Please find enclosed Standalone and Consolidated Unaudited Financial Result for the quarter ended 30th June, 2025
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Caspian Corporate Services reported Q1 FY26 results with the board approving both standalone and consolidated unaudited financials on 11 August 2025. On a standalone basis, revenue from operations grew about 59% year-on-year to ₹79.21 lakhs (vs ₹49.87 lakhs in Q1 FY25), but net profit collapsed to just ₹0.25 lakh from ₹17.14 lakhs a year ago due to a sharp jump in employee benefit expenses (₹73.45 lakhs vs ₹25.97 lakhs). On a consolidated basis, which includes two subsidiaries (Sumathi Corporate Services Pvt Ltd and Sumathi Brightshine Airport Service Pvt Ltd), total revenue was largely flat at ₹2,482.98 lakhs (vs ₹2,469.89 lakhs), but net profit after tax plunged to ₹5.36 lakhs from ₹309.31 lakhs in the year-ago quarter, hit by higher depreciation and operating costs. Auditor MAAK & Associates issued a clean limited review report with no qualifications and no emphasis of matter. The company operates in a single segment — manpower services.
While top-line held up, profitability took a severe hit on both standalone and consolidated levels, indicating sharp margin compression that may weigh on investor sentiment in the near term. The clean auditor report removes any governance overhang, but the steep drop in earnings is the key negative takeaway.