Epsom Properties Limited reported a narrowed net loss of ₹11.63 lakh for the first quarter ended June 30, 2026 (Q1FY26), compared to a ₹17.67 lakh loss in the preceding quarter ended March 31, 2026. The Chennai-based property developer recorded zero revenue from operations, with the improvement in profitability driven by a significant reduction in finance costs and stable employee benefit expenses.

The Board of Directors approved the unaudited standalone financial results on July 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by S. Vishnu & Co., Chartered Accountants, the company’s independent auditor. The financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Schedule III of the Companies Act, 2013.

Financial Performance Overview

The company continued to report nil revenue from operations, other operating income, and other income for the quarter. Total expenses stood at ₹11.63 lakh, comprising finance costs of ₹3.70 lakh, employee benefit expenses of ₹2.10 lakh, and other expenses of ₹5.83 lakh. There were no material consumed, stock-in-trade purchases, or depreciation charges recorded during the period.

Key Observations

The most significant driver behind the quarter-over-quarter improvement was the sharp decline in finance costs, which fell to ₹3.70 lakh from ₹12.87 lakh in the preceding quarter. This reduction offset a rise in other expenses, which increased to ₹5.83 lakh from ₹2.69 lakh. Employee benefit expenses remained flat at ₹2.10 lakh.

On a year-on-year basis, the net loss widened to ₹11.63 lakh from ₹8.02 lakh in Q1FY25, primarily due to the emergence of finance costs in the current period, whereas no such costs were reported in the corresponding quarter last year. The company’s paid-up equity share capital remained unchanged at ₹745.28 lakh, while reserves excluding revaluation reserves stood at negative ₹942.37 lakh, compared to negative ₹908.05 lakh in the previous accounting year. Earnings per share (EPS) were reported at -₹0.016 for the quarter.

Epsom Properties Limited has closed its trading window for dealing in the company's securities from Wednesday, July 1, 2026. The window will remain shut until the expiry of 48 hours after the declaration of the unaudited financial results for the first quarter ended June 30, 2026. This measure is in accordance with the company's Code of Conduct for Prohibition of Insider Trading, framed pursuant to SEBI (PIT) Regulations, 2015.

During this closed period, designated persons including employees, directors, key managerial personnel, promoters, and their immediate relatives are prohibited from trading in the company's shares or securities. The restriction aims to prevent insider trading and ensure market integrity during the sensitive period preceding financial results.

The company stated that the date of the board meeting for the consideration and approval of the unaudited financial results for the quarter ended June 30, 2026, will be intimated separately in due course. The filing was submitted to BSE Limited as a compliance measure under the provisions of the SEBI (PIT) Regulations.