Outcome of the Board meeting held on 11th August 2025 for the quarter ended 30th June 2025
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WEP Solutions' board approved unaudited financial results for the quarter ended June 30, 2025 on August 11. Total revenue from operations rose about 9.2% year-on-year to Rs 1,612.80 lakhs, compared to Rs 1,476.81 lakhs in the same quarter last year. However, net profit fell sharply by roughly 53% YoY to Rs 54.24 lakhs from Rs 114.54 lakhs, weighed down by higher depreciation and operating expenses. The statutory auditor issued a clean limited review report with no qualifications. On the governance side, Independent Director Shankar Jaganathan will complete his second term on August 26, Company Secretary Chandralika Sharma resigned effective August 30, and Sharul Jain was appointed as the new Chairman of the Audit Committee from August 27.
The sharp fall in profit despite revenue growth is likely to dampen near-term investor sentiment, even though the auditor flagged no concerns. Multiple senior management and audit committee changes around the same time may add short-term governance uncertainty for shareholders.