Speedage Commercials Reports Narrowed Loss in Q1, Boosted by Significant Other Comprehensive Income

2 min read Updated on 12 Aug 2025, 05:28 PM

Reviewed by

Riya DScanX News Team

Overview

Speedage Commercials reported a reduced net loss of ₹1.77 lakhs in Q1, down from ₹5.99 lakhs year-over-year. Total income increased to ₹5.00 lakhs from ₹1.02 lakhs, while expenses decreased to ₹6.64 lakhs from ₹7.01 lakhs. The company's bottom line was significantly impacted by other comprehensive income of ₹1,133.35 lakhs, resulting in a total comprehensive income of ₹1,131.58 lakhs. Despite no revenue from operations, the company showed improved financial performance through increased other income and reduced expenses.

*this image is generated using AI for illustrative purposes only.

Speedage Commercials , a Mumbai-based company, has reported its financial results for the first quarter. The company's performance shows a mixed picture with a narrowed loss and a substantial boost from other comprehensive income.

Financial Highlights

Net loss decreased to ₹1.77 lakhs, compared to ₹5.99 lakhs in the same quarter of the previous year
Total income rose to ₹5.00 lakhs from ₹1.02 lakhs year-over-year
Total expenses reduced to ₹6.64 lakhs from ₹7.01 lakhs in the previous year's quarter
Other comprehensive income of ₹1,133.35 lakhs significantly impacted the bottom line
Total comprehensive income stood at ₹1,131.58 lakhs

Detailed Financial Performance

Particulars (₹ in lakhs)	Q1 (Unaudited)	Q1 Previous Year (Unaudited)
Revenue from operations	0.00	0.00
Other Income	5.00	1.02
Total Income	5.00	1.02
Total Expenses	6.64	7.01
Profit/(Loss) before tax	(1.64)	(5.99)
Net Profit/(Loss)	(1.77)	(5.99)
Other Comprehensive Income	1,133.35	5,371.97
Total Comprehensive Income	1,131.58	5,365.98

Key Observations

Speedage Commercials' financial results for the quarter show a significant improvement in its net loss position, narrowing from ₹5.99 lakhs in the same quarter last year to ₹1.77 lakhs. This improvement came despite a challenging operating environment, as evidenced by the absence of revenue from operations.

Other income played a crucial role in boosting the company's total income, increasing from ₹1.02 lakhs to ₹5.00 lakhs year-over-year. This increase in other income was the primary driver behind the growth in total income.

The company managed to reduce its total expenses from ₹7.01 lakhs to ₹6.64 lakhs, contributing to the narrowed loss. Speedage Commercials' efforts in cost management are evident, with employee benefits expense remaining stable at ₹2.28 lakhs compared to ₹2.23 lakhs in the previous year.

The most notable aspect of the company's financial performance was the substantial other comprehensive income of ₹1,133.35 lakhs. This significant figure led to a total comprehensive income of ₹1,131.58 lakhs, a positive outcome despite the operating loss.

Management Approval and Audit Review

The unaudited financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors in their meeting. B L Dasharda & Associates, the statutory auditors of the company, have carried out a limited review of these results in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conclusion

While Speedage Commercials continues to face challenges in generating revenue from operations, the company has shown improvement in controlling losses and has benefited significantly from other comprehensive income. The management's focus on cost reduction and the positive impact of other income sources have contributed to a more favorable financial position compared to the same quarter last year. Investors and stakeholders will likely be watching closely to see if the company can build on this performance and achieve operational profitability in the coming quarters.

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