Tipsheet
What matters at India’s listed companies
Archive / Page 231

Notes archive.

Mon · 25 May
6
Earnings · Finance - NBFC

Step Two’s full-year loss balloons to ₹191.81 lacs as old fraud hits the books

A 28-year-old bank fraud write-off and a 35% income collapse turned a small Q4 profit into a ₹136 lacs loss. The full-year deterioration is stark.

STEP2COR Micro cap 5:00 PM
6
Depository Services

NSDL hires former BSE CTO and NSE compliance chief as executive directors

SEBI cleared the appointments of Subhash Kelkar and Ankit Sharma to run NSDL's critical operations and regulatory verticals.

NSDL Mid cap 4:58 PM
6
Concalls · Plywood and Laminates

Century Plyboards pulls FY27 guidance after MDF margin shock

Full-year profit jumped 44% but management scrapped its forward outlook, reversing last quarter's cost tailwind narrative.

CENTURYPLY Mid cap 4:58 PM
5
Earnings · Solvent Extraction

Khandelwal Extractions revenue falls 18%, profit drops to ₹21 lakh

Annual results confirm a shrinking top line and profit for the ₹16 crore nano-cap. The numbers were already known.

ZKHANDEN Micro cap 4:58 PM
5
Earnings · Business Support

Suvidha Infraestate's full-year revenue is ₹8 lakhs. The net loss is nearly as big.

The nano-cap real-estate firm booked ₹7.95 lakh in revenue for FY26, against a net loss of ₹7.85 lakh.

SICL Micro cap 4:56 PM
6
Earnings · Tiles & Sanitaryware

Global Surfaces' consolidated loss widens as auditor flags tariff and loan risks

Revenue rose to ₹233 cr but the consolidated loss deepened. The auditor's report flags four red flags, including a pending Dubai capitalization and a plant closure.

GSLSU Micro cap 4:55 PM
6
Earnings · Textile - Manmade Fibres

Pasupati Acrylon profit nearly doubles on ethanol push

Annual revenue jumped 63% to ₹1,010 cr, with the new ethanol business contributing ₹324 cr. The board has greenlit a ₹25 cr debottlenecking investment to lift capacity.

PASUPTAC Micro cap 4:55 PM
6
Earnings · Trading

TVS Electronics guided for double-digit growth. Its own capex numbers don't add up.

Management forecast double-digit FY27 growth across all segments, but a ₹25 crore capex swing and a product reclassification raise more questions than they answer.

TVSELECT Micro cap 4:54 PM
5
Earnings · Solvent Extraction

Pioneer Agro's FY26 loss is six times last year's profit. Net worth is gone.

Revenue dropped **12%** to **₹128.14 lakhs**. Accumulated losses pushed other equity to **negative ₹37.13 lakhs**.

PIONAGR Micro cap 4:51 PM
7
Media & Entertainment

PVR Inox's growth CEO quits weeks after record results.

Pramod Arora, who oversaw expansion and capital allocation, resigned for personal reasons on May 24. His exit follows the company’s best-ever annual results and a plan for 120–130 new screens.

PVRINOX Mid cap 4:50 PM
5
Earnings · Finance - Investment

Nexome's integrated results file adds nothing the market hasn't already seen.

The annual filing packages previously disclosed numbers with their audit opinion. No new financials.

NEXOME Micro cap 4:50 PM
5
Earnings · Real Estate

Capacit'e transcript restates known guidance cuts; no new signal.

The Q4 FY26 call transcript formalises the margin and revenue downgrades already flagged in the concall summary. It adds nothing material.

CAPACITE Small cap 4:49 PM
5
Earnings · IT - Software

Tracxn's loss shrank in FY26. Its revenue didn't.

The nano-cut software platform's annual results show a narrower loss but a shrinking top line.

TRACXN Micro cap 4:49 PM
5
Earnings · Software Services

IRIS RegTech's Q4 call adds nothing the earnings release didn't already say

The May 18 transcript covers AI and Middle East plans but holds no new facts. The filing is procedural.

IRIS Micro cap 4:49 PM
7
Paper Products

Satia Industries shutting PM-3 for five months at Punjab plant

The micro-cap paper maker says the move is for long-term efficiency, but losing a machine for five months will hurt near-term output.

SATIA Micro cap 4:49 PM
5
Diamond & Jewellery

Rajesh Exports sets May 1 board meeting to approve Q4 and FY26 results

A routine regulatory notice confirming the date and agenda for the earnings release. No financial data or operational updates are in this filing.

RAJESHEXPO Small cap 4:48 PM
6
Earnings · Consumer Food

HMA Agro's profit jumps 88% as revenue climbs 35%

The micro-cap food processor swung to a standalone Q4 profit, reversing a prior-year loss.

HMAAGRO Small cap 4:48 PM
6
Earnings · Textile - Manmade Fibres

Pasupati Acrylon's ethanol hit ₹324 cr. Now it's spending ₹25 cr to make more.

Revenue rose 63% to ₹1,010 cr and profit rose to ₹70 cr in FY26, with ethanol delivering ₹324 cr. The board is investing ₹25 cr to lift ethanol capacity 33%.

PASUPTAC Micro cap 4:47 PM
6
IT - Software

Marushika's service revenue tripled, beating its own targets

FY26 revenue grew 36.6% on a surge in higher-value solutions. The company is now expanding into data-center hardware and naval defense tech.

MARUSHIKA Micro cap 4:47 PM
6
Earnings · Chemicals

Neogen's battery project cost swells 20% to ₹1,795 cr, Dahej slips to Feb 2027

The battery materials subsidiary's capital outlay has jumped from ₹1,500 cr. The standalone business guides ₹875-950 cr for FY27.

NEOGEN Mid cap 4:47 PM
6
Earnings · Finance - NBFC

Kiduja swings to profit, but auditor flags going-concern risk again.

A ₹222.75 lakh net profit in FY26 is the first in two years, but the auditor says negative net worth and liabilities still threaten the company's ability to keep operating.

KIDUJA Micro cap 4:46 PM
5
Earnings · Engineering - Industrial Equipments

Bemco Hydraulics posts FY26 results, approves ₹0.10 dividend

A routine annual results package with no surprises. The board also greenlit a sublease for an automobile showroom.

BEMHY Micro cap 4:46 PM
6
Concalls · Auto Ancillary

Studds guides 17-18% FY27 revenue growth, backs premium SMK push

The helmet maker's premium SMK line is growing at a 52% CAGR and now carries a 27% EBITDA margin, 10 points above the core brand.

STUDDS Small cap 4:46 PM
6
Earnings · Finance - Investment

Nexome swings to ₹9.92 cr profit on one big quarter of investment banking

Revenue jumped from ₹1.11 cr to ₹21.90 cr in a single quarter, pulling the firm from a loss to a ₹9.92 cr profit.

NEXOME Micro cap 4:46 PM
5
Earnings · Tea/Coffee

Warren Tea's losses widen as cash burn continues ahead of merger

The nano-cap's standalone net loss hit ₹338 lakhs in FY26, swinging from a profit a year earlier. The results were expected given its transition to Maple Hotels.

WARRENTEA Micro cap 4:45 PM