Pursuant to Regulation 30 and 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule III to the SEBI Regulations, we inform you that board of directors ....
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Southern Infoconsultants Ltd reported weak Q1 FY26 (quarter ended June 30, 2025) results. Revenue from operations fell sharply to ₹87.67 lakhs from ₹173.80 lakhs in the year-ago quarter, a decline of roughly 50%. Total expenses stood at ₹118.04 lakhs, pushing the company into a pre-tax loss of ₹25.13 lakhs versus a small profit of ₹4.36 lakhs last year. Net loss for the quarter came in at ₹25.69 lakhs standalone and ₹24.73 lakhs consolidated (with a small ₹0.96 lakh profit share from associate Disha Capital Services), translating to a loss per share of ₹0.49 (consolidated) / ₹0.51 (standalone). The statutory auditor (V Sahai Tripathi & Co) issued a limited review with a qualified opinion, flagging that the company has not made any provision for gratuity as required under Ind AS 19, which overstates profits and understates liabilities. The auditor also drew attention via emphasis-of-matter notes on unreconciled trade receivables/payables/loans and a large work-in-progress (inventory) balance of ₹1,354.63 lakhs that could not be verified without supporting contracts.
Short-term negative for shareholders: revenue nearly halved YoY and the company swung from profit to loss. The auditor's qualified opinion and emphasis on unreconciled balances plus unverifiable WIP of over ₹13.5 crore (against total income of just ~₹93 lakh this quarter) are red flags that may weigh on the stock price and investor confidence.