We would like to bring to your kind attention that a typographical error was identified in Note No. 1 of the result section of the Unaudited financial results submitted to the exchange ....
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Awaiting price reaction for this filing.
Simran Farms reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results along with several board decisions. Total revenue grew about 16% year-on-year to Rs. 20,546 lakhs from Rs. 17,697 lakhs, driven by higher operations. However, operating profit collapsed sharply from Rs. 1,220 lakhs to Rs. 100 lakhs, and net profit fell about 92% to just Rs. 71 lakhs (from Rs. 870 lakhs). Raw material costs jumped nearly 25% and finance costs more than quadrupled, squeezing margins. The board also approved the appointment of a new secretarial auditor for five years, set the AGM for September 25, 2025, and noted that Whole Time Director Kawaljeet Singh Bhatia will step down as WTD but continue as a Non-Executive Director. The filing also corrects a typographical error in Note 1 of the earlier submitted results.
Despite top-line growth, the steep 92% drop in net profit signals severe margin pressure and rising costs, which is likely negative for the stock in the short term. The director transition is administrative and should not materially affect operations. Investors should watch for improvement in input costs and finance expenses in coming quarters.