Un-audited Financial Results For The Quarter Ended June 30, 2025
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National Standard (India) Ltd, a Lodha Group real estate company, reported Q1 FY26 (quarter ended June 30, 2025) financial results. Revenue from operations was nil this quarter, with total income of ₹433.71 lakhs coming entirely from other income (vs ₹463.61 lakhs in Q1 FY25). Total expenses rose sharply to ₹285.02 lakhs from ₹84.30 lakhs a year ago, driven by higher other expenses. Profit before tax stood at ₹148.69 lakhs (vs ₹379.31 lakhs in Q1 FY25) and profit after tax fell to ₹98.68 lakhs from ₹264.26 lakhs, a YoY decline of roughly 63%. Basic EPS came in at ₹0.49 versus ₹1.32. Statutory auditor MSKA & Associates issued an unmodified (clean) limited review report. The 62nd AGM is scheduled for September 25, 2025 via video conferencing, and the previously approved scheme of merger with Lodha Developers Limited (Macrotech Developers) remains pending necessary approvals.
Shareholders saw a weak quarter with no operating revenue and a sharp ~63% YoY drop in net profit, though profitability remained supported by other income. The stock is unlikely to react positively in the near term; investor focus will likely shift to the pending merger with Lodha Developers, which remains subject to regulatory approvals.