Outcome of Board Meeting for the Un-audited financial results for quarter ended 30.06.2025 and other matters under Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) ....
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Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations grew to Rs 1,513.47 lakhs from Rs 1,262.08 lakhs in the year-ago quarter, an increase of nearly 20%. However, the loss before tax ballooned sharply to Rs 814.80 lakhs from Rs 281.70 lakhs, and net loss widened to Rs 610.61 lakhs vs Rs 136.33 lakhs YoY. Total expenses surged 51.6% to Rs 2,343.99 lakhs, driven by higher material costs, manufacturing expenses and finance costs, pointing to severe cost-side pressure. The Board also appointed new Internal, Secretarial and Cost Auditors for FY25-26, and changed the Company Secretary. The statutory auditor issued an unqualified limited review report. The company flagged ongoing gaps in MSME creditor identification and the absence of a bill-to-bill adjustment process.
Revenue growth is being more than wiped out by rising costs, with losses deepening sharply — a red flag for shareholders. Frequent changes in auditors and key managerial personnel, combined with persistent losses (FY25 net loss was Rs 1,029.83 lakhs), warrant close monitoring of margin trajectory and governance quality.