Outcome of Board meeting
Price
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The board of Tavernier Resources Ltd approved unaudited standalone financial results for the quarter ended June 30, 2025 (Q1 FY26). Revenue from operations stood at Rs 30.89 lakhs versus Rs 25.95 lakhs in the previous quarter and nil in the same quarter last year, suggesting the company has started generating core business revenue. Total revenue was Rs 31.66 lakhs with expenses of Rs 15.78 lakhs, yielding a profit before tax of Rs 15.88 lakhs compared to a loss of Rs 5.30 lakhs in Q1 FY25. Net profit was Rs 15.88 lakhs, translating to EPS of Rs 0.27. The statutory auditor (S.V. Agrawal & Co.) issued an unmodified limited review report but flagged two observations: the registered office shift to Ahmedabad is awaiting ROC/RD approval, and Rs 3,800 in Professional Tax remains unpaid.
The company swung from a loss to a profit on a year-on-year basis, with operations finally generating core revenue, which is a positive signal for shareholders. However, the auditor's observations about pending office-shift approval and unpaid statutory taxes indicate minor compliance gaps that investors should monitor.