Outcome of the Board Meeting held on Tuesday, August 12, 2025, in accordance with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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The Board of Directors of Speedage Commercials Ltd met on August 12, 2025, and approved the unaudited standalone financial results for the quarter ended June 30, 2025 (Q1 FY26). Revenue from operations was negligible at nil, while other income stood at Rs 5.00 lakhs, taking total income to Rs 5.00 lakhs. Total expenses were Rs 6.64 lakhs, resulting in a loss before tax of Rs 1.64 lakhs and a net loss (PAT) of Rs 1.77 lakhs, compared to a loss of Rs 5.99 lakhs in Q1 FY25. EPS came in at Rs (0.18) versus Rs (0.61) in the year-ago quarter. The statutory auditors, B L Dasharda & Associates, issued an unmodified limited review report with no qualifications.
The company continues to post losses on operations with virtually no core business revenue, relying entirely on other income. However, the quarterly loss has narrowed significantly compared to Q1 FY25, which is a marginal positive. Shareholders should note the absence of any operational revenue stream, making the stock a risky bet until core business activity picks up.