The Board of Directors of the company at its meeting held today 14th August 2025, which commenced at 11.30 a.m. and concluded at 12.01 p.m. and has inter alia transacted the following business:- ? ....
NEAGI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations was Rs. 643.09 lakhs, nearly flat compared to Rs. 652.73 lakhs in the same quarter last year. However, net profit jumped sharply to Rs. 107.64 lakhs from Rs. 46.98 lakhs, with basic EPS rising to Rs. 17.30 from Rs. 7.55. The profit boost came mainly from higher fair value gains on investments (Rs. 198.58 lakhs vs Rs. 128.82 lakhs) and lower other expenditure. On a consolidated basis, net profit surged to Rs. 770.47 lakhs from Rs. 408.06 lakhs, largely driven by a share of profits from associates and joint venture of Rs. 662.83 lakhs. The board also approved a new Insider Trading policy. The statutory auditors (PKF Sridhar & Santhanam LLP) issued an unmodified limited review report.
The sharp year-on-year profit growth is encouraging, but most of the standalone gain is driven by non-operating fair value gains on investments rather than core plantation business performance. The company's plantation business is seasonal, so investors should view these quarterly numbers cautiously and wait for full-year results before drawing conclusions.