Outcome of Board Meeting Dated August 13th, 2025.
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The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations jumped to Rs. 1,774.63 lakhs from Rs. 791.76 lakhs in Q1 FY25, more than doubling year-on-year, but standalone net profit fell to Rs. 29.66 lakhs from Rs. 52.11 lakhs due to higher material and trading purchase costs. On a consolidated basis, revenue surged to Rs. 3,010.46 lakhs from Rs. 1,354.30 lakhs, while net profit declined to Rs. 85.80 lakhs from Rs. 126.02 lakhs. The statutory auditor (S. L. Patel & Co.) issued an unmodified limited review report. The board also appointed Kunal Sharma & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30) and fixed September 30, 2025 as the date for the 19th AGM.
Strong top-line growth on both standalone and consolidated fronts is positive, but the sharp drop in profitability signals margin pressure from rising input and trading purchase costs, which may concern investors focused on earnings quality. The auditor change is limited to the secretarial auditor; statutory auditor remains unchanged.