We are enclosing unaudited results for the quarter ended 30th june,2025.
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Gagan Gases Ltd reported unaudited results for Q1 FY26 with revenue from operations falling sharply to Rs 85.89 lakhs from Rs 134.09 lakhs in the same quarter last year, a drop of roughly 36%. Total income stood at Rs 85.89 lakhs versus Rs 134.33 lakhs year-on-year. The company slipped into a wider loss, posting a loss before tax of Rs 6.85 lakhs compared to a loss of Rs 1.23 lakhs in Q1 FY25, translating to a loss per share of Rs 0.15. The auditor (Dilip K. Neema & Associates) issued an unmodified limited review report with no qualifications. Note that other equity as of 31 March 2025 was negative at Rs -120.69 lakhs, indicating accumulated losses exceeding equity capital.
Continued revenue decline and widening quarterly losses are negative for shareholders. The negative other equity position suggests the company's accumulated losses have eroded its net worth, which is a concern for long-term solvency and may weigh on the stock.