LADDU Reports Q1 Profit Dip, Appoints New Auditors, and Sets AGM Date
Laddu Gopal Online Services Limited (LADDU) reported a Q1 profit of Rs. 42.38 crore, down from Rs. 55.76 crore year-over-year. Total income was Rs. 82.55 crore, entirely from other income. The board appointed new auditors, scheduled the AGM for September 22, approved an increase in foreign investment limit to 49%, and authorized loans and guarantees. Auditors noted the company needs RBI registration and has exceeded lending limits.
*this image is generated using AI for illustrative purposes only.
Laddu Gopal Online Services Limited (LADDU) has announced its financial results for the first quarter, along with several key corporate decisions made during its recent board meeting.
Financial Performance
For Q1, LADDU reported a profit of Rs. 42.38 crore, showing a decrease from Rs. 55.76 crore in the same quarter last year. The company's total income for the quarter stood at Rs. 82.55 crore, entirely derived from other income sources, with no revenue from operations.
Key Financial Highlights (Q1 vs Q1 Previous Year)
| Particulars (in Rs. crore) | Q1 | Q1 Previous Year |
|---|---|---|
| Total Income | 82.55 | 78.14 |
| Total Expenses | 18.09 | 3.52 |
| Profit Before Tax | 64.45 | 74.62 |
| Net Profit | 42.38 | 55.76 |
| EPS (Basic & Diluted) | 0.16 | 0.54 |
Corporate Decisions
The Board of Directors made several important decisions during their meeting:
Appointment of Auditors:
- CS Vishakha Agrawal & Associates appointed as Secretarial Auditor for five years (2025-26 to 2029-30).
- M/S K V N G & Associates Chartered Accountants appointed as Internal Auditor.
Annual General Meeting: The 32nd AGM is scheduled for September 22, to be held via video conferencing.
Book Closure: The register of members and share transfer books will remain closed from September 16 to September 22.
E-Voting: Remote e-voting for the AGM will be available from September 19 (9:00 AM) to September 21 (5:00 PM).
Foreign Investment Limit: Approved an increase in the foreign investment limit to 49% of the total paid-up capital.
Loans and Guarantees: Authorized loans and guarantees under Sections 185 and 186 of the Companies Act.
Auditor's Observations
The limited review report by the statutory auditors highlighted two key matters:
- The company requires RBI registration under Section 45-IA as financial assets exceed 50% of total assets.
- The company has exceeded lending limits under Section 186 of the Companies Act, 2013.
LADDU's board has taken note of these observations and is expected to address them in due course.
The company continues to navigate through a challenging financial landscape, focusing on other income sources while maintaining corporate governance standards. Shareholders and potential investors should closely monitor the company's steps to address the auditor's observations and its strategies for revenue generation in the coming quarters.
Historical Stock Returns for Laddu Gopal Online Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.04% | -20.83% | -24.60% | -95.56% | -94.06% | -97.60% |
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