Chiraharit Limited reported a 94% decline in profit after tax for FY 2025-26, with profit after tax falling to ₹40.66 lakhs from ₹650.25 lakhs in the previous year. Revenue also saw a 6.17% decrease to ₹4,822.70 lakhs. The company highlighted the impact of increased operational expenses and initiated measures to improve efficiency. Funds raised from its maiden IPO in October 2025 are being utilized for growth plans.
Financial Performance Overview
Chiraharit Limited announced its financial results for the fiscal year ended March 31, 2026. The company experienced a significant downturn in profitability, with profit after tax dropping by 94% to ₹40.66 lakhs compared to ₹650.25 lakhs in the prior fiscal year. This decline was attributed to various factors, including increased operational expenses and cost pressures. On a consolidated basis, the profit after tax was ₹2.14 lakhs, down from ₹602.29 lakhs.
Revenue and Key Changes
Revenue from operations for the year stood at ₹4,822.70 lakhs, a decrease of 6.17% from the previous year’s ₹5,139.60 lakhs. The company noted a shift in revenue composition, with product sales increasing by 15.44% while service sales decreased by 45.03%. This change, along with higher direct and other related expenses, impacted profitability.
Strategic Initiatives and IPO Impact
Following its maiden Initial Public Offering (IPO) and listing on the BSE SME Platform in October 2025, Chiraharit Limited has strengthened its financial foundation. The funds raised are being utilized to pursue growth plans, optimize operations, and enhance execution capabilities. The company is focusing on cost optimization, working capital management, and timely project completion to ensure sustainable growth.
Sectoral Focus and Operations
Chiraharit Limited continues to operate across two key sectors: Water and Renewable Energy, focusing on EPC contracts. Its business verticals include Water Infrastructure (irrigation systems, solar module cleaning), Renewable Energy (Compressed Bio-Gas plants), and Civil Construction. The company is also expanding its presence in international markets and developing new products like robotic module cleaning systems.
Source: BSE
