Outcome of Board Meeting held on August 14, 2025
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The Board of Gold Rock Investments, an NBFC and investment company, approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Total revenue from operations stood at Rs. 414.06 lakhs, sharply higher than Rs. 137.91 lakhs in the corresponding quarter last year, driven mainly by a Rs. 273.67 lakhs gain on sale of long-term investments. Profit Before Tax was Rs. 358.11 lakhs (vs Rs. 78.21 lakhs), and Profit After Tax turned positive at Rs. 358.11 lakhs compared with a loss of Rs. 146.92 lakhs in Q1 FY25. Basic EPS came in at Rs. 45.58 vs negative Rs. 18.70 earlier. The Board also appointed Mr. Ajay Verma (DIN: 08704171) as an Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. Statutory auditor Rajeev Sharma & Associates issued an unmodified limited review report.
Headline numbers look strong, but management itself flags a Rs. 1,464.26 lakh one-time gain from FY24-25 sale of long-term investments as non-recurring, so the underlying earnings run-rate is weaker than the reported figures suggest; investors should look through these lump-sum gains. Appointment of a seasoned independent director is a mild positive for governance.