The Board of Directors of the Company at its Meeting held today i.e. 06 August, 2025, has inter alia, considered and approved the Un-audited Financial Results of the Company for the quarter ....
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The board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations more than doubled to about Rs.67.56 crore from Rs.30.70 crore in the same quarter last year, driven largely by a Rs.60 crore slump sale of the Anjana Project. Net profit rose sharply to Rs.2.72 crore (EPS Rs.0.14) versus Rs.0.95 crore (EPS Rs.0.05) in Q1 FY25, a growth of roughly 187% year-on-year. The statutory auditor L.B. Jha & Co. issued an unmodified limited review report but flagged an emphasis-of-matter note on the Anjana transaction, suggesting only the Rs.2.49 crore profit element should have been booked under 'Other Income' rather than the full Rs.60 crore as revenue from operations. The board also appointed Ms. Prachi Todi as Secretarial Auditor for five years (FY26–FY30) and fixed the 19th AGM for 25 September 2025.
Strong top-line and bottom-line growth is positive for shareholders, but a meaningful slice of the jump is one-off in nature from the Anjana slump sale, so underlying operating performance should be read with care. The auditor's emphasis-of-matter comment on revenue classification is not a qualification but may invite closer scrutiny from investors on the quality of reported revenue.