Considered and approved the Un-audited Standalone Financial Results for Quarter ended June 30, 2025.
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Board approved unaudited standalone financial results for the quarter ended June 30, 2025. Revenue from operations more than doubled to Rs. 2,236 lakhs from Rs. 1,049 lakhs in Q1 FY25, driven entirely by the Real Estate segment (sale of plots and industrial units). Net profit rose modestly to Rs. 710.23 lakhs vs Rs. 630.44 lakhs in Q1 FY25, with no exceptional items booked this quarter. The Textiles segment remains shut since August 2008. The company has no current tax liability due to unabsorbed depreciation and brought-forward business losses. Auditor Kansariwala & Chevli issued an unmodified limited review report.
Strong top-line growth from Real Estate is encouraging, but earnings growth is modest and profit remains tax-shielded by past losses, meaning cash earnings lag reported profits. Revenue concentration in a single active segment is a risk for shareholders.