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Awaiting price reaction for this filing.
Simplex Realty Ltd reported Q1 FY26 (Apr–Jun 2025) unaudited results, with standalone revenue from operations falling to ₹250.16 lakhs from ₹400.76 lakhs in Q1 FY25, a decline of roughly 37.6%. The company swung to a standalone loss of ₹112.73 lakhs in Q1 FY26, compared to a profit of ₹96.69 lakhs in the same quarter last year; the loss was driven mainly by a large deferred tax charge of ₹155.52 lakhs on a modest pre-tax profit of ₹51.02 lakhs. On a consolidated basis, the company also reported a loss of ₹113.83 lakhs. The Board approved a Supplementary Agreement with its new wholly-owned subsidiary, Simplex Modern Homes Pvt Ltd (added w.e.f. 9 April 2025), for project assignment — details to be disclosed upon execution. The statutory auditor issued an unqualified limited review but included an Emphasis of Matter flagging that two associates (Simplex Mills Company Ltd and Simplex Papers Ltd) have fully eroded net worth, raising a going concern uncertainty, and that inter-associate loans remain un-impaired.
Near-term, the swing to a loss — largely from non-cash deferred tax — and the auditor's flag on the two loss-making associates may weigh on sentiment, but the new subsidiary and project assignment agreement could support future revenue. Shareholders should watch for the supplementary agreement details and the associates' recovery plan, as these are the key swing factors for the stock.