Un-Audited Financial Results for the Quarter ended June 30,2025.
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Edvenswa Enterprises reported strong Q1 FY26 results with consolidated revenue from operations at Rs. 4,042.82 lakhs, up about 68% from Rs. 2,409.12 lakhs in Q1 FY25. Consolidated profit after tax jumped to Rs. 439.56 lakhs (vs Rs. 223.91 lakhs), aided partly by a Rs. 185.94 lakh tax refund from US IRS for the US subsidiary. Standalone revenue rose sharply to Rs. 165.50 lakhs from Rs. 60.02 lakhs, with standalone PAT at Rs. 20.84 lakhs (vs Rs. 8.07 lakhs). The board also approved acquiring a 51% stake in Strategemist Global Private Limited (an IT services firm incorporated Feb 2025) for cash, making it a subsidiary. The auditor (Venugopal & Chenoy) issued an unqualified limited review report, and there is no deviation in the use of funds from the earlier rights issue of Rs. 26.69 crores.
Strong top-line growth and healthy PAT expansion are positive signals for shareholders, though part of the PAT boost comes from a one-time tax refund. The new subsidiary acquisition signals intent to grow IT services capabilities, but the target is freshly incorporated with no track record, so execution risk remains.