Suvidhaa Infoserve Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Suvidhaa Infoserve reported weak Q1 FY26 results with standalone income from operations plunging to Rs. 3.8 million from Rs. 37.9 million a year ago (~90% decline). Consolidated revenue from operations also fell sharply to Rs. 10.2 million from Rs. 42.2 million in Q1 FY25. The company posted a consolidated net loss of Rs. 43.0 million (vs Rs. 39.5 million loss YoY), while standalone loss narrowed to Rs. 4.3 million from Rs. 30.2 million. Subsidiaries contributed a net loss of Rs. 38.68 million on revenues of Rs. 6.94 million. The Board also accepted the resignation of statutory auditor M/s. GS Mathur & Co. effective August 13, 2025, and appointed M/s. Jain Kedia and Sharma as the new statutory auditor, with M/s. Patel and Mehta as internal auditor for FY26.
Sharp revenue decline and continued losses signal ongoing business stress for shareholders, though losses are slightly narrower on a standalone basis. The mid-year auditor change may raise governance questions and could contribute to short-term stock volatility.