Source Industries (India) Ltd (521036)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Source Industries' revenue was ₹0.5 Cr, and net profit ₹0.1 Cr; the operating margin was 12.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.5 | — | +52.3% |
| Operating profit | ₹0.1 | — | +207.5% |
| Net profit | ₹0.1 | — | +2.3% |
| EPS (₹) | 0.05 | — | +0.0% |
| Operating margin | 12.2% | — | — |
📢 Recent Corporate Announcements
Arka Defence & Locomotives Limited (formerly Source Industries (India) Limited) has scheduled its 42nd Annual General Meeting (AGM) for September 30, 2026, via video conferencing. Key resolutions include the adoption of FY26 audited financial statements and the appointment of M/s Suresh Surana & Associates LLP as statutory auditors to fill a casual vacancy up to the 47th AGM. Remote e-voting is set from September 27 to September 29, 2026, with the cut-off date fixed as September 23, 2026.
- 42nd AGM scheduled for Wednesday, September 30, 2026, at 5:00 PM via VC/OAVM.
- Cut-off date for voting entitlement set as September 23, 2026.
- Remote e-voting window runs from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM).
- Appointment of M/s Suresh Surana & Associates LLP as statutory auditors until the 47th AGM to fill casual vacancy.
Statutory Auditor M/s. P R S V & Co. LLP has resigned from Arka Defence & Locomotives Limited (formerly Source Industries (India) Limited) effective August 14, 2026. The auditor was appointed on September 27, 2025, for a 5-year term scheduled to conclude at the 2029-30 AGM. The firm cited increased professional pre-occupation and manpower constraints for the premature exit, having completed the Q1 FY27 limited review on August 13, 2026. The auditor confirmed that the resignation does not stem from an inability to obtain audit evidence.
- Effective resignation date: August 14, 2026.
- Original appointment date was September 27, 2025, with tenure valid until the 2029-30 AGM.
- Stated reason: Professional pre-occupation in other assignments and manpower constraints.
- Last submitted report was the limited review for the quarter ended June 30, 2026, on August 13, 2026.
Arka Defence & Locomotives (formerly Source Industries) reported a sharp increase in Q1 FY27 revenue to ‡50.27 Lacs, compared to ‡2.17 Lacs in the same quarter last year. Net profit for the quarter rose to ‡6.14 Lacs from ‡0.11 Lacs YoY. The company also announced shifting its registered office to Meenakshi Tech Park in Gachibowli, Hyderabad, and scheduled its 42nd AGM for September 29, 2026. While the percentage growth is high, the absolute scale of operations remains very small for a listed entity.
- Revenue from operations grew to ‡50.27 Lacs in Q1 FY27 from ‡2.17 Lacs in Q1 FY26.
- Net profit increased to ‡6.14 Lacs for the quarter ended June 30, 2026, vs ‡0.11 Lacs YoY.
- Total expenses for the quarter stood at ‡44.12 Lacs, including ‡15.87 Lacs in employee benefits.
- Registered office shifted from Patancheru to Gachibowli, Hyderabad, effective immediately.
- The 42nd Annual General Meeting (AGM) is set for September 29, 2026.
Arka Defence & Locomotives (formerly Source Industries) reported a sharp increase in Q1 FY27 revenue to ₹50.27 Lacs, up from just ₹2.17 Lacs in the same quarter last year. Net profit for the quarter rose to ₹6.14 Lacs compared to ₹0.11 Lacs YoY. While the percentage growth is high, the absolute scale remains small, with this single quarter representing approximately 50% of the total TTM revenue of ₹1 Cr. The company also scheduled its 42nd AGM for September 29, 2026, and announced a shift in its registered office within Hyderabad.
- Revenue from operations surged to ₹50.27 Lacs in Q1 FY27 from ₹2.17 Lacs in Q1 FY26.
- Net profit increased to ₹6.14 Lacs for the quarter ended June 30, 2026, vs ₹0.11 Lacs YoY.
- Total expenses for the quarter were ₹44.12 Lacs, driven largely by other expenses of ₹28.25 Lacs.
- The 42nd Annual General Meeting (AGM) is scheduled for September 29, 2026.
- Registered office shifted to Meenakshi Tech Park, Gachibowli, Hyderabad.
Arka Defence & Locomotives (formerly Source Industries) reported a significant jump in revenue to Rs 50.27 Lacs for Q1 FY27, up from just Rs 2.17 Lacs in the same quarter last year. Net profit followed suit, rising to Rs 6.14 Lacs compared to Rs 0.11 Lacs YoY. While the growth percentages are high, the absolute scale of operations remains extremely small with a TTM revenue of approximately Rs 1.5 Cr against a market capitalization of Rs 38 Cr. The company also announced a strategic shift of its registered office to a prominent tech park in Gachibowli, Hyderabad.
- Revenue from operations surged to Rs 50.27 Lacs in Q1 FY27 from Rs 2.17 Lacs in Q1 FY26.
- Net profit increased to Rs 6.14 Lacs for the quarter, representing a 55x growth over the previous year's Rs 0.11 Lacs.
- Other expenses rose significantly to Rs 28.25 Lacs, accounting for over 64% of total quarterly expenses.
- The company is relocating its registered office to Meenakshi Tech Park, Gachibowli, effective immediately.
- The 42nd Annual General Meeting (AGM) is scheduled for September 29, 2026.
Arka Defence & Locomotives Limited (formerly Source Industries) will meet on August 13, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a TTM revenue of only Rs 1 Cr and a high P/E of 296.5. Despite the small financial base, the stock has seen a significant 12-month price return of 680.4%. The recent name change suggests a strategic pivot from textiles toward the defence and locomotive sectors, making these results a key data point for verifying business traction.
- Board meeting scheduled for August 13, 2026, to consider Q1 results.
- Reporting period covers the first quarter ended June 30, 2026.
- Company has undergone a name change to Arka Defence & Locomotives Limited.
- TTM revenue is currently minimal at Rs 1 Cr against a market cap of Rs 36 Cr.
- Promoter holding remains stable at 63.21% as of the last reporting cycle.
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