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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
iStreet Network reported revenue from operations of ₹1,322.68 lakhs for Q1 FY26 (quarter ended 30 June 2025), more than doubling from ₹603.75 lakhs in Q1 FY25. Total income stood at ₹1,502.68 lakhs, lifted significantly by an unusual ₹180 lakhs in 'other income' compared to just ₹1.97 lakhs a year earlier. Profit after tax swung from a loss of ₹3.33 lakhs in Q1 FY25 to a profit of ₹246.83 lakhs, with basic EPS of ₹1.16. The statutory auditor (SMMP & Co.) issued a clean, unmodified limited review report with no qualifications. The filing also notes an ongoing change of control — acquirers Uttam I Dave and Yash Maheshwari are buying 85 lakh shares and taking over management from existing promoters, with the process nearing completion. However, the company's 'other equity' remains deeply negative at ₹(1,003.99) lakhs, meaning accumulated losses still exceed paid-up capital.
The headline numbers show a sharp turnaround in both revenue and profit, but the ₹180 lakh jump in other income is a one-off boost that shareholders should treat cautiously — sustainable growth depends on core operating revenue. The negative reserves are a structural concern that could constrain dividends and capital actions. Watch for completion of the promoter change and clarity on whether the higher revenue run-rate continues without the non-recurring income.