Unaudited Financial Result for the Quarter Ended 30th June, 2025
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Newtrac Foods & Beverages (formerly Markobenz Ventures) reported its Q1 FY26 results. Revenue from operations stood at ₹1,337.24 lacs, down about 11% from ₹1,506.68 lacs in the same quarter last year. Total income fell to ₹1,364.55 lacs from ₹1,506.68 lacs, while total expenses dropped only modestly to ₹1,331.88 lacs. Profit before tax halved to ₹32.67 lacs (vs ₹60.40 lacs), and net profit for the quarter fell nearly 61% to ₹23.57 lacs (vs ₹60.40 lacs). Basic EPS came in at ₹0.12 versus ₹0.31 in Q1 FY25. Separately, the Board removed CEO Vishal Kelkar with immediate effect, citing non-fulfillment of the Holkar Project's terms and conditions. The statutory auditor (NKSC & Co.) issued an unmodified limited review report but flagged two emphasis-of-matter points: the company has not obtained a TAN, and the post of Company Secretary is vacant.
A weak quarter with sharply lower profits on softer revenue, alongside a sudden CEO exit linked to a stalled project, signals execution and management continuity risks for shareholders. The auditor's emphasis-of-matter notes further point to basic compliance gaps that investors should track closely.