Olympic Management & Financial Services Limited reported a net profit of ₹1.04 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a significant turnaround from the ₹4.08 lakh loss recorded in the same period of FY25. The company’s revenue from operations rose 80% year-on-year to ₹4.68 lakh, supported by a surge in other income.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 13, 2026, in Mumbai. The results were reviewed by the Audit Committee and signed off by the independent auditors, R.K. Khandelwal & Co., who issued a limited review report confirming no material misstatements.

Financial Performance

Revenue from operations increased to ₹4.68 lakh in Q1FY26, up from ₹2.60 lakh in Q1FY25. Other income also saw a modest rise to ₹2.66 lakh, compared to ₹2.43 lakh in the prior year quarter. Total income for the period stood at ₹7.34 lakh, significantly higher than the ₹5.03 lakh reported in Q1FY25.

*Note: Total expenses for Q1FY25 are derived from the sum of Finance Cost (₹0.45 lakh), Depreciation (₹6.50 lakh), and Other Expenses (₹6.95 lakh) as employee benefits were nil.

Total expenses decreased to ₹12.60 lakh in Q1FY26 from approximately ₹14.90 lakh in Q1FY25. Depreciation and amortization expenses fell to ₹5.85 lakh from ₹6.50 lakh year-on-year. Finance costs remained stable at ₹0.45 lakh. The company reported no exceptional items in Q1FY26, whereas it had recorded an exceptional gain of ₹2.16 lakh in Q1FY25.

What the Numbers Show

The shift to profitability in Q1FY26 was primarily driven by operational efficiency rather than one-time gains. Unlike Q1FY25, which included an exceptional item of ₹2.16 lakh, the current quarter’s profit of ₹1.04 lakh was achieved without any exceptional income. This indicates that the core business operations, combined with reduced depreciation costs, were sufficient to generate a positive bottom line despite relatively modest growth in revenue from operations.

Regulatory Disclosures

The company confirmed that Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is not applicable as no funds were raised via public issue, right issue, or preferential allotment during the quarter. The financial statements were prepared in accordance with Ind AS 34 and reviewed under Standard on Review Engagements (SRE) 2410.

Olympic Management & Financial Services Limited has applied to BSE Limited for the reclassification of its promoter, Excel Paints Private Limited, to the public category. The application, submitted on June 1, 2026, seeks to remove Excel Paints Private Limited from the promoter and promoter group of the company under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move will alter the shareholding pattern, reducing promoter holding to 37.05% and increasing public holding to 62.95%.

The Board of Directors of Olympic Management & Financial Services Limited approved the request during a meeting held on May 28, 2026. The approval follows a letter dated May 13, 2026, from Excel Paints Private Limited requesting the change. The Board noted that Excel Paints Private Limited does not hold any majority equity shares, lacks substantial voting rights, and is not engaged in the management or day-to-day affairs of the company.

Excel Paints Private Limited currently holds 2,800 equity shares, representing 0.09% of the total paid-up share capital. The entity confirmed that it does not exercise control over the company, holds no special rights, and has no representation on the Board of Directors. The reclassification is supported by a SEBI notification dated May 5, 2021, which exempts shareholder approval for promoters holding less than 1% of total voting rights.

The company has provided an undertaking confirming compliance with the conditions specified in Regulation 31A(3) of SEBI LODR. This includes assurances that the outgoing promoter does not hold voting rights, exercise control, or hold key managerial positions. The company also confirmed it has no outstanding dues to SEBI, stock exchanges, or depositories and is compliant with minimum public shareholding requirements.

Shareholding Pattern

The following table outlines the pre and post-reclassification shareholding pattern of Olympic Management & Financial Services Limited:

Chronology of Events

The application fee of ₹54,000 was paid to BSE Limited via NEFT on June 1, 2026. The company is listed on BSE and Calcutta Stock Exchange, though trading is suspended on the latter.