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Suncare Traders Ltd reported unaudited results for Q1 FY26 (quarter ended 30 June 2025). Total income stood at Rs. 111.54 lakh, marginally up from Rs. 109.32 lakh in Q1 FY25. Total expenses dropped sharply to Rs. 18.15 lakh from Rs. 41.82 lakh, helping the company swing to a net profit of Rs. 95.89 lakh versus a loss of Rs. 23.96 lakh in the year-ago quarter. EPS came in at Rs. 0.04 versus (Rs. 0.01) earlier. The Board also approved the appointment of M/s Goenka Mehta and Associates, Chartered Accountants (Rajkot) as the new Statutory Auditor, subject to shareholder approval at the AGM, replacing the existing auditor D G M S & Co.
The sharp swing from loss to profit is a positive headline, but the auditor has flagged a qualified review report due to inability to verify existence and ownership of certain financial instruments (debentures), which is a recurring concern from the prior year audit. Shareholders should note the change in statutory auditor and the qualification in the auditor's report, which warrants caution despite the improved quarterly numbers.