Financial Results for the quarter ended 30.06.2025 along with limited review report is attached herewith
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Southern Magnesium & Chemicals Ltd reported unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations stood at Rs 21.70 lakhs, down from Rs 29.36 lakhs in Q1 FY25, while total income fell to Rs 32.45 lakhs from Rs 45.63 lakhs. The company posted a loss before tax of Rs 13.18 lakhs and a net loss of Rs 9.86 lakhs, slightly wider than the Rs 6.92 lakh loss in the year-ago quarter. Loss per share was Rs 0.33. The board also approved the re-appointment of promoter directors Mr. N Ravi Prasad as MD & CEO (for 3 years from 13.11.2025) and Mr. N Rajender Prasad as Jt. MD & CFO (for 3 years from 10.08.2025), subject to shareholder approval at the 39th AGM on 29 September 2025. Brahmawa & Co. issued an unqualified limited review report on the results.
Continued quarter-on-quarter revenue decline and widening losses are negative signals for shareholders, though the results are small in absolute terms. Re-appointment of promoter-family leadership provides continuity at the top, but the AGM will need to ratify both appointments.