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Choksi Asia Ltd's board met on August 12, 2025 and approved the standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose to ₹1,189.75 lakhs from ₹774.17 lakhs in the same quarter last year, a jump of about 54%. However, net profit fell to ₹107.44 lakhs from ₹153.28 lakhs, a decline of around 30%, pulling EPS down to ₹1.88 from ₹2.69. The board also appointed Mr. Tushar Parikh, a practicing Chartered Accountant specializing in GST, as a Non-Executive Non-Independent (Additional) Director for three years. He is not related to any existing director or KMP. The results were subjected to a limited review by statutory auditors Karia & Shah with no qualifications noted.
Strong top-line growth was offset by a sharp drop in profit, suggesting margin pressure from rising purchase costs (up from ₹412 lakhs to ₹995 lakhs year-on-year). The addition of a GST-specialist director is neutral but may bring taxation expertise to the board. Short-term shareholder sentiment may be cautious due to the profit decline despite revenue growth.