Scoda Tubes Reports FY26 Audited Results; Cancels EUR 7,000 Investment in Arvind sp.z o.o.
Scoda Tubes Limited announced its audited financial results for the quarter and year ended March 31, 2026. Total income for the year was ₹5,292.21 crore and profit after tax was ₹388.43 crore. The company also cancelled its proposed investment of EUR 7,000 in Arvind sp.z o.o. due to operational and regulatory challenges.
The financial results are routine, and the cancelled investment amount is immaterial to the company's overall operations.
The financial results are presented as audited, with an unmodified opinion. The cancellation of the investment is a neutral event as it avoids potential future issues.
Scoda Tubes Limited announced the outcome of its Board Meeting held on May 26, 2026. The Board considered, approved, and took on record the Audited Financial Statements and Financial Results for the financial year and quarter ended March 31, 2026, along with auditor's reports which expressed an unmodified opinion.
The company reported total income of ₹1,279.72 crore for the quarter ended March 31, 2026, and ₹5,292.21 crore for the full financial year ended March 31, 2026. Profit after tax for the quarter was ₹63.19 crore, and for the year, it was ₹388.43 crore.
Additionally, the Board approved the cancellation of the proposed investment of EUR 7,000 (approximately ₹6.17 lakh) towards the acquisition of 100% stake in Arvind sp.z o.o. This decision was primarily due to operational difficulties in remitting the investment amount, along with regulatory approvals, banking procedures, foreign exchange, and cross-border remittance constraints.
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