Ethos Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Ethos Limited reported Q1 FY26 standalone revenue from operations of ₹34,631.80 lakhs, up about 27% from ₹27,324.82 lakhs in Q1 FY25. However, net profit fell to ₹2,030.33 lakhs (standalone) and ₹1,901.91 lakhs (consolidated) from ₹2,296.32 lakhs and ₹2,280.40 lakhs respectively, as expenses and depreciation rose faster. Standalone EPS came in at ₹8.29 vs ₹9.38 a year ago. The auditor Walker Chandiok & Co LLP issued an unmodified (clean) limited review report on both sets of results, replacing the prior year reviewer S.R. Batliboi & Co LLP. The filing also notes the recently completed ₹40,990.50 lakhs rights issue, incorporation of a new Dubai-based subsidiary Ficus Trading LLC, and dilution of the company's stake in Ethos Lifestyle Private Limited to 75.05%.
Strong top-line growth signals healthy demand for the luxury watch retailer, but the drop in profit despite higher revenue points to margin pressure that may concern investors in the near term. The clean audit opinion, fresh capital from the rights issue, and international expansion via the Dubai subsidiary are positive structural developments for long-term shareholders.