Outcome of Board Meeting Q1 ended 30th June 2025
Awaiting price reaction for this filing.
The Board approved unaudited results for Q1 FY26 (quarter ended 30 June 2025) along with the limited review report from statutory auditors SNMR & Associates. Revenue from operations stood at ₹26.52 lakhs, up roughly 9% year-on-year from ₹24.32 lakhs in Q1 FY25 but only marginally higher than ₹24.98 lakhs in the preceding quarter. Total expenses spiked to ₹36.83 lakhs (vs ₹26.49 lakhs in Q4 FY25), driven by higher other expenses of ₹16.99 lakhs. The company reported a net loss of ₹10.31 lakhs in Q1 FY26, wider sequentially compared to ₹1.79 lakhs loss in Q4 FY25, though significantly better than the ₹41.71 lakhs loss in Q1 FY25. Paid-up equity capital is ₹399.60 lakhs while reserves are negative at ₹(123.50) lakhs, indicating accumulated losses. EPS for the quarter was ₹(0.258). The auditor issued an unmodified limited review report with no qualifications or emphasis of matter.
The company remains loss-making with negative net worth, which is a concern for shareholders despite the sharp YoY improvement. The sequential widening of losses and rising other expenses suggest cost control remains weak; investors should watch for sustained revenue growth and a return to profitability.