Un-audited Financial Results of the Company for quarter ended June 30, 2025
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National Standard (India) Limited, a Lodha group real estate company, reported Q1 FY26 results with total income of ₹433.71 lakhs, almost entirely from other income (₹433.71 lakhs) as revenue from operations stood at nil. Total expenses rose sharply to ₹285.02 lakhs (vs ₹84.30 lakhs in Q1 FY25), mainly due to a jump in other expenses from ₹82.10 to ₹280.22 lakhs. Profit after tax fell to ₹98.68 lakhs (vs ₹264.26 lakhs in Q1 FY25), translating to an EPS of ₹0.49. The statutory auditor MSKA & Associates issued an unmodified limited review conclusion, and the board noted an ongoing scheme of merger by absorption with Lodha Developers Limited (the holding company) approved on July 30, 2024.
For shareholders, the operating business has effectively wound down (zero revenue from operations), with earnings coming mainly from other income — making the company's stock performance closely tied to the pending merger with Lodha Developers. The sharp expense growth and PAT decline in a non-operating quarter are not surprising given the merger context but signal limited standalone operating value.