Homre Limited reported a standalone net profit of ₹63.46 lakh for the quarter ended June 30, 2026, marking a substantial improvement over the ₹17.29 lakh profit recorded in Q1FY25. Revenue from operations reached ₹1,192.29 lakh, compared to nil disclosure in the prior year’s comparable quarter, while other income contributed ₹47.18 lakh to total income. The Board of Directors also approved key governance changes, including the appointment of two new Non-Executive Independent Directors and the resignation of an Executive Director, effective mid-June 2026.

The financial results were approved by the Board at its meeting held on July 23, 2026, pursuant to Regulation 30 and Regulation 33 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 the statutory auditors, Krishan Rakesh & Co., who issued their report on July 23, 2026. The filing confirms that the results are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Financial Performance Overview

The company’s total income for the quarter stood at ₹1,239.47 lakh, driven primarily by revenue from operations and other income. Total expenses amounted to ₹1,154.65 lakh, with purchase of stock-in-trade constituting the largest component at ₹1,141.71 lakh. Profit before tax was recorded at ₹84.82 lakh, against which deferred tax expenses of ₹21.36 lakh were charged.

On a consolidated basis, Homre Limited reported a net profit of ₹63.44 lakh for the quarter, compared to ₹17.23 lakh in Q1FY25. Consolidated revenue from operations remained consistent with standalone figures at ₹1,192.29 lakh. The consolidated entity includes Maple Solutions Limited as a wholly-owned subsidiary, which reported nil revenue and a net loss of ₹0.02 lakh for the quarter.

Board Appointments and Resignations

The Board appointed Mr. Ashok Chopra and Mrs. Puneeta K Sharma as Non-Executive Independent Directors for a term of one year, effective July 23, 2026. Both appointments are subject to shareholder approval. Additionally, the Board approved the change in designation of Mr. Rohit Inder Himatsingani and Mr. Abhishek Bhagwat Bharad from Non-Executive Non-Independent Directors to Non-Executive Independent Directors, effective June 23, 2026, following recommendations from the Nomination and Remuneration Committee.

The Board also took note of the resignation of Mr. Sachin Kumar Bhimrajka, Executive Director, effective from the closing hours of June 22, 2026, citing personal reasons. All changes comply with Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the LODR Regulations.

What the Numbers Show

The surge in net profit from ₹17.29 lakh to ₹63.46 lakh is largely attributable to the commencement or scaling of operational activities, evidenced by the jump in revenue from operations to ₹1,192.29 lakh from nil in the prior comparable quarter. The company maintained tight cost control, with employee benefits expense declining to ₹2.47 lakh from ₹3.63 lakh in Q1FY25, despite higher operational volume. The positive earnings per share of ₹0.032 reflect improved profitability on a per-share basis, signaling stronger operational momentum in the initial quarter of FY26.

Homre Ltd's board approved significant changes to its leadership structure, including the appointment of a new Chairperson and Managing Director, effective June 29, 2026. These decisions were taken during a board meeting held on Monday, based on the recommendations of the Nomination and Remuneration Committee and subject to shareholder approval. The reshuffle follows the resignation of the previous Chairperson and aims to strengthen the company's governance framework.

Mrs. Sheetal Jain has been appointed as the Chairperson (Non-Executive) and Additional Director, liable for rotation. She holds an MBA and brings extensive experience from the IT and metal industries. Mr. Sandeep Dewan has been designated as Managing Director, Additional Director, for a period of five years from June 29, 2026, to June 28, 2031. Mr. Dewan, who was previously an Executive Director, has international exposure in corporate management.

The board also re-appointed two existing directors whose tenures had completed three months. Mr. Abhishek Bhagwat Bharad was re-appointed as Non-Executive Non-Independent Additional Director, and Mrs. Supriya Mahesh Kadam was re-appointed as Non-Executive Independent Additional Director for one year ending June 28, 2027. Additionally, Mr. Rohit Inder Himatsingani was appointed as Non-Executive Non-Independent Additional Director.

Mrs. Meena Rastogi resigned from her position as Chairperson and Non-Executive Director due to personal reasons, effective from the closing hours on June 29, 2026. The company confirmed there were no other material reasons for her resignation. The meeting commenced at 02:30 P.M. and concluded at 06:40 P.M.

Appointments and Designations

Resignation