Step Two Corporation Reports Q1 FY2026 Results: Revenue at ₹89.71 Lakh Amid Challenging Market Conditions

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.