Approval of Unaudited Standalone & Financial results for the quarter ended 30th June 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.7 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Swati Projects, an RBI-registered NBFC, reported Q1 FY26 standalone revenue of ₹45.87 lakhs, up about 55% from ₹29.53 lakhs in the year-ago quarter, with a standalone net profit of ₹21.52 lakhs (EPS ₹0.21) versus ₹20.18 lakhs (EPS ₹0.20) in Q1 FY25. On a consolidated basis, however, the picture turned negative — total income rose to ₹63.13 lakhs but expenses ballooned to ₹121.36 lakhs, producing an operating loss of ₹58.23 lakhs and a net loss of ₹65.08 lakhs, translating to a loss per share of ₹0.64. The consolidated loss is driven by the recently acquired subsidiary Radhashree Apartments Pvt Ltd (76% stake acquired in Dec 2024), which is in real estate and bike rental — these operations widened group losses compared to the standalone NBFC business. Both standalone and consolidated results received an unqualified limited review report from M Modi & Associates, with no going-concern flags or auditor changes.
Standalone NBFC operations remain profitable and growing, but the consolidated loss signals that newly consolidated subsidiaries are value-dilutive in the near term — shareholders should watch whether real estate and bike-rental businesses can turn profitable before judging the acquisition. The stock may face short-term pressure due to the consolidated loss per share, though the clean auditor review and absence of exceptional items limit fundamental concerns.