Usha Martin Education & Solutions Limited reported a consolidated net profit of ₹1.98 lakh for the quarter ended June 30, 2026, down from ₹2.44 lakh in the same period of the previous fiscal year. Consolidated revenue from operations declined to ₹12.00 lakh from ₹13.25 lakh year-on-year. The company’s Board of Directors approved the unaudited standalone and consolidated financial results during its meeting held on August 13, 2026.

Financial Performance

The consolidated statement shows a total income of ₹12.00 lakh for Q1FY26, compared to ₹15.40 lakh in Q1FY25. This decrease was driven by lower revenue from operations and the absence of other income in the current quarter, whereas the prior year recorded ₹2.15 lakh in other income. Total expenses stood at ₹9.98 lakh, a reduction from ₹12.81 lakh in the corresponding quarter of FY25.

Standalone results mirrored the consolidated trends. Standalone net profit was ₹1.86 lakh, compared to ₹1.99 lakh in Q1FY25. Standalone revenue from operations remained flat at ₹12.00 lakh, matching the consolidated figure. Total standalone expenses were ₹10.14 lakh, down from ₹12.96 lakh in the prior year.

Expense Breakdown

Employee benefits expense accounted for the largest share of costs, totaling ₹5.56 lakh in the consolidated statement, slightly lower than the ₹5.87 lakh recorded in Q1FY25. Finance costs decreased significantly to ₹0.83 lakh from ₹1.64 lakh in the prior year. Other expenses also contracted to ₹3.54 lakh from ₹5.21 lakh. Depreciation and amortization expense remained minimal at ₹0.05 lakh.

The company incurred a current tax expense of ₹0.04 lakh on its consolidated profit before tax of ₹2.02 lakh. In the standalone books, no tax expense was recognized. The auditors noted that the company has unabsorbed depreciation and business losses available for set-off under the Income Tax Act, 1961, but deferred tax assets have not been recognized due to uncertainty regarding future taxable income.

What the Numbers Show

The decline in net profit is primarily attributable to the drop in other income rather than operational inefficiencies. While revenue from operations dipped marginally by approximately 9% year-on-year, total expenses fell by roughly 22%. This divergence suggests that cost containment measures or reduced financing charges helped offset the revenue decline, keeping the bottom line relatively stable despite the top-line contraction.

Audit and Compliance

BCAG & Associates, Chartered Accountants, conducted the review of the interim financial information in accordance with Standard on Review Engagement (SRE) 2410. The firm issued an unmodified opinion, stating that nothing came to their attention to suggest the statements were not prepared in accordance with applicable accounting standards. The consolidated results include the financials of subsidiary Usha Martin Education Private Limited, which reported total assets of ₹130.08 lakh and a net profit after tax of ₹0.12 lakh for the quarter.

Usha Martin Education & Solutions Limited's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2025. The meeting, held on May 27, 2026, was convened under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval covers both standalone and consolidated financial statements, providing a comprehensive view of the company's performance for the fiscal period.

The Board meeting, which commenced at 12:30 P.M. and concluded at 03:30 P.M., resulted in the adoption of the financial results in the detailed format prescribed by the Listing Regulations. Alongside the results, the Board approved the Auditors’ Report and a declaration regarding the unmodified opinion on the financial statements. This disclosure ensures compliance with regulatory requirements regarding the timely reporting of financial performance to the stock exchanges.

Key Meeting Details

The intimation regarding the outcome was addressed to the Secretaries of the National Stock Exchange of India Ltd and the Bombay Stock Exchange Limited. The communication was digitally signed by Sumeet Kumar, the Company Secretary and Compliance Officer. Usha Martin Education & Solutions Limited is headquartered at Godrej Waterside, Salt Lake City, Kolkata.