Sharda Motor Industries Limited has informed the Exchange regarding 'Outcome of the Board Meeting'.
SHARDAMOTR · price
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Sharda Motor Industries' board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), with S.R. Dinodia & Co. LLP issuing an unmodified review opinion. Standalone revenue from operations rose to Rs 75,624.81 lakh from Rs 68,543.17 lakh a year ago (about 10% growth), while standalone profit after tax jumped to Rs 9,901.26 lakh from Rs 7,625.40 lakh, a growth of roughly 30% year-on-year. Results include an exceptional item of Rs 2,240.92 lakh, which is a profit from the sale of land and building that had been classified as held for sale. The board also re-appointed Gurdeep Singh & Associates as cost auditors for FY25-26 and appointed VKC & Associates as secretarial auditors for a five-year term (FY25-26 to FY29-30), subject to shareholder approval.
Strong double-digit profit growth driven by both core operations and a one-time land sale gain is positive for shareholders, though the exceptional item inflates the headline PAT. No negative audit observations, and routine auditor appointments suggest smooth governance.