Approval of Unaudited financial result for the quarter ended 12.08.2024
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Awaiting price reaction for this filing.
Vintage Securities Limited reported a net loss of Rs 1.41 lakhs in Q1 FY26, narrower than the Rs 3.84 lakh loss in Q1 FY25, helped by sharply lower expenses (Rs 2.27 lakh vs Rs 4.68 lakh). Total income from operations stayed nearly flat at Rs 0.87 lakh versus Rs 0.84 lakh a year ago. The company posted a large positive Other Comprehensive Income of Rs 367.63 lakhs, likely from mark-to-market gains on investments, swinging total comprehensive income to a positive Rs 292.70 lakhs versus a negative Rs 117.88 lakhs last year. The statutory auditor S.N. Roy & Co. issued an unqualified limited review report with no observations.
Core operations remain unprofitable on a quarterly basis, though losses are shrinking. The headline swing to positive comprehensive income is driven by investment valuation gains rather than operating performance, so retail investors should not mistake it for business turnaround. The stock may react to the OCI gain, but underlying earnings power is still weak.