Submission of Unaudited standalone and consolidated financial results for the quarter ended 30th June, 2025
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Awaiting price reaction for this filing.
Abate As Industries (formerly Trijal Industries) reported consolidated Q1 FY26 revenue of Rs 4,147.91 lakhs and consolidated profit after tax of Rs 224.64 lakhs, with basic EPS of Rs 0.19. On a standalone basis, the picture is far smaller: revenue of just Rs 40 lakhs and PAT of Rs 13.46 lakhs. The dramatic jump in consolidated numbers is almost entirely due to three subsidiaries (Salamath Import & Exports, Prudential Management Services, Sky International Trading WLL) and one associate (SAIA Educational Support Services WLL) being added to the group through a share-swap preferential issue on 25 February 2025, which ballooned paid-up capital from Rs 5.01 crore to Rs 78.80 crore. Auditors Mahesh C. Solanki & Co issued clean (unqualified) review reports on both sets of results, though the subsidiaries were reviewed by other auditors and prior-period consolidated figures were not reviewed.
The headline growth looks impressive but is inorganic — it comes from acquired subsidiaries rather than the company's own operations, which remain tiny. Shareholders should watch standalone performance closely; the heavy share dilution and new group structure may keep the stock volatile.