Outcome of Board Meeting to consider and approve Unaudited Standalone & Consolidated Financial Statements for Quarter Ended 30th June 2025
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Mangalam Seeds' board approved unaudited Q1 FY26 results on August 13, 2025. On a standalone basis, revenue from operations fell sharply to ₹1,904.19 lakh from ₹2,962.63 lakh in Q1 FY25 (a decline of about 36% year-on-year), while standalone profit after tax dipped to ₹333.01 lakh from ₹370.09 lakh, though profit before tax edged up to ₹440.65 lakh from ₹414.03 lakh. On a consolidated basis, revenue jumped to ₹4,914.63 lakh from ₹3,221.74 lakh (a jump of about 52% year-on-year), and consolidated PAT rose slightly to ₹389.28 lakh from ₹383.54 lakh, with EPS at ₹3.55. The auditor MAAK & Associates issued a clean (unmodified) limited review report on both sets of results, with no qualifications or emphasis of matter. The board also appointed M/s Nimit B. Shah & Co as scrutinizer for the company.
Mixed picture for shareholders: the standalone seed business saw a sharp revenue drop in Q1, but the consolidated story is much stronger, driven by subsidiaries and the real estate segment, and overall profit remained healthy. Investors should watch whether the standalone weakness persists in coming quarters.