Antarctica Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
ANTGRAPHIC · price
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Antarctica Limited reported its Q1 FY26 results on August 13, 2025, showing a sharp turnaround from the year-ago quarter. Revenue from operations jumped to ₹498.67 lakhs from just ₹13.97 lakhs in Q1 FY25, and the company swung to a profit after tax of ₹69.30 lakhs versus a loss of ₹22.49 lakhs previously, with EPS of ₹0.04. Segment data shows the entire revenue and profit came from the Agriculture & Others segment. However, the statutory auditor (Chandabhoy & Jassoobhoy) issued a Limited Review Report with a 'Basis for Disclaimer of Opinion', flagging that they are unable to express an opinion on the financial results. Key unresolved issues include pending GST credit reconciliation, missing MSME creditor classification, unconfirmed trade receivables and supplier advances, sales invoices without e-way bills or delivery proof, absence of goods inward registers, and non-provision of bank statements and bank reconciliation.
While the headline numbers show a dramatic revenue and profit recovery, the auditor's disclaimer of opinion is a serious red flag, meaning the reported figures may not be reliable or fully verifiable. Shareholders should treat the strong earnings print with significant caution and watch for management's response to the auditor's observations, as unresolved audit concerns could weigh on investor confidence and stock sentiment.