Declaration of unaudited financial results for the quarter ended 30.06.2025 and other business items.
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Awaiting price reaction for this filing.
Hemang Resources Ltd reported its unaudited standalone results for Q1 FY26 (quarter ended June 30, 2025), with revenue from operations of Rs. 123.76 lakhs, sharply higher than Rs. 30.88 lakhs in the year-ago quarter. Total income for the quarter came in at Rs. 201.01 lakhs versus Rs. 30.96 lakhs in Q1 FY25. The company swung back to a profit of Rs. 53.64 lakhs from a loss of Rs. 20.11 lakhs in the same quarter last year, giving an EPS of Rs. 0.41. The statutory auditor, A. John Moris & Co., issued a clean limited review report with no qualifications or emphasis of matter. Separately, Ms. Maya Vishwakarma resigned with immediate effect from the posts of Company Secretary, Compliance Officer, and Chief Financial Officer. The company's operations span coal trading and infrastructure/trading in land.
The strong year-on-year revenue jump and return to profitability are positive for the stock. However, the sudden exit of the CFO and Company Secretary on the same day as results were declared could raise short-term governance concerns; investors should watch for a quick replacement.