Outcome of Board Meeting for consideration and approval of unaudited Financial Results for the quarter ended June 30, 2025
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The Board of Directors of Team24 Consumer Products Ltd approved unaudited financial results for the quarter ended June 30, 2025, in a meeting held from 6:30 PM to 9:00 PM IST on August 13, 2025. The company swung back to profitability, reporting a net profit of Rs. 13.56 lakhs in Q1 FY26 compared to a net loss of Rs. 11.24 lakhs in the corresponding quarter of the previous year. Basic EPS for the quarter stood at Rs. 0.05 versus Rs. (0.10) earlier. The statutory auditor V C Shah & Co issued an unmodified (clean) limited review report, with no qualifications or emphasis matters. Paid-up share capital has risen sharply to Rs. 2,565 lakhs from Rs. 1,165 lakhs in the year-ago period, pointing to a recent capital raise.
The turnaround from loss to profit is a positive signal for shareholders, but the absolute profit level remains small. Investors should watch for details on operating revenue and the reason behind the sharp jump in share capital (likely a bonus or rights issue), which will affect ownership and future earnings dilution.