Outcome of the Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited standalone financial results for the quarter ended June 30, 2025. Revenue from operations surged to Rs. 1,171.27 lakhs, up from Rs. 10 lakhs in the corresponding quarter last year, driven mainly by purchases of stock-in-trade of Rs. 1,144.99 lakhs. Profit after tax for the quarter rose to Rs. 8.89 lakhs versus Rs. 2.48 lakhs in Q1 FY25, with EPS improving to Rs. 0.16 from Rs. 0.05. The auditor (L K Ajmera & Associates) issued an unqualified review report with no qualifications. Notably, the company carries negative reserves of Rs. (491.01) lakhs, reflecting accumulated historical losses, while paid-up equity capital stands at Rs. 546.83 lakhs.
The sharp quarter-on-quarter revenue jump is a positive signal, but margins are razor-thin as cost of stock-in-trade consumed nearly 98% of revenue. The negative reserves are a red flag indicating past accumulated losses, though the company is currently profitable. Investors should watch whether this revenue growth is sustainable in coming quarters.