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Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs. 0 lacs, while other income rose modestly to Rs. 44.41 lacs from Rs. 41.71 lacs a year ago. Total expenditure fell to Rs. 8.01 lacs from Rs. 10.81 lacs, helping profit after tax rise to Rs. 36.40 lacs (vs Rs. 30.90 lacs in Q1 FY25), with EPS at Rs. 0.49 vs Rs. 0.42. The company reported no operating revenue, suggesting business activity remains dormant and earnings are driven entirely by other income. Statutory auditors M/s Ramanand & Associates were appointed for FY25-26, and K.C Nevatia & Associates were named as secretarial auditors for five years through FY29-30. The 51st AGM was scheduled for September 30, 2025.
Marginal YoY improvement in profit (~18%) on the back of lower expenses, but the absence of any operating revenue signals weak core business activity and limited growth visibility, which is a concern for shareholders.