Ganges Securities Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
GANGESSECU · price
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Ganges Securities Limited submitted its Q1 FY26 results (quarter ended June 30, 2025). On a consolidated basis, revenue from operations stood at ₹635.63 lakhs, down from ₹771.90 lakhs in Q1 FY25, mainly due to lower tea business sales. Net profit was largely flat at ₹103.18 lakhs versus ₹105.35 lakhs a year ago, with EPS of ₹1.03. On a standalone basis, which is mostly an investing business, profit after tax fell to ₹12.89 lakhs from ₹33.66 lakhs YoY. The company operates in two segments: Investing Business and Tea Business (through wholly owned subsidiary Cinnatolliah Tea Limited). Prior-year figures have been restated following discovery of a fraud by the subsidiary's former CFO, who misappropriated funds via fictitious invoices from April 2022 to November 2024; an FIR was filed and ₹101.86 lakhs was booked as an exceptional item in FY25.
Mixed picture: consolidated profitability is steady despite revenue dip, but standalone earnings weakened sharply, and the fraud-related restatement in the tea subsidiary is a governance red flag that investors should monitor. The results are unaudited and limited-reviewed by auditors with an unqualified conclusion.