Iconik Sports And Events (ISIN: INE088P01015) has announced its unaudited financial results for the quarter ended September 30, 2025, showcasing a remarkable turnaround in its financial performance. The company, which was formerly known as ID Info Business Services Limited, has reported a significant profit, marking a positive shift from the previous quarter's loss.

Financial Highlights

All figures in lakhs, except for EPS

Key Points

• Profit Turnaround: Iconik Sports and Events Limited reported a profit of ₹406.47 lakh for Q2 FY2026, a significant improvement from the loss of ₹135.60 lakh in the previous quarter.

• Half-Year Performance: For the half-year period, the company achieved a cumulative profit of ₹250.87 lakh.

• Revenue Generation: The company's revenue from operations stood at ₹1,302.84 lakh, with an additional ₹4.28 lakh from other income, bringing the total revenue to ₹1,307.12 lakh for the quarter.

• Earnings Per Share: The basic earnings per share for Q2 FY2026 was reported at ₹1.20.

• Capital Structure: The company's paid-up equity share capital increased to ₹3,384.20 lakh from ₹1,965.70 lakh in the previous year, indicating a potential capital infusion or corporate action.

Corporate Governance

The Board of Directors of Iconik Sports and Events Limited convened on November 13, 2025, to approve these unaudited financial results. The meeting, which began at 1:00 PM, concluded at 2:40 PM. The results have been subject to a limited review by the company's statutory auditors, as per regulatory requirements.

Investor Implications

The substantial improvement in profitability and the increase in paid-up capital may signal positive developments for the company. Investors and market watchers may want to keep an eye on Iconik Sports and Events Limited's future performance to see if this upward trend continues.

As always, it is advisable for investors to conduct their own research and consider multiple factors before making investment decisions based on quarterly results.

Note: All financial figures are based on the unaudited results provided by the company and are subject to limited review.

Iconik Sports And Events Limited (formerly ID Info Business Services Limited) announced its unaudited financial results for the quarter ended June 30, along with several key corporate updates in a board meeting held on August 4.

Financial Performance

While specific Q1 figures were not disclosed in the provided information, the company's financial trajectory appears positive based on its previous fiscal year results. For the fiscal year ended March 31, Iconik Sports And Events reported:

• Total revenue of Rs. 1,271.19 lakhs, a substantial increase from Rs. 2.70 lakhs in the previous year.
• Net profit of Rs. 260.22 lakhs, compared to a net loss of Rs. 6.44 lakhs in the previous fiscal year.
• Earnings per share (EPS) of Rs. 5.28.

Corporate Updates

The board of directors approved several important matters during the meeting:

1. Annual General Meeting: The company's AGM is scheduled for August 26, to be conducted via video conference.

2. Preferential Issue Adjustment: Iconik Sports And Events had previously approved the issuance of 1,54,35,000 equity shares at Rs. 20 per share, totaling Rs. 30.87 crore. However, the actual allotment on April 30 comprised 1,41,85,000 shares, raising Rs. 28.37 crore. To account for this Rs. 2.50 crore shortfall, the board approved the following adjustments to the preferential issue objectives:

The most significant change is the elimination of the allocation for general corporate purposes, while maintaining the full amount for working capital and GST dues payment. The repayment of long-term liabilities saw a minor reduction.

These developments suggest that Iconik Sports And Events is focusing on strengthening its financial position and operational capabilities as it continues to expand in the sports and events management sector. The company's transition from a net loss to a substantial profit in the previous fiscal year indicates positive momentum.