Outcome of the Board Meeting held today and Financial Results for Jun 30, 2025
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Awaiting price reaction for this filing.
Step Two Corporation's board, at a meeting held on 12 August 2025 (4:00 PM to 4:30 PM), approved the unaudited financial results for the quarter ended 30 June 2025. Total revenue from operations stood at Rs. 89.71 lakhs in Q1 FY26, sharply down from Rs. 257.27 lakhs in the corresponding quarter last year — a fall of roughly 65% year-on-year. Total income (including other income) also declined steeply to Rs. 82.13 lakhs from Rs. 298.88 lakhs in Q1 FY25. Statutory auditors M K Kothari & Associates issued an unmodified limited review report, indicating no material misstatements were identified.
The steep YoY drop in both revenue and total income is a red flag for shareholders and could weigh negatively on the stock. However, the clean (unqualified) auditor review provides some comfort on the integrity of the reported numbers.