Unaudited Financial Results
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations for the quarter was NIL, compared to Rs 100 lakh in Q1 FY25 and Rs 510 lakh in Q4 FY25, indicating a 100% collapse in operating revenue. Total income of Rs 105.50 lakh came entirely from 'other income', with no operational business activity reported. The company posted a Profit After Tax of Rs 53.36 lakh (EPS of Rs 0.01) for the quarter, driven solely by other income rather than core operations. The statutory auditor, Chandabhoy & Jassoobhoy, issued a Disclaimer of Opinion, citing unresolved GST credit reconciliation, non-disclosure of MSME creditor classification, and unconfirmed supplier advances. The auditor flagged that these issues may have a material and pervasive impact on the company's financial position and noted that the books were prepared on a going concern basis.
This is a significant red flag for shareholders. The company has no operating revenue, its profitability is entirely dependent on other (non-core) income, and the auditor was unable to form an opinion on the financial statements due to multiple unresolved compliance and disclosure issues. Investors should treat this as a high-risk filing pending further clarity on the business outlook and resolution of the auditor's concerns.