The Board of Directors of the Company at its meeting held today i.e., Wednesday, the 13th day of August 2025, has inter-alia, considered and approved the following: 1. Un-Audited Financial ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ravileela Granites' Board approved the unaudited standalone financial results for the quarter ended 30th June 2025 (Q1 FY26), along with the limited review report by statutory auditors K Vijayaraghavan & Associates LLP. The company reported a net profit of Rs. 406.31 lakhs in Q1 FY26, swinging sharply from a loss of Rs. (158.34) lakhs in Q1 FY25. Revenue from operations stood at Rs. 105.86 lakhs. The full-year FY25 results had shown a loss of Rs. (375.12) lakhs. In a separate decision, the Board terminated the engagement of M/s. S. Suresh Babu & Co., Chartered Accountants as Internal Auditor with immediate effect after learning that the firm was allegedly set up by someone fraudulently impersonating a real chartered accountant. A new internal auditor will be appointed in due course.
A clear swing from loss to profit in Q1 FY26 is a positive signal for shareholders, suggesting operational improvement or a low-base recovery. However, the unusual internal auditor termination over alleged impersonation/fraud raises governance red flags, even though the company acted quickly. Net effect is mixed; investors should watch the new internal auditor appointment and the sustainability of the quarterly profit.