Toyam Sports Limited announced its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company reported a consolidated loss of ₹125.78 Lakhs for the period, a significant increase from the previous year. Standalone results also showed a loss of ₹26.73 Lakhs. The company is engaged in the business of Sports Promotion. The auditor’s report indicates several qualifications regarding impairment of financial assets and compliance with statutory liabilities.
Toyam Sports Reports Q1 FY27 Financial Results
Toyam Sports Limited has disclosed its Unaudited Standalone and Consolidated Financial Results for the first quarter of the financial year 2026-27, ending on June 30, 2026. The board meeting where these results were transacted and approved was held on September 18, 2026.
Consolidated Financial Performance
For the quarter ended June 30, 2026, the consolidated total income stood at ₹5.50 Lakhs. However, total expenses amounted to ₹131.37 Lakhs, resulting in a consolidated Profit/(Loss) from Operations before Exceptional Items of ₹-125.87 Lakhs. After accounting for tax expenses, the consolidated Net Profit/(Loss) for the period was ₹-125.78 Lakhs. Basic and diluted Earnings per share for the consolidated entity were ₹-0.02.
Standalone Financial Performance
On a standalone basis, for the quarter ended June 30, 2026, Toyam Sports Limited reported a total income of ₹5.50 Lakhs, with total expenses at ₹32.32 Lakhs. This led to a standalone Profit/(Loss) from Operations before Exceptional Items of ₹-26.82 Lakhs. The Net Profit/(Loss) for the period after tax was ₹-26.73 Lakhs. The standalone Earnings per share was ₹-0.005.
Auditor’s Report Highlights
The Limited Review Report from ASGR & Co., Chartered Accountants, indicates a qualified conclusion for both standalone and consolidated results. Key areas of qualification include the company’s failure to provide for impairment of financial assets using the expected credit loss (ECL) approach, and the lack of an impairment analysis for loans and advances given to various companies. Additionally, the company has not deliberated on the economic benefits realizable from merchandizing agreements and has not complied with certain statutory liabilities such as Professional Tax and TDS.
The report also notes that the company has received notices from SEBI, and pending completion of investigation, the consequent impact on financial results is not ascertainable. The management has stated that they are cooperating with SEBI and have frozen some shares.
Source: BSE
