Un-Audited Financial Results for the Quarter Ended June 30, 2025 of the Company together with other businesses items
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Ambitious Plastomac Company reported Q1 FY26 revenue from operations of Rs. 140.55 lakhs, a sharp jump from Rs. 28.60 lakhs in the same quarter last year, driven largely by higher material and labour costs of Rs. 133.86 lakhs. Net profit for the quarter came in at Rs. 2.47 lakhs versus Rs. 1.81 lakhs in Q1 FY25, with EPS of Rs. 0.04. The board also confirmed there is no proposal to raise funds or increase authorised share capital at this stage. The statutory auditor issued a qualified opinion, flagging that the company has not provided for Rs. 6.13 lakhs in interest on old income tax liabilities and tax demands of Rs. 5.34 lakhs (for AY 2006-07 and 2007-08), which overstated profit by Rs. 6.13 lakhs and understated liabilities. Other equity remains deeply negative at Rs. (647.73) lakhs against a paid-up capital of Rs. 581 lakhs, indicating accumulated losses far exceeding share capital.
The strong top-line growth and modest profit improvement are positive, but the auditor's qualified opinion and the very negative reserves position are red flags shareholders should watch closely. The Rs. 11.47 lakh understatement of liabilities means the real profit is thinner than reported, and weak equity cushion raises concerns about long-term financial stability.