Submission Outcome of Board meeting held on 13th August 2025 to approve unaudited standalone and consolidated financial results for the quarter ended 30th June, 2025
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Abate As Industries' board approved unaudited Q1 FY26 results (quarter ended 30 June 2025) with a clean (unmodified) limited review report from statutory auditor Mahesh C. Solanki & Co. On a consolidated basis, revenue jumped sharply to Rs 4,147.91 lakhs from Rs 1,505.29 lakhs for the full previous year, while profit after tax surged to Rs 224.64 lakhs (versus Rs 110.05 lakhs for FY25 and a loss of Rs 3.53 lakhs in Q1 FY25). The massive scale-up is driven mainly by the consolidation of three subsidiaries (Salamath Import & Exports, Prudential Management Services, Sky International Trading WLL) and one associate (SAIA Educational Support Services WLL) acquired via a share swap in February 2025. Standalone numbers remain very small (revenue Rs 40 lakhs, PAT Rs 13.46 lakhs). The company also expanded its share capital from Rs 5.01 crore to Rs 78.80 crore through a preferential issue of 7.38 crore shares to promoter and non-promoter investors for non-cash consideration.
The headline numbers look strong, but growth is almost entirely inorganic from newly consolidated subsidiaries, not from the standalone business. Existing shareholders face significant dilution — equity capital grew roughly 15.7x via the preferential issue — so per-share earnings remain modest (consolidated EPS of Rs 0.19). Investors should watch whether the subsidiaries deliver sustained earnings and how the expanded capital base is utilised going forward.