submission of rectified results due to discrepancy marked by bse for quarter ending 30.06.2025
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Awaiting price reaction for this filing.
Indo Gulf Industries has resubmitted its Q1 FY26 unaudited results after BSE flagged a discrepancy in the earlier filing. Revenue from operations rose to Rs 6,995.50 lakh from Rs 6,287.17 lakh in Q1 FY25, an increase of about 11%. However, profit before tax fell to Rs 279.12 lakh from Rs 381.92 lakh, and net profit dropped sharply to Rs 104.14 lakh from Rs 273.42 lakh, largely because the company set aside Rs 174.98 lakh as tax expense versus Rs 108.51 lakh last year. Total expenses climbed to Rs 6,726.52 lakh from Rs 5,910.09 lakh. EPS for the quarter stood at Rs 1.09 versus Rs 2.86 in the year-ago quarter. The auditor (Hemant Arora & Co. LLP) issued an unmodified limited review report, and the board approved the results on 14 August 2025.
Short-term negative for shareholders, as net profit nearly halved year-on-year despite revenue growth, and the need to rectify the filing after a BSE flag raises minor governance concerns. The unusually high tax outgo is the main drag on bottom-line performance.