Summary of Key Information:
Reporting Period: Quarter ended 30th June, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting
Audit Opinion:
Limited Review Report issued by M/s. Gorantla & Co, Chartered Accountants, Hyderabad (Firm Registration No. 016943S). The auditors stated that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.
Key Financial Highlights [in INR Lakhs]:
Standalone Results:
Revenue from Operations: ₹1,756.58 (Q1 FY26: ₹2,693.33 | Q4 FY26: ₹1,443.63)
Total Income: ₹3,419.05 (Q1 FY26: ₹2,693.91 | Q4 FY26: ₹1,490.20)
Net Profit: ₹1,241.35 (Q1 FY26: ₹26.78 | Q4 FY26: ₹15.09) - Significant improvement YoY
EPS: ₹0.22 basic and diluted (Q1 FY26: ₹0.00 | Q4 FY26: ₹0.00)
Other Equity: Not specified for current quarter (FY26: ₹8,779.46)
Consolidated Results:
Revenue from Operations: ₹4,887.78 (Q1 FY26: ₹5,338.96 | Q4 FY26: ₹4,526.24)
Total Income: ₹6,873.12 (Q1 FY26: ₹5,348.50 | Q4 FY26: ₹4,572.82)
Net Profit: ₹1,376.19 (Q1 FY26: ₹384.04 | Q4 FY26: ₹448.32) - Significant improvement YoY
EPS: ₹0.23 basic and diluted (Q1 FY26: ₹0.07 | Q4 FY26: ₹0.09)
Other Equity: Not specified for current quarter (FY26: ₹12,023.46)
Profit attributable to: Equity holders of parent ₹1,278.12, Non-controlling interest ₹98.07
Segment-wise Performance:
The company operates in two reportable segments:
- Trading of Goods: Revenue ₹1,585.58, Segment Loss ₹(136.41)
- Service Income: Revenue ₹3,302.20, Segment Profit ₹48.95
Corporate Actions:
- Approved the appointment of Mr. Dasigi Venkata Surya Prakash Rao (DIN: 03013165), presently Executive Director & Chief Financial Officer, as Chairperson of the Board with effect from 14th August, 2026. He will continue in his existing roles without change in tenure or remuneration.
- Appointed Mr. Srikanth Tatipaka (DIN: 10127391) as Additional Director in the category of Non-Executive Director with effect from 14th August, 2026.
- Recommended the appointment of Mr. Prathipati Parthasarathi (DIN: 00004936) as Non-Executive Independent Director for a fresh second term of five years, subject to member approval.
- Approved an enabling proposal for raising funds up to ₹500 Crore through one or more permissible modes, subject to member and regulatory approvals.
Other Significant Information:
- Approved the Annual Report for FY26, including Board's Report with annexures
- Approved convening of the 16th Annual General Meeting on Tuesday, 29th September, 2026 at 2:00 PM (IST) through Video Conferencing/Other Audio-Visual Means
- The consolidated results include six subsidiaries: Thalassa Enterprises Limited, Winteg People Solutions Private Limited, Spacenet Trade-tech HK Limited, Spacenet Enterprises FZCO, Spacenet Realty Core LLP, and Spacenet Urban Realty LLP
- Subsidiaries contributed total revenue of ₹3,131.20 lakhs and net profit of ₹134.83 lakhs for the quarter