Outcome of Board Meeting.
Price
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Awaiting price reaction for this filing.
Sharda Ispat's board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025), reporting revenue from operations of ₹2,781.96 lakhs, a sharp 41.7% decline from ₹4,775.82 lakhs in the same quarter last year. Net profit collapsed ~90% to just ₹28.39 lakhs (from ₹296.42 lakhs), with EPS falling to ₹0.56 from ₹5.84. Finance costs nearly doubled to ₹63.77 lakhs versus ₹31.99 lakhs a year ago, squeezing margins further. Statutory auditors Panpaliya Taori & Co. issued an unqualified (unmodified) limited review opinion. The board also re-appointed statutory and cost auditors and appointed a new secretarial auditor (M/s. Sunil Kumar Sharma & Associates) for a five-year term from 2025-26 to 2029-30.
This is a negative quarter for shareholders — both top line and bottom line have deteriorated sharply, with profits falling far faster than revenue, signalling significant margin pressure. Investors should watch for management commentary on demand weakness, pricing, and rising finance costs, as a sustained decline could weigh on the stock.