ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 07/08/2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suncity Synthetics Ltd's board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025) on 7 August 2025. Revenue from operations fell to Rs. 11.55 lakhs from Rs. 15.55 lakhs in the same quarter last year, a decline of about 26%. However, the company booked Rs. 5.80 lakhs as 'other income,' which lifted total income to Rs. 18.89 lakhs and pushed profit after tax to Rs. 5.85 lakhs versus Rs. 1.51 lakhs in Q1 FY25. Basic and diluted EPS stood at Rs. 0.12 compared to Rs. 0.03 earlier. Auditor S. Gandhi & Associates issued a clean limited review report with no qualifications or concerns flagged. The company operates in reprocessing of synthetic waste and PET bottle waste.
Core operating revenue shrank sharply, and the headline profit jump is largely driven by a one-off 'other income' line rather than business growth, which is a yellow flag for shareholders. The clean auditor opinion and small absolute size of numbers mean this is unlikely to move the stock meaningfully.