Step Two Corporation Limited reported a net profit of ₹57.52 lakh for the quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹136.32 lakh recorded in the preceding quarter. The company’s total revenue from operations rose sharply to ₹244.47 lakh, up from ₹89.71 lakh in the corresponding quarter of the previous year. This improvement was primarily driven by ₹221.51 lakh in product sales, a new revenue stream that was absent in Q1FY26. The Board of Directors approved the unaudited financial results on August 11, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors, M.K. Kothari & Associates, conducted a limited review of the financial statements in accordance with Standard on Review Engagements (SRE) 2410. The review provided moderate assurance that the financial statements were free from material misstatement. Managing Director Anuj Agarwal confirmed that the results were prepared in accordance with IND AS notified under the Companies (Indian Accounting Standards) Rules, 2015. Previous period figures have been regrouped where necessary to ensure comparability.

Financial Performance Overview

Revenue composition shifted significantly in Q1FY27 compared to the previous year. While interest income contributed ₹22.96 lakh, up from ₹9.82 lakh in Q1FY26, the primary growth engine was product sales. In contrast, the company reported no dividend income or rental income during the current quarter. Total expenses amounted to ₹166.11 lakh, down sharply from ₹431.24 lakh in the preceding quarter, largely due to changes in inventory valuation and lower purchases of stock-in-trade.

What the Numbers Show

The most notable aspect of the quarter is the divergence between operational revenue and non-operating items. While the company generated substantial revenue from product sales, it also incurred a net loss on fair value changes of ₹7.67 lakh. However, this was offset by a credit of ₹20.77 lakh in deferred tax expense, which significantly boosted the bottom line. Earnings per share (EPS) stood at ₹0.78 for the quarter, compared to a basic EPS of ₹0.33 in Q1FY26. The shift from a loss position in Q4FY26 to profitability in Q1FY27 highlights the impact of reduced inventory-related expenses and higher product sales volumes.

step two corp has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the outcomes during a meeting held on May 25, 2026. The company reported a total income of ₹392.36 lakh for the year, compared to ₹604.72 lakh in the previous year.

For the quarter ended March 31, 2026, the company reported a net loss of ₹136.32 lakh. In the corresponding quarter of the previous year, it had posted a profit of ₹215.66 lakh. Total revenue from operations for the quarter stood at ₹316.42 lakh.

Financial Performance

The annual results reflect a challenging financial period with a net loss of ₹191.81 lakh for the year ended March 31, 2026. This contrasts with a net profit of ₹2.39 lakh recorded in the previous fiscal year. The company noted an exceptional item involving a write-off of ₹25.02 lakh related to a fraudulent withdrawal from a bank account in earlier years.

Board Decisions

Alongside the financial results, the board approved the Directors' Report for FY 2025-2026. The company appointed Mr. Nitin Gami as the Internal Auditor for FY 2026-2027. Furthermore, the board recommended the appointment of Mr. Navneet Jhunjhunwala as Secretarial Auditor for the term FY 2026-2027 to FY 2029-2030, subject to shareholder approval.

Asset Position

The Standalone Statement of Assets and Liabilities as of March 31, 2026, showed total assets of ₹847.59 lakh. This included loans amounting to ₹506.79 lakh and investments of ₹84.43 lakh. Equity share capital increased to ₹774.44 lakh from ₹459.68 lakh in the previous year.