Outcome of Board Meeting
GANGESSECU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ganges Securities Ltd reported audited FY 2026 results with mixed performance. Standalone net profit grew 11.6% to Rs 433.64 lakhs (vs Rs 388.54 lakhs), driven by higher interest income (Rs 2951 lakhs vs Rs 1529 lakhs). However, consolidated results showed a loss of Rs 371.06 lakhs (vs profit of Rs 268.97 lakhs), mainly due to Tea segment losses of Rs 566.95 lakhs. Total consolidated revenue declined to Rs 3610.90 lakhs from Rs 3798.26 lakhs. Other comprehensive income turned deeply negative at Rs 13907.84 lakhs, largely from fair value changes in investments. An exceptional item of Rs 101.86 lakhs was recognized for fraud impact at subsidiary Cinnatolliah Tea Limited. No dividend was recommended. JKVS & Co issued unmodified opinion; M/s M Parasrampuria & Co appointed as new internal auditors.
Standalone performance remains healthy but consolidated results are weak due to Tea business losses. Large negative OCI suggests investment portfolio decline which may concern investors. Loss-making consolidated result and no dividend could weigh on stock sentiment.