SGL Resources , a company listed on the Bombay Stock Exchange (BSE: 526544), has announced its unaudited financial results for the first quarter ended June 30, 2025. The company's Board of Directors approved both standalone and consolidated financial statements during a meeting held on September 19, 2025.

Key Highlights

• The Board meeting commenced at 4:30 PM and concluded at 5:15 PM.
• Financial results were prepared in accordance with Indian Accounting Standards (Ind AS).
• A typing error in the Limited Review Report, showing June 2024 instead of June 2025, was identified and corrected.
• The consolidated results include the performance of the company's subsidiary, Jyacad Solutions Private Limited.

Subsidiary Performance

Jyacad Solutions Private Limited, a wholly-owned subsidiary of SGL Resources, reported the following results for the quarter:

Auditor's Review

The company's statutory auditors, M/s Ram Chandak & Associates, conducted a limited review of the financial results. Key points from their review include:

• No material misstatements were found in the financial results.
• The review was conducted in accordance with the Standard on Review Engagement (SRE) 2410.
• The financial statements comply with the applicable Indian Accounting Standards and other recognized accounting practices and policies.

Corporate Governance

SGL Resources has demonstrated its commitment to transparency and regulatory compliance by:

1. Promptly addressing and correcting the typographical error in the Limited Review Report.
2. Submitting the revised outcome of the Board meeting to the BSE.
3. Uploading the unaudited financial results on the company's website.

The company's proactive approach in addressing the typing error and providing clear communication to stakeholders underscores its dedication to maintaining accurate and transparent financial reporting.

Investors and stakeholders are advised to refer to the detailed financial statements and Limited Review Report for a comprehensive understanding of the company's financial position and performance for the quarter ended June 30, 2025.

SGL Resources Limited , formerly known as Scanpoint Geomatics Limited, has reported a consolidated net loss for the first quarter of the fiscal year 2026, as the company faced a significant decline in revenue across its business segments.

Financial Performance

The company's unaudited financial results for the quarter ended June 30, 2025, revealed a consolidated net loss of Rs. 2.52 lakhs, a stark contrast to the profit of Rs. 45.58 lakhs recorded in the same quarter of the previous year. This downturn was primarily driven by a substantial decrease in revenue from operations, which fell to Rs. 471.61 lakhs from Rs. 1,774.90 lakhs year-on-year, marking a 73.4% decline.

Segment-wise Revenue Breakdown

SGL Resources operates across four business segments, each contributing to the overall revenue:

The Geo-Spatial Technology Development and Services segment, which was the company's mainstay in the previous year, saw a significant reduction in revenue, contributing only Rs. 31.61 lakhs in the current quarter.

Cost Management

Despite the revenue decline, SGL Resources managed to reduce its total expenses to Rs. 453.04 lakhs, down from Rs. 1,684.04 lakhs in the corresponding quarter of the previous year. This cost reduction helped mitigate the impact of lower revenues on the company's bottom line.

Management Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on September 19, 2025. Kantilal Ladani, Whole Time Director & CFO of SGL Resources Limited, signed off on the results, indicating the management's oversight of the company's financial position.

Outlook

While the company has not provided specific forward-looking statements, the diversification of revenue streams across different segments suggests efforts to create multiple growth avenues. However, the significant year-on-year decline in revenue, particularly in the Geo-Spatial Technology segment, may pose challenges for SGL Resources in the coming quarters.

The management's strategies to boost revenue and maintain cost efficiencies will be crucial in determining the company's financial trajectory for the remainder of FY2026.