BOARD MEETING OUTCOME TO CONSIDER AND APPROVE UNAUDITED FINANCIAL RESULTS WITH LIMITED REVIEW REPORT FOR THE QUARTER ENDED JUNE 30, 2025.
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The Board approved the unaudited financial results for Q1FY26 (quarter ended June 30, 2025) along with an unqualified limited review report from auditor Bansilal Shah & Company. Revenue from operations surged to ₹194.07 lakhs from ₹107.07 lakhs in Q1FY25, an 81% year-on-year jump. Net profit for the quarter rose to ₹3.03 lakhs (EPS ₹0.06) from ₹1.15 lakhs a year ago. However, total expenses (₹190.64 lakhs) grew almost in line with revenue, keeping pre-tax profit at just ₹3.43 lakhs and indicating compressed margins. The Board also approved increasing the company's borrowing limit to ₹20 crore under Section 180(1)(c) of the Companies Act — to fund a new dumper and a solar power plant — which will require shareholder approval at the next general meeting.
Strong top-line growth signals a recovery from FY25's ₹130 lakh net loss (driven by ₹139 lakh in exceptional items), but tight margins and a plan to nearly quadruple borrowing capacity raise concerns about leverage. Shareholders should track margin trends closely and review the borrowing resolution at the upcoming AGM, especially as 'Other Equity' stands at zero, leaving the balance sheet thin.