We wish to inform you that the Board of Directors at its meeting held on Wednesday August 13, 2025, adopted the Unaudited financial Results for the Quarter ended 30.06.2025 in accordance ....
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Glittek Granites Ltd announced its unaudited results for the quarter ended June 30, 2025. Revenue from operations collapsed to just Rs. 4.68 lakhs, down sharply from Rs. 103.97 lakhs in the same quarter last year — a drop of roughly 95%. The company, however, reported a profit after tax of Rs. 5.28 lakhs compared to a loss of Rs. 314.84 lakhs in Q1 FY25, with EPS at Rs. 0.02 versus a loss of Rs. 1.21 per share. Total income stood at Rs. 72.05 lakhs, with the bulk coming from 'Other Income' of Rs. 67.36 lakhs (vs Rs. 4 lakhs a year ago), since core operating revenue was negligible. The statutory auditors, M/s GRV & PK, issued an unmodified limited review report.
Core business activity has nearly dried up — revenue from operations is barely visible, which is a serious red flag for the going concern of the company's primary business. The reported profit is almost entirely propped up by non-operating 'other income,' so it cannot be considered a real turnaround. Shareholders should view this result with caution as the underlying operating business shows no sign of recovery.