Please find the attached Results of Board Meeting held on July 25, 2025.
Awaiting price reaction for this filing.
Indiabulls Enterprises reported a consolidated net loss of Rs 5.73 crore for Q1 FY26 (ended June 30, 2025), wider than the Rs 3.39 crore loss in Q1 FY25. Revenue from operations fell ~11.6% YoY to Rs 13.16 crore from Rs 14.88 crore, while total expenses jumped to Rs 21.30 crore from Rs 18.52 crore, reflecting higher finance costs and depreciation. Standalone revenue dropped to Rs 10.68 crore from Rs 13.28 crore YoY, though standalone net loss narrowed to Rs 3.08 crore from Rs 5.18 crore. The equipment renting segment remained the main contributor but also swung to a Rs 5.19 crore segment loss. Consolidated other equity stood at a negative Rs 230.85 crore, indicating eroded net worth. The board also approved the appointment of Mr. Riyaz Javed Khan as Whole-time Director for 5 years, replacing Mr. Vijay Kumar Agrawal who resigned citing personal reasons, and appointed M/s. Sukesh & Co. as Secretarial Auditor for FY25-26 to FY27-28. A pending composite scheme of amalgamation involving the company with Dhani Services and Yaari Digital remains at NCLT, with the next hearing on August 7, 2025. The statutory auditor issued an unmodified limited review report.
The widening quarterly loss, declining revenues, and significantly negative consolidated net worth point to continued operational stress and weak shareholder equity, which may weigh on the stock. The pending NCLT-driven amalgamation scheme could materially reshape the company, making it a key event to watch for shareholders.