Step Two Corp has reported a significant downturn in its financial performance for the quarter ended September 30, 2025. The company's financial results, approved by the Board of Directors on November 13, 2025, reveal a substantial loss and a sharp decline in revenue.

Key Financial Highlights

All figures in Rs. lacs

Quarterly Performance Analysis

Step Two Corp experienced a significant deterioration in its financial performance during the second quarter of fiscal year 2026:

• Revenue Decline: The company's total revenue plummeted to Rs 2.32 lacs, marking a sharp decrease from Rs 89.71 lacs in the previous quarter and Rs 70.78 lacs in the same quarter last year.

• Shift to Loss: The company reported a net loss of Rs 110.58 lacs, a stark contrast to the profit of Rs 24.56 lacs in the previous quarter.

• Fair Value Impact: A substantial contributor to the loss was the net loss on fair value changes, amounting to Rs 139.52 lacs.

Half-Year Performance

For the half-year ended September 30, 2025, Step Two Corp's financial struggles continued:

• The cumulative loss for the six-month period widened to Rs 240.80 lacs.
• This loss reflects significant operational challenges faced by the company.

Balance Sheet Overview

As of September 30, 2025, the company's financial position showed some notable changes:

• Cash and Cash Equivalents: Decreased to Rs 23.05 lacs from Rs 119.83 lacs at the end of the previous fiscal year.
• Investments: Increased significantly to Rs 848.69 lacs from Rs 403.25 lacs.
• Total Assets and Liabilities: Rose to Rs 955.41 lacs from Rs 569.65 lacs.

Conclusion

Step Two Corp's Q2 FY2026 results reflect a period of financial strain, characterized by a sharp revenue decline and a swing to significant losses. The company's performance may raise concerns among investors and stakeholders about its near-term prospects and strategies for recovery. As the financial landscape continues to evolve, close monitoring of the company's future quarters will be crucial to assess its ability to navigate these challenges and return to profitability.

Step Two Corp , a Kolkata-based company, has released its unaudited financial results for the first quarter of the fiscal year 2026, ending June 30, 2025. The results, approved by the company's board of directors on August 12, 2025, reveal a mixed financial performance amidst what appears to be a challenging market environment.

Financial Highlights

• Total revenue from operations stood at ₹89.71 lakh for the quarter.
• Other income showed a loss of ₹7.58 lakh, primarily due to a loss on the sale of investments.
• Consequently, the total income for the quarter amounted to ₹82.13 lakh.

Board Meeting Details

The board meeting, chaired by Managing Director Anuj Agarwal, commenced at 4:00 PM and concluded at 4:30 PM. During this brief session, the board reviewed and approved the quarterly financial results.

Audit Review

The financial results underwent scrutiny by the Audit Committee and a limited review by the company's statutory auditors, M K Kothari & Associates. The auditors reported that they found no material misstatements in the financial results, which were prepared in accordance with Indian Accounting Standards (IND AS) Rules, 2015.

Comparative Performance

While the company has not provided comparative figures in the main announcement, the LODR data reveals some interesting insights:

The table shows a significant year-over-year decline in revenue from operations and total income compared to the same quarter in the previous fiscal year. This decrease might indicate challenging market conditions or other factors affecting the company's performance.

Market Compliance

In compliance with regulatory requirements, Step Two Corp has submitted the results and the limited review report to BSE Limited under the company's scrip code 531509. This adherence to transparency norms ensures that investors and stakeholders have access to the latest financial information of the company.

The company's performance this quarter, particularly the decline in revenue and the loss in other income, may warrant attention from investors and analysts. As the fiscal year progresses, it will be interesting to see how Step Two Corp navigates the current business environment and works towards improving its financial metrics.

Investors and stakeholders are advised to consider these results in the context of broader market trends and the company's long-term strategy. As always, it's recommended to consult with financial advisors before making investment decisions based on quarterly results.