Orosil Smiths India Reports Q1 Net Loss, Appoints New Independent Director
By ScanX News Team
Orosil Smiths India Limited reported a total income of Rs. 98.07 lacs for Q1 FY2026, with a net loss of Rs. 0.71 lacs. The company appointed Mr. Deepankar Jain as an Additional Independent Director for a 5-year term, subject to shareholder approval. Mr. Jain brings expertise in corporate law, compliance, and governance frameworks. The board also approved the Director's Report for FY2025 and the Unaudited Financial Results for Q1 FY2026.
*this image is generated using AI for illustrative purposes only.
Orosil Smiths India Limited , a player in the jewelry industry, has released its financial results for the first quarter ended June 30, 2025, alongside announcing a key addition to its board of directors.
Financial Performance
The company reported a total income of Rs. 98.07 lacs for the quarter, with revenue from operations standing at Rs. 87.87 lacs and other income at Rs. 10.20 lacs. Despite this, Orosil Smiths India posted a net loss of Rs. 0.71 lacs for the period.
A breakdown of the financial results reveals:
| Particulars | Q1 FY2026 (Rs. in Lacs) |
|---|---|
| Revenue from Operations | 87.87 |
| Other Income | 10.20 |
| Total Income | 98.07 |
| Total Expenses | 98.98 |
| Net Loss | (0.71) |
| Earnings per Share (Basic) | (0.00) |
The company's total expenses for the quarter amounted to Rs. 98.98 lacs, slightly exceeding its total income. The earnings per share (EPS) for both basic and diluted calculations stood at (0.00).
Board Appointment
In a significant move, Orosil Smiths India's board of directors has approved the appointment of Mr. Deepankar Jain as an Additional Independent Director. Mr. Jain's appointment is for a term of 5 years, effective from July 25, 2025, subject to shareholder approval at the ensuing Annual General Meeting.
Mr. Jain brings a wealth of experience to the board. He is a legally qualified and commerce-educated professional with expertise in corporate law, compliance, and governance frameworks. Holding a Bachelor of Laws (LL.B.) from Indraprastha Law College, Chaudhary Charan Singh University, and a Bachelor of Commerce (B.Com) from the University of Delhi, Mr. Jain has been practicing as a financial analyst since 2017 and as a legal analyst since 2021.
Other Board Meeting Outcomes
The board meeting, which commenced at 4:00 PM and concluded at 5:05 PM on July 25, 2025, also addressed other key matters:
- Approval of the Director's Report along with required annexures for the financial year ended March 31, 2025.
- Review and approval of the Unaudited Financial Results for Q1 FY2026, along with the Limited Review Report from the statutory auditors.
The company noted that there were no pending investor complaints for the quarter ended June 30, 2025.
Orosil Smiths India Limited continues to operate in a single segment, as per Ind AS 108. The financial results are available on the company's website at www.orosil.com and on the BSE website at www.bseindia.com .
As the jewelry industry navigates through challenging times, Orosil Smiths India's performance in the coming quarters will be closely watched by investors and market analysts alike.
Historical Stock Returns for Orosil Smiths
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.66% | -1.10% | +0.67% | +8.94% | +16.24% | +45.48% |
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