Outcome of Board Meeting for quarterly results for 30-06-2025.
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Sita Enterprises, a non-deposit-taking NBFC focused on investment and financing, reported Q1 FY26 results with Total Income of Rs. 213.76 lakhs versus Rs. 150.43 lakhs in Q1 FY25, a YoY growth of around 42%. Net Profit surged to Rs. 198.13 lakhs from Rs. 112.07 lakhs, an increase of roughly 77%, lifting Basic EPS to Rs. 6.60 from Rs. 3.74. Total expenses remained very low at Rs. 10.13 lakhs, keeping the business highly profitable. The statutory auditor, Patel Shah & Joshi, issued a clean (unmodified) review report, and no exceptional or extraordinary items were reported. The filing also notes that the open offer linked to the December 2024 change-of-control agreement (Mr. Jitendra Rasiklal Sanghvi acquiring 21 lakh shares, or 7%) concluded on 31-07-2025 with RBI approval already received.
Strong YoY jump in both revenue and profit suggests improved earnings momentum for this small NBFC, which could be positive for shareholders, though the absolute base is modest. The clean auditor opinion and nil exceptional items reduce near-term governance concerns, while the recently concluded open offer means fresh promoter control is now settled, giving investors clarity on ownership.