Spacenet Enterprises India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Spacenet Enterprises reported consolidated revenue from operations of ₹5,338.96 lakhs for Q1 FY26 (quarter ended June 30, 2025), up about 55% from ₹3,443.73 lakhs in Q1 FY25, driven largely by strong growth in the service income segment (₹2,693.30 lakhs vs ₹822.57 lakhs). Consolidated profit after tax rose to ₹384.04 lakhs (₹0.07 EPS) from ₹256.98 lakhs (₹0.05 EPS), a jump of roughly 49% year-on-year. On a standalone basis, however, revenue was nearly flat at ₹2,693.33 lakhs and standalone PAT fell sharply to ₹26.78 lakhs from ₹154.65 lakhs, indicating that growth was largely contributed by subsidiaries. The board also approved an amendment to the Memorandum of Association to expand into HR consulting, HRMS/ERP software, e-learning and HR advisory services, and cleared material related party transactions that require shareholder approval.
Strong top-line and profit growth at the consolidated level is a positive signal, but the divergence between standalone (sharp PAT fall) and consolidated (strong PAT rise) performance suggests shareholders should watch subsidiary-level contributions closely. Expansion into HR and software services through the MoA amendment signals a strategic shift beyond trading, and the material related party transaction requiring shareholder nod is a governance item to track ahead of the AGM on September 29, 2025.