Outcome of Board meeting held on 13.11.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Iconik Sports And Events Ltd (formerly ID Info Business Services Ltd, BSE Scrip: 511260) met on 13 November 2025 and approved the unaudited standalone financial results for the quarter and half-year ended 30 September 2025, along with the Limited Review Report. Revenue from operations for Q2 FY26 stood at Rs 1,302.84 lakhs, a sharp jump from just Rs 4.28 lakhs in Q2 FY25, while total income for H1 FY26 reached Rs 1,323.71 lakhs versus Rs 20.87 lakhs in H1 FY25. The company swung to a net profit of Rs 406.47 lakhs in Q2 FY26 from a loss of Rs 1.17 lakhs a year ago, with H1 FY26 profit at Rs 250.87 lakhs and Basic EPS of Rs 1.20 for the quarter. Total assets expanded to Rs 7,091.52 lakhs as on 30 September 2025, supported by Rs 2,837 lakhs received through share application money, indicating fresh equity infusion.
The dramatic revenue growth and return to profitability mark a significant turnaround from the previous year, though the sharp rise in trade receivables (Rs 2,490 lakhs vs Rs 1,140 lakhs) and reliance on fresh equity for cash flow warrant close monitoring. Shareholders should view this as a positive earnings signal but watch for collection efficiency and sustainability of the new revenue base.