Quarterly Result26 May 2026, 03:54 pm
Kovai Medical Revises FY26 Results Due to Tax Error
AI Summary
Kovai Medical Center & Hospital Ltd has revised its financial results for the quarter and year ended March 31, 2026, due to an inadvertent arithmetical error in the tax expense. The error was identified in the reported figure of the tax item filed with the exchange. The corrected figures show a change in the total tax expense from ₹2459.20 Lakhs to ₹2092.48 Lakhs for the quarter ended March 31, 2026. The company has taken steps to prevent such errors in the future, and the figures for the twelve months ended March 31, 2026, remain unchanged.
Key Highlights
- Kovai Medical revised FY26 results due to a tax expense error.
- Tax expense corrected from ₹2459.20 Lakhs to ₹2092.48 Lakhs for the quarter.
- Twelve-month figures ending March 31, 2026, remain unchanged.
- The error stemmed from a difference between full-year and cumulative nine-month tax amounts.
- Company implements measures to prevent future errors.
Price Impact
More from KOVAI