Dear Sirs, This is with reference to the captioned subject, the Board of Directors of the Company, at their meeting held today, i.e. August 12, 2025, that commenced at 12:30 P.M. and ....
Awaiting price reaction for this filing.
JMG Corporation's Board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited results on August 12, 2025. Total income rose sharply to Rs. 23.29 lakhs from Rs. 2.25 lakhs in the year-ago quarter, led by a jump in revenue from operations. However, total expenses also climbed steeply to Rs. 59.34 lakhs (vs. Rs. 20.91 lakhs a year ago), driven mainly by purchases of stock-in-trade and other expenses. The company reported a net loss of Rs. 36.05 lakhs, nearly double the Rs. 18.66 lakh loss in Q1 FY25. Loss per share widened to Rs. (0.16) from Rs. (0.08). Statutory auditor BSD & Co. issued an unqualified limited review report with no qualifications or emphasis of matter.
Despite a strong rebound in top-line, expenses are scaling up much faster, causing the net loss to nearly double year-on-year - a negative signal for near-term profitability. Shareholders should watch whether the company can control costs and convert revenue growth into profits.