Results-Financial Results March 31, 2026

Step Two Corporation reported a significant revenue decline to Rs. 316.42 Lakhs for FY2026 compared to Rs. 492.33 Lakhs in the previous year, representing a 35.7% drop. The company recorded a net loss of Rs. 136.32 Lakhs for the year, a sharp deterioration from a loss of Rs. 2.39 Lakhs in the previous year. An exceptional item of Rs. 25.02 Lakhs was written off due to a fraudulent withdrawal from a bank account dating back to 1997-98, which was previously disclosed but now deemed unrecoverable. The statutory auditor issued an unmodified (clean) opinion. Cash and cash equivalents collapsed from Rs. 119.83 Lakhs to just Rs. 1.93 Lakhs during the year.