Outcome of Board Meeting held on 14th August 2025
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The Board of Directors of New Markets Advisory Limited met on 14 August 2025 and approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). The company reported total revenue of approximately Rs. 16.95 lakhs and profit after tax of around Rs. 2.64 lakhs (EPS of Rs. 0.13), compared to a loss of Rs. 2.08 lakhs for the full year ended 31 March 2025. Revenue from operations stood at Rs. 11.75 lakhs, marking a significant jump from Rs. 0.75 lakhs in the corresponding quarter last year. The statutory auditor (Suvarna & Katdare) issued an unmodified (clean) limited review report with no qualifications. The Board also accepted the resignation of Mr. Kishore Kanhiyalal Jain as CFO (he continues as Whole Time Director) and appointed Mr. Jayesh Patil, a commerce graduate with over 20 years of finance experience, as the new CFO effective 14 August 2025.
The company returned to profitability in Q1 FY26 after a small loss in FY25, with strong revenue growth on a year-on-year basis. However, the absolute scale remains very small (revenue under Rs. 20 lakhs for the quarter), so this is more of a turnaround signal than a material earnings event. The CFO change appears routine and unlikely to impact operations, given the outgoing CFO continues as Whole Time Director.