Outcome of Board Meeting
GANGESSECU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ganges Securities Limited reported FY2026 consolidated results with total revenue of Rs 3,610.90 Lakhs, down from Rs 3,798.26 Lakhs in FY2025 (about 5% decline). The company turned profitable with net profit after tax of Rs 145.76 Lakhs compared to a loss of Rs 371.06 Lakhs in the previous year. However, other comprehensive income swung significantly negative at Rs 3,489.69 Lakhs (vs positive Rs 890.89 Lakhs), largely due to mark-to-market losses on investments. The tea business segment reported a loss of Rs 566.95 Lakhs, worsening from Rs 128.29 Lakhs loss previously. The company changed its internal auditor to M/s M Parasrampuria & Co. for FY2026-27 and did not recommend any dividend for shareholders.
While the company returned to profitability on standalone and consolidated basis, the negative other comprehensive income and continued losses in the tea business segment may concern investors. The appointment of new internal auditors and no dividend recommendation suggest a cautious approach by management.