Unaudited Financial Results for the quarter ended June 30, 2025.
Awaiting price reaction for this filing.
South Asian Enterprises Ltd reported a loss of Rs 5.95 lakhs in Q1 FY26 (vs loss of Rs 2.12 lakhs in Q1 FY25). Revenue from operations fell sharply to Rs 3.60 lakhs from Rs 11.14 lakhs a year ago, a drop of about 68%, while total income declined to Rs 8.15 lakhs from Rs 21.62 lakhs. Total expenses stood at Rs 14.09 lakhs, with employee costs of Rs 5.07 lakhs being the largest item. The Board also approved writing off the entire dues of Chai Thela Private Limited, a former subsidiary of the company, subject to other approvals. The statutory auditor issued a clean limited review report with no adverse comments.
Continued losses and a steep fall in operating revenue signal weak core business performance, which is negative for shareholders. The write-off of the former subsidiary's dues removes a lingering asset from the books but does not change the near-term earnings picture; the stock may remain under pressure given the lack of operating momentum.