Outcome of 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.
Duke Offshore's board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total income fell sharply to Rs 6.50 lakhs from Rs 74.93 lakhs in the same quarter last year, a drop of about 91%, driven by lower other income (Rs 6.50 lakhs vs Rs 68 lakhs). The company reported a loss after tax of Rs 39.56 lakhs, wider than the Rs 23.97 lakh loss in Q1 FY25, with losses per share at Rs 0.40. Other equity remains deeply negative at Rs 507.47 lakhs, and full-year FY25 loss stood at Rs 219.77 lakhs. Statutory auditor Kirtane & Pandit LLP issued an unmodified review report with no qualifications.
Continued losses, eroding net worth, and negligible operating revenue raise serious going-concern questions for shareholders. The stock may remain under pressure until the company demonstrates meaningful revenue traction in its offshore business.