We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. on Thursday, 14th August, 2025, inter-alia, considered and approved the following:- i. Unaudited ....
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Awaiting price reaction for this filing.
Competent Automobiles, an authorised Maruti Suzuki dealer, announced its Q1 FY26 (quarter ended 30 June 2025) unaudited results on 14 August 2025. Standalone revenue from operations fell about 10% year-on-year to Rs. 42,627.90 lakhs from Rs. 47,338.39 lakhs, while profit after tax dropped roughly 36% to Rs. 365.82 lakhs (EPS Rs. 5.95 vs Rs. 9.36). On a consolidated basis, revenue declined around 6% to Rs. 44,456.31 lakhs and PAT fell about 53% to Rs. 268.20 lakhs (EPS Rs. 4.36). The Showroom segment was the main drag, while Service & Spares held steady and improved profits. The board also fixed the 40th AGM for 27 September 2025 with a record date of 19 September 2025, and recommended re-appointment of Mrs. Kavita Ahuja as Whole Time Director for another 5 years. The statutory auditor (Dinesh Mehta & Co.) issued an unqualified limited review report on both sets of results.
Weak Q1 numbers with double-digit profit decline and revenue contraction may put short-term pressure on the stock, especially given the showroom slowdown. The dividend record date announcement hints at a possible dividend, which could provide some support.