Step Two Corp posts ₹191.81 lakh net loss for FY26
Step Two Corp announced audited financial results for FY26, reporting a net loss of ₹191.81 lakh compared to a net profit of ₹2.39 lakh in the previous year. Total income decreased to ₹392.36 lakh from ₹604.72 lakh, with an exceptional item of ₹25.02 lakh written off due to a fraudulent withdrawal. The board appointed Mr. Nitin Gami as Internal Auditor and recommended Mr. Navneet Jhunjhunwala as Secretarial Auditor.
*this image is generated using AI for illustrative purposes only.
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.
| Metric | FY 2025-26 (₹ in Lacs) | FY 2024-25 (₹ in Lacs) |
|---|---|---|
| Total Revenue from Operations | 460.01 | 492.33 |
| Total Income | 392.36 | 604.72 |
| Total Expenses | 618.94 | 612.50 |
| Net Profit/(Loss) for the period | (191.81) | (2.39) |
| Earnings Per Share (Basic) | (2.59) | (0.05) |
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.
Historical Stock Returns for Step Two Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -7.51% | -10.69% | +4.20% | -0.95% | +478.89% |
What specific operational or strategic measures is Step Two Corp planning to implement in FY 2026-27 to reverse the ₹191.81 lakh net loss and return to profitability?
How does the significant equity share capital increase from ₹459.68 lakh to ₹774.44 lakh indicate the company's fundraising strategy, and how will these funds be deployed to stabilize operations?
What progress has Step Two Corp made in recovering the ₹25.02 lakh lost to fraudulent bank withdrawals, and what internal controls have been strengthened to prevent similar incidents?
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