Dear Sir, Pursuant to Regulation 30 of SEBI ( Listing Obligations and Disclosure Requirements) Regulations , 2015, we report the outcome of the Board Meeting held today as follows: The ....
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Valley Magnesite Company Ltd's Board approved unaudited standalone financial results for the quarter ended June 30, 2025. Revenue from operations was nil, with total income of about ₹13 lakhs coming entirely from 'other income.' Profit before tax rose sharply to ₹101.05 lakhs (vs ₹43.28 lakhs in Q1 FY25), and profit after tax nearly doubled to ₹89.06 lakhs (vs ₹45.92 lakhs), translating to an EPS of ₹8.57 versus ₹4.37 in the year-ago quarter. The statutory auditor (A.K. Meharia & Associates) issued an unqualified Limited Review report on the results but included an 'Emphasis of Matter' paragraph in their review.
Strong PAT growth (~94% YoY) is positive on paper, but it comes from non-operating income on a near-zero revenue base, so the headline number may not reflect core business strength. Shareholders should note the 'Emphasis of Matter' from the auditor, which flags a matter requiring attention even though the review opinion remains unchanged.