Quasar India Limited Reports Net Loss in Q2 FY2025-26
Quasar India Limited, an agriculture trading company, announced a net loss of Rs. 16.10 lacs for Q2 FY2025-26, compared to a profit of Rs. 278.39 lacs in the same quarter last year. The Board of Directors approved the unaudited financial results on November 13, 2025, with no dividend recommended. The company disclosed related party transactions, including salaries for key management personnel. Auditors J. Singh & Associates conducted a limited review, finding no issues with the financial results' presentation.
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Quasar India Limited , an agriculture trading company, has announced its financial results for the second quarter of the fiscal year 2025-26, revealing a significant shift in its financial performance.
Financial Performance
The company reported a net loss of Rs. 16.10 lacs for the quarter ended September 30, 2025. This marks a substantial decline from the profit of Rs. 278.39 lacs recorded in the corresponding quarter of the previous year.
Board Meeting and Financial Approval
The Board of Directors of Quasar India Limited convened on November 13, 2025, to review and approve the unaudited financial results. The meeting, held at the company's corporate office in Ahmedabad, commenced at 3:00 PM and concluded at 6:35 PM.
Key Points from the Board Meeting
- The Board approved the unaudited financial results for Q2 and the half-year ended September 30, 2025.
- No dividend was recommended for the financial year 2025-26.
- The financial results were subject to a limited review by the company's auditors, J. Singh & Associates, Chartered Accountants.
Related Party Transactions
The company disclosed the following related party transactions for the half-year:
| Name | Relationship | Transaction Type | Amount (Rs.) |
|---|---|---|---|
| Sureshkumar Prajapati | Managing Director | Salary | 392,800 |
| Trigun Sharma | Company Secretary | Salary | 120,000 |
| Lovish Kataria | Director | Sitting Fees | 20,000 |
| Namrata Sharma | Director | Sitting Fees | 20,000 |
Auditor's Review
J. Singh & Associates conducted a limited review of the financial results. In their report, they stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.
Outlook
The agriculture trading sector often faces challenges such as market volatility, weather conditions, and regulatory changes. While Quasar India Limited has not provided specific reasons for the shift from profit to loss, investors and stakeholders will likely be watching closely to see how the company addresses this downturn in the coming quarters.
Historical Stock Returns for Quasar
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -6.45% | -9.37% | -66.67% | -74.78% | -12.12% |
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