Outcome of Board Meeting held on July 22, 2025
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Solitaire Machine Tools Ltd announced its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) at a board meeting held on July 22, 2025. Revenue from operations fell sharply to Rs. 208.39 lakhs, down about 57% from Rs. 485.65 lakhs in the same quarter last year. Profit before tax dropped to Rs. 4.25 lakhs from Rs. 57.73 lakhs, and profit after tax slumped to just Rs. 4.11 lakhs versus Rs. 43.20 lakhs a year ago — a roughly 90% decline. Basic EPS fell to Rs. 0.09 from Rs. 0.95. The auditor K.C. Mehta & Co LLP issued a clean limited review report with no qualifications or concerns raised. The company operates in a single segment — manufacturing centreless grinding machines and spares.
This is a significantly negative quarter for shareholders, with both revenue and profits collapsing year-on-year. The near-flat profitability and continued dependence on a single product segment may weigh on investor sentiment in the near term.