Neueon Corporation Reports Q1 Results: Standalone and Consolidated Figures Released for Quarter Ended June 30, 2026
Neueon Corporation Limited, formerly known as Neueon Towers Limited, has announced its unaudited financial results for the quarter ended June 30, 2026. The company’s performance figures cover both standalone operations and consolidated group results, which include three wholly owned Indian subsidiaries and one foreign subsidiary of Digitech Business Systems Limited.The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 31, 2026. The company had previously undergone a resolution process until October 23, 2024, with the new Board of Directors having been reconstituted since November 6, 2024.
Standalone Financial Performance
The unaudited standalone results for Neueon Corporation Limited show details across the period ended June 30, 2026. Key income components included a revenue from operations amounting to 591.99 (in Lakhs) for the quarter, alongside 16.56 in other income.Total expenses for the standalone entity stood at 98.67 (in Lakhs), driven by cost of materials consumed at 54.08 and purchase of stock-in-trade at 126.07. The company reported a loss before tax amounting to 1,368.25 (in Lakhs).
The standalone financial results are presented below:
| Particulars | Q ended 30-Jun-26 (Un-Audited) | Q ended 31-Mar-26 (Audited) | Q ended 30-Jun-25 (Un-Audited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from operations | - | 591.99 | 445.54 | 1,572.20 |
| Other income | 16.56 | 6.69 | 1.10 | 14.19 |
| Total Income | 16.56 | 598.68 | 446.64 | 1,586.39 |
| Total expenses | 98.67 | 668.14 | 2,654.99 | 7,834.52 |
| Profit/(Loss) before tax | (82.11) | (1,368.25) | (2,208.35) | (6,248.13) |
Consolidated Group Results
The consolidated unaudited financial results for the quarter ended June 30, 2026, reflect total income of 22.65 (in Lakhs), derived from a revenue from operations of 6.09 and other income of 16.56. Total expenses for the group were recorded at 113.69 (in Lakhs).The consolidated results show a net loss after tax attributable to equity holders of the company amounting to 91.03 (in Lakhs). The financial data highlights the performance against previous periods, with revenue from operations previously reported at 445.54 and total income at 1,611.50 for the prior quarter ended March 31, 2026.
The consolidated performance table:
| Particulars | Q ended 30-Jun-26 (Un-Audited) | Q ended 31-Mar-26 (Audited) | Q ended 30-Jun-25 (Un-Audited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 6.09 | 617.11 | 445.54 | 1,597.31 |
| Other income | 16.56 | 6.69 | 1.10 | 14.19 |
| Total Income | 22.65 | 623.80 | 446.64 | 1,611.50 |
| Total expenses | 113.69 | 19,964.48 | 2,654.99 | 27,130.86 |
| Profit/(Loss) before tax | (91.03) | (20,639.47) | (2,208.35) | (32,618.12) |
Auditor's Review and Subsidiary Details
The Independent Auditor’s review confirms that the results were prepared in accordance with Indian Accounting Standard (Ind AS) 34, 'Interim Financial Reporting'. The audit also included a review of the three wholly owned Indian subsidiaries—Neueon Enterprises Limited, Neueon Power Limited, and Neueon Global Limited.Regarding the performance of these three subsidiaries as at June 30, 2026, they reported total assets of Rs. 583.31 lakhs and recorded a net loss of Rs. 8.93 lakhs for the quarter ended on that date. The auditor’s conclusion on the Statement is qualified due to limitations in reviewing the interim financial information of the Company’s foreign subsidiary, which was furnished by Management.
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