Nagreeka Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Nagreeka Exports Limited reported its unaudited financial results for the quarter ended June 30, 2025. Revenue from operations fell sharply to ₹9,030.55 lacs from ₹17,145.08 lacs in the same quarter last year, a decline of about 47%. Net profit for the quarter stood at ₹91.96 lacs (EPS ₹0.29), down from ₹137.80 lacs (EPS ₹0.44) in Q1 FY25. The company noted that its spinning plant at Yavluj, Kolhapur, had suspended operations from February 21, 2025, and is now working towards normalcy. The board also approved re-appointment of three directors and proposed to waive remuneration for two executive directors, Sushil Patwari and Sunil Patwari, effective October 1, 2025.
The steep revenue drop and lower profits point to weak quarterly performance, likely tied to the spinning plant shutdown, which may weigh on the stock in the short term. However, the executive directors waiving their own remuneration signals cost discipline, which is mildly positive for shareholders.