Approval of financial results for the quarter ended on 30th June,2025 and took note of compliance
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Popular Estate Management's board, meeting on 14 August 2025, approved the unaudited financial results for the quarter ended 30 June 2025 along with the limited review report from statutory auditor H.S. Jani & Associates. The company reported total income of Rs. 46.58 lakhs for the quarter, entirely from 'other income' with no revenue from operations. Total expenses stood at Rs. 9.48 lakhs. The company posted a net loss of Rs. 9.48 lakhs, narrowing from a Rs. 16.08 lakh loss in the same quarter last year. Exceptional items of Rs. 14.59 lakhs were recorded. The auditor issued an unqualified review report with no qualifications.
While the year-on-year loss narrowed by roughly 41%, the company continues to report net losses and generated no operating revenue this quarter, relying entirely on other income. This is a weak performance signal for shareholders, though the unqualified auditor opinion provides some comfort.