Outcome of the Board Meeting held on 21st July 2025 is attached.
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The Board of V.B. Desai Financial Services Ltd approved the unaudited standalone financial results for the quarter ended 30th June 2025. Revenue from operations rose to Rs. 96.46 lakhs, up about 24.7% from Rs. 77.32 lakhs in the same quarter last year. Total income (including other income) stood at Rs. 123.45 lakhs versus Rs. 82.33 lakhs year-on-year, a jump of roughly 50%. Net profit for the quarter came in at Rs. 20.28 lakhs, up nearly 64% from Rs. 12.39 lakhs in Q1 FY25, with basic EPS of Rs. 0.45 versus Rs. 0.27 earlier. The statutory auditors, N.S. Shetty & Co., issued an unmodified (clean) limited review opinion on the results.
Strong year-on-year growth in both revenue and profit signals improving business momentum for this small-cap SEBI-registered merchant banker, which may be viewed positively by shareholders, though the absolute scale of earnings remains modest.