The financial results for quarter ended on 30th June, 2025 is enclosed.
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Sawaca Enterprises reported revenue from operations of Rs. 846.86 lakhs for Q1 FY26, nearly half of Rs. 1,704.85 lakhs in the same quarter last year, marking a sharp ~50% YoY decline. Total income fell to Rs. 893.42 lakhs from Rs. 1,744.87 lakhs YoY. Profit after tax dropped to Rs. 4.37 lakhs from Rs. 27.31 lakhs, while EPS came in at Rs. 0.0008 vs Rs. 0.008 earlier. The limited review report from auditors was clean, with no qualifications or adverse comments. Separately, the board approved appointing M/s Shah Sanghvi & Associates as statutory auditor for a 5-year term, replacing M/s M A A K & Associates due to mandatory rotation, subject to shareholder approval.
The steep revenue fall and shrinking profits indicate a significant business slowdown and may weigh negatively on sentiment; the auditor change is a routine regulatory rotation and not a red flag on its own.