Unaudited Financial Results for the Quarter and Three Months ending June 30, 2025 is enclosed
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Awaiting price reaction for this filing.
Kovalam Investment & Trading Company reported unaudited results for Q1 FY26 with total income of Rs 142.18 lakhs, up about 30% from Rs 109.02 lakhs in the same quarter last year. Profit after tax rose to Rs 135.12 lakhs (vs Rs 101.83 lakhs), with basic EPS at Rs 6.08 (vs Rs 4.58). Other comprehensive income surged to Rs 2,440.61 lakhs, lifting total comprehensive income to Rs 2,575.73 lakhs, largely reflecting fair value gains on investments. The Board also appointed M/s P.S. Dua & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval at the 43rd AGM scheduled for September 25, 2025. A related-party transaction note flags that certain investments were sold to a related party at Rs 21.92 lakhs against their purchase cost of Rs 45 lakhs, indicating a loss on the sale.
Strong quarter-on-quarter profit growth and a sharp jump in comprehensive income may be positive for shareholders, but the related-party sale of investments at a loss is worth monitoring. The auditor and AGM items are routine compliance matters with no immediate effect on the stock price.