Prostarm Info Systems Limited has informed the Exchange regarding Outcome of Board Meeting held on August 14, 2025.
PROSTARM · price
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Awaiting price reaction for this filing.
Prostarm Info Systems reported its first quarterly results after listing on NSE/BSE on June 3, 2025, following a ₹16,800 lakh IPO. Standalone revenue from operations fell sharply to ₹5,097.63 lakhs in Q1 FY26, down about 46% year-on-year from ₹9,381.98 lakhs and about 35% sequentially from ₹7,797.08 lakhs in Q4 FY25. Profit before tax slipped to ₹214.34 lakhs (vs ₹248.83 lakhs YoY) and profit after tax dropped to ₹156.19 lakhs (vs ₹186.02 lakhs YoY), with basic EPS at ₹0.35. Consolidated revenue was ₹5,491.39 lakhs and consolidated PAT stood at ₹182.80 lakhs. Statutory auditors issued an unmodified limited review opinion with no qualifications. The board also approved a revision in remuneration for Whole-Time Director Mr. Raghu Ramesh Thammannashastri, appointed Sandeep P Parekh & Co as secretarial auditor for five years, re-appointed Y R Doshi & Associates as cost auditor for FY26, and scheduled the 18th AGM for September 26, 2025.
The steep YoY and sequential drop in revenue and profits is a negative signal for shareholders, especially as this is the first earnings print after the IPO. However, the clean auditor opinion and single-quarter nature of the dip mean the stock reaction will likely depend on whether management explains the decline as timing/project-based or structural. The auditor and director changes are routine governance matters subject to shareholder approval at the upcoming AGM.