Outcome of Board Meeting for consideration and approval of Unaudited Financial Results for the quarter ended June 30, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Team24 Consumer Products Ltd (formerly Kore Foods Limited) reported its Q1 FY26 results, which were approved by the Board on August 13, 2025 and reviewed (unqualified) by statutory auditor V C Shah & Co. Net sales from operations were nil in the quarter, with total income of Rs. 65.76 lakhs coming entirely from 'other operating income.' Total expenses stood at Rs. 52.20 lakhs, including employee costs of Rs. 4.47 lakhs and other expenses of Rs. 50.35 lakhs. The company reported a net profit of Rs. 13.56 lakhs for the quarter (EPS of Rs. 0.10), against a profit of Rs. 287.43 lakhs in the year-ago quarter (which appears to have been boosted by a one-time gain). Reserves stood at Rs. 398.06 lakhs as per the latest audited balance sheet.
The result is largely neutral to mildly negative: core sales remain zero, the company is running on non-core 'other operating income,' and the headline profit is sharply lower than the prior-year quarter. Shareholders should note the absence of meaningful top-line activity and the heavy dependence on other income to stay marginally profitable.