Unaudited Standalone Financial Results of of the Company for the Quarter Ended June 30, 2025.
Awaiting price reaction for this filing.
Shivamshree Businesses reported Q1 FY26 total income of Rs. 269.16 lakhs, a sharp jump from Rs. 88.16 lakhs in Q1 FY25 (nearly 3x growth), driven by revenue from operations rising to Rs. 268.94 lakhs. However, total expenses surged to Rs. 285.01 lakhs, resulting in a loss before tax of Rs. 15.85 lakhs and a net loss of Rs. 46.89 lakhs (vs Rs. 6.40 lakhs loss a year ago). Employee costs, depreciation, and other expenses all rose steeply. The auditor issued a Qualified Opinion, flagging that no balance confirmations were provided for trade receivables, trade payables, and loans/advances, making it impossible to confirm balances and nature of transactions. The auditor also added an Emphasis of Matter regarding the issue of 3 crore equity shares at Rs. 1.50 each (raising Rs. 4.5 crore) and closing stock being certified by management only. Net worth stands at Rs. 365.47 lakhs against total assets of Rs. 900 lakhs.
Despite strong top-line growth, widening losses and the auditor's qualified opinion on receivables/payables raise governance concerns for shareholders. The Rs. 4.5 crore fundraise strengthens the balance sheet, but the stock may stay under pressure until profitability improves and audit qualifications are resolved.