Re-submission of Limited Review Report submitted along with Consolidated Financial Results for the quarter ended 30th June, 2025
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Awaiting price reaction for this filing.
Remsons Industries has re-filed its Q1 FY26 (quarter ended 30 June 2025) consolidated and standalone financial results because the Limited Review Report originally mentioned the period as 30 June 2024 instead of 30 June 2025 — the company says this was a clerical error with no impact on audit conclusions or financial figures. On the consolidated side, revenue from operations rose to Rs 9,963.06 lakhs (vs Rs 7,650.41 lakhs in Q1 FY25), a growth of about 30% year-on-year, while profit after tax jumped to Rs 479.86 lakhs (vs Rs 268.31 lakhs), nearly 79% higher. Standalone performance was more modest, with revenue at Rs 6,626.94 lakhs (up about 7%) and PAT at Rs 202.18 lakhs (slightly down from Rs 227.21 lakhs). The auditor Kanu Doshi Associates LLP issued an unmodified (clean) review report. The results also note a gain of Rs 90.19 lakhs booked as an exceptional item from sale of a residential property in Gurugram, and update that the proposed acquisition of Astro Motors has been partly cancelled, leaving it as a 35.86% associate rather than a subsidiary.
The re-submission itself is a procedural correction and unlikely to move the stock. However, the underlying numbers are positive — strong double-digit consolidated revenue growth and a sharp jump in consolidated profit signal improving business momentum, though standalone earnings remain flat.