cr

Key development and why it matters

Shantai Industries Ltd, a BSE-listed trading sector company (BSE: 512297), has reported a sharp fall in revenue and a swing to losses in the March 2026 quarter and the full financial year ended March 31, 2026. The standalone audited numbers show revenue from operations of ₹1.56 crore in Q4 FY26, down 78.42% year-on-year from ₹7.23 crore in Q4 FY25. The company reported a net loss of ₹0.41 crore in Q4 FY26 versus a net profit of ₹0.08 crore in the year-ago quarter.

For the full year, Shantai Industries reported revenue from operations of ₹9.81 crore in FY26 compared with ₹20.25 crore in FY25, while net profit turned into a net loss. The Board of Directors approved the audited financial results at its meeting held on May 25, 2026. The company also re-appointed Mr. Dharan Shah, Chartered Accountant, as Internal Auditor for FY27, effective May 25, 2026.

Q4 FY26 performance: revenue contraction and loss

The March 2026 quarter captured the steepest pressure in reported sales, with revenue from operations at ₹1.56 crore. Alongside the revenue decline, the company’s operating profitability was weak. Reported EBITDA for the quarter was negative at ₹0.37 crore, compared to ₹0.10 crore in Q4 FY25.

The reported quarterly net loss stood at ₹0.41 crore in Q4 FY26. In the same quarter last year, the company posted a net profit of ₹0.08 crore. The operating margin data included in the results shows OPM at -26.28% for Q4 FY26, versus 0.55% in Q4 FY25.

The quarterly snapshot in the company’s results database also shows that in March 2026, net sales were ₹1.56 crore against total expenditure of ₹1.98 crore, leading to an operating profit of -₹0.42 crore for the quarter. Profit after tax for March 2026 is shown at -₹0.41 crore, aligning with the disclosed quarterly net loss.

FY26 results: net loss of ₹1.31 crore

For FY26, Shantai Industries reported a net loss of ₹1.31 crore, reversing the net profit of ₹0.31 crore reported in FY25. Revenue from operations fell to ₹9.81 crore in FY26 from ₹20.25 crore in FY25, a decline of about 51.56%.

The company’s expense line in the audited summary shows total expenses of ₹11.17 crore in FY26 versus ₹20.01 crore in FY25. Despite lower expenses, profitability remained negative, resulting in the reported annual loss. The results summary also mentions a loss per share of ₹8.76 for FY26, and for Q4 FY26, a loss per share of ₹2.74.

In another disclosure format, FY26 net loss is stated as ₹131.353 lakh (₹1.31 crore), compared to FY25 net profit of ₹30.631 lakh (₹0.31 crore). Revenue from operations is stated as ₹981.200 lakh (₹9.81 crore) in FY26 compared to ₹2,024.965 lakh (₹20.25 crore) in FY25.

How the year unfolded across quarters

Quarterly data (in ₹ crore) shows volatility through FY26. Net sales moved from ₹7.24 crore in March 2025 to ₹4.22 crore in June 2025, then ₹2.52 crore in September 2025 and ₹1.51 crore in December 2025, before slightly rising to ₹1.56 crore in March 2026. Profitability also deteriorated across the period, with operating profit turning negative in December 2025 and remaining negative in March 2026.

The Q1 FY26 (quarter ended June 2025) snapshot highlights that total revenue was ₹4.22 crore versus ₹7.23 crore in the immediately preceding quarter (March 2025), a quarter-on-quarter decline of 41.61%. Net income for June 2025 was -₹0.03 crore versus ₹0.08 crore in March 2025.

For Q2 FY26 (quarter ended September 30, 2025), the company reported revenue from operations of ₹2.52 crore, down 40.44% from ₹4.23 crore in Q2 FY25. However, net profit for the quarter increased to ₹0.10 crore from ₹0.10 crore in Q2 FY25, as stated in the Q2 release (₹10.49 lakh versus ₹9.66 lakh). For H1 FY26, revenue from operations was ₹6.74 crore versus ₹4.80 crore in H1 FY25, while H1 net profit was ₹0.07 crore versus ₹0.12 crore.

Board decisions, audit status, and governance updates

The Board approved the standalone audited financial results for the quarter and year ended March 31, 2026, at the meeting held on May 25, 2026. The audited financial results were reviewed by the statutory auditors, M/s DSI & Co., who issued an unmodified opinion, as stated in the company’s summary.

As part of governance and oversight, the Board re-appointed Mr. Dharan Shah as Internal Auditor for FY27. The disclosure notes that the appointment follows completion of his previous term and is effective from May 25, 2026.

The company’s registered office address is listed in Surat, Gujarat, and the Board meeting approving the unaudited Q2 and half-year results (quarter and half-year ended September 30, 2025) was held at the registered office on November 12, 2025.

Stock and trading snapshot on BSE

Market data in the release shows multiple price points across dates. One snapshot shows the share price at ₹95.10, down ₹0.96 or 1.00%, with a timestamp of BSE: 29 Jun, 4:00 PM. Another line states Shantai Industries was trading at ₹97.03, down 1.00% compared to the last closing price, and that it was trading at ₹97.03 as of Mon Jun 15, 2026.

The company’s shares are also stated to have closed at ₹99.99 on May 25, 2026 (BSE), the day the Board approved the audited results. These points indicate that the stock was being tracked closely around result-related dates, although the price references are captured at different timestamps.

Summary table: key financial metrics (standalone)

Corporate calendar: recent board meetings on results

Market impact and what investors can track

The most direct market signal in the provided data is the stock’s reported 1.00% decline at ₹95.10 (BSE snapshot: 29 Jun, 4:00 PM). Investors also have the audited FY26 numbers, where revenue contracted to ₹9.81 crore and the company reported a net loss of ₹1.31 crore.

From an operating perspective, the March 2026 quarter shows negative operating margin and negative EBITDA, highlighting pressure in profitability during the period when revenue fell sharply. The quarterly table also indicates that interest and depreciation were reported as zero across the periods presented, and the reported profit movement is driven primarily by operating performance and other income.

A near-term trigger in the dataset is the earnings update stating results are expected on 10/08/2026. Separately, the company’s formal audit and governance updates, including an unmodified audit opinion and the FY27 internal auditor appointment, are concrete disclosures that typically matter for disclosure quality and compliance tracking.

Conclusion

Shantai Industries’ audited standalone results for FY26 show a sharp revenue decline to ₹9.81 crore and a net loss of ₹1.31 crore, with Q4 FY26 revenue at ₹1.56 crore and net loss at ₹0.41 crore. The Board approved the audited results on May 25, 2026 and re-appointed Mr. Dharan Shah as Internal Auditor for FY27, effective the same date. The next datapoint flagged in the information provided is the earnings update expected on 10 Aug 2026, which will add further clarity on the company’s latest operating trajectory.