Unaudited Financial Results for the quarter ended 30.06.2025
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Iconik Sports and Events Ltd reported a net loss of ₹155.60 lakh for Q1 FY26, compared to a profit of ₹317.38 lakh in Q4 FY25 and a small loss of ₹4.47 lakh in Q1 FY25. Revenue from operations dropped to nil this quarter from ₹1,271.19 lakh in the preceding quarter, with other income of just ₹16.59 lakh. Total expenses stood at ₹172.19 lakh, and basic EPS came in at (₹4.25). The board also finalised the outcome of its preferential allotment of 1.41 crore equity shares at ₹20 each, raising ₹28.37 crore, which will be used for working capital, repayment of long-term liabilities, and clearing past GST dues.
Core operations seem to have stalled with zero revenue from operations this quarter, pushing the company into a loss and signalling operational weakness — though the fresh capital raise should support working capital and debt/GST repayment in the near term.