OUTCOME OF THE BOARD OF DIRECTORS MEETING HELD ON AUGUST 14, 2025
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The Board of Directors of Harshil Agrotech Ltd approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025) at its meeting held on August 14, 2025. Revenue from operations jumped sharply to Rs. 5,989.38 lacs from just Rs. 238.29 lacs in the same quarter last year, driven by trading activity in agriculture products. Profit Before Tax stood at Rs. 881.40 lacs versus a loss of Rs. 58.02 lacs in Q1 FY25, and Net Profit for the quarter was Rs. 652.98 lacs compared to a loss of Rs. 78.30 lacs earlier. EPS came in at Rs. 0.09 versus Rs. (0.01). The statutory auditor M/s. Marks & Co. issued a limited review report with an unmodified and unqualified opinion, with no qualifications or emphasis of matter.
Sharp turnaround in both revenue and profitability signals a strong recovery and scaling up of the company's trading business, which is positive for shareholders. However, the low base effect and very high inventory-related working capital changes suggest volatility; investors should watch consistency in subsequent quarters.