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The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company swung to a net profit of ₹132.16 lakhs from a restated net loss of ₹217.38 lakhs in Q1 FY25, driven by total income rising ~46% to ₹327.38 lakhs and expenses dropping to ₹150.76 lakhs. Basic EPS stood at ₹1.78 versus a loss of ₹0.15 per share a year ago. The Q1 FY25 figures were restated to reflect the amalgamation of Middle Path Trading Pvt Ltd and Shiraz Marketing Pvt Ltd into the company (NCLT order dated January 1, 2025, appointed date April 1, 2024). The statutory auditor (AKGSR & Co.) issued an unmodified limited review report. The Board also re-appointed V S P V & Co. as Internal Auditor for FY 2025-26 and recommended Kundan Agrawal & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval at the 36th AGM.
Strong swing to profitability and ~46% revenue growth mark a significant turnaround from the prior year's loss, though the comparison is affected by the amalgamation-related restatement. Shareholders should watch the AGM for the secretarial auditor appointment; near-term sentiment may improve on the positive quarterly earnings.