Fervent Synergies Limited has reported a significant increase in both revenue and profit for the first quarter, while also confirming proper utilization of funds raised through a recent preferential issue.

Q1 Financial Highlights

The company's unaudited financial results for the quarter show impressive growth:

The company's revenue from operations doubled year-over-year, while net profit saw a remarkable increase of over 430%.

Segment-wise Performance

Fervent Synergies operates in two business segments:

1. Foods Business Division: No revenue was reported for this segment in Q1 FY2025-26.
2. Finance Business Division: Generated revenue of ₹68.25 lakhs, contributing to the entire revenue for the quarter.

The Finance Business Division showed strong performance, with a segment profit before tax of ₹68.02 lakhs.

Fund Utilization

The company confirmed that there has been no deviation in the use of ₹6.25 crores raised through a preferential issue of convertible warrants on April 3, 2025. These funds were allocated for capital expenditure and working capital requirements, as originally intended.

Corporate Actions

The Board of Directors has approved the following:

1. Convening of the 16th Annual General Meeting (AGM) on September 18, 2025, to be held through video conferencing.
2. Closure of the Register of Members and Share Transfer Books from September 12-18, 2025 (both days inclusive) for the purpose of the AGM.

Management Commentary

Sanjay P. Thakkar, Managing Director of Fervent Synergies Limited, stated, "We are pleased with our strong start to the fiscal year, with significant growth in both revenue and profitability. Our Finance Business Division has performed exceptionally well, and we remain committed to utilizing the funds raised through the preferential issue to drive further growth and enhance shareholder value."

The company's focus on financial services and proper fund utilization appears to be yielding positive results, as reflected in the robust Q1 performance.

Investors and stakeholders can access the detailed financial results and segment-wise reporting on the company's website or through the BSE portal.

Fervent Synergies Limited has reported a significant increase in both revenue and profitability for the first quarter of the fiscal year 2026, while also confirming the proper utilization of funds raised through a recent preferential issue.

Financial Performance

The company's unaudited financial results for Q1 FY2026, ending June 30, 2025, show a remarkable year-on-year growth:

The company's revenue from operations doubled to Rs. 68.25 lakhs, up from Rs. 34.13 lakhs in the same quarter of the previous year. Net profit saw an even more substantial increase, rising to Rs. 38.26 lakhs from Rs. 7.18 lakhs, marking a 432.87% year-on-year growth.

Segment Performance

Fervent Synergies operates in two business segments:

1. Foods Business Division
2. Finance Business Division

For Q1 FY2026, the Finance Business Division generated the entire revenue of Rs. 66.25 lakhs, while the Foods Business Division did not report any revenue for the quarter.

Fund Utilization

The company has confirmed that there has been no deviation in the use of Rs. 6.25 crores raised through a preferential issue of convertible warrants on April 3, 2025. These funds were allocated for capital expenditure and working capital requirements, as originally intended.

Corporate Actions

The Board of Directors has approved several key corporate actions:

1. Convening of the 16th Annual General Meeting (AGM) on September 18, 2025, to be held through video conferencing.
2. Closure of the Register of Members and Share Transfer Books from September 12 to 18, 2025 (both days inclusive) for the purpose of the AGM.
3. Setting the cut-off date as September 11, 2025, for determining shareholders' eligibility for e-voting at the AGM.

Management Commentary

Sanjay P. Thakkar, Managing Director of Fervent Synergies Limited, stated, "We are pleased with our strong start to the fiscal year 2026. The substantial growth in both our top and bottom lines reflects the effectiveness of our business strategies and the growing demand for our services in the finance segment."

Fervent Synergies Limited continues to focus on its core business areas while maintaining transparency in its financial operations and corporate governance practices.