Revised outcome of Board Meeting held on Wednesday, 14th August, 2024 to approve and take on record quarterly financial results for quarter ended on 30th June, 2024. These unaudited financial ....
Awaiting price reaction for this filing.
BLS Infotech Ltd has resubmitted its Board Meeting outcome along with unaudited standalone financial results for the quarter ended 30 June 2024. The results were reviewed by statutory auditors M/s Acharyya Swapan & Co and approved by the Audit Committee on 14 August 2024. The company reported total revenue of around Rs 0.72 lakh for Q1 FY25 versus Rs 0.75 lakh for FY24, with net profit of approximately Rs 0.40 lakh compared to Rs 0.05 lakh in the corresponding quarter last year. Income tax provision has been deferred and will be booked only in the final quarter of the financial year. Previous period figures have been restated/regrouped wherever necessary.
The company operates at a very small scale with negligible revenues and profits, indicating limited business activity. For shareholders, this is essentially a procedural compliance filing with no material change in business performance; the stock is likely thinly traded and the financial numbers are too small to meaningfully impact valuation.