BOARD OF DIRECTORS APPROVED UNAUDITED QUARTERLY RESULTS FOR THE QUARTER ENDED AS ON 30TH JUNE 2025 AND OTHER AGENDA ITEMSS
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Apt Packaging Ltd's Board approved unaudited standalone financial results for the quarter ended 30 June 2025 on 1 August 2025. The company also filed a clarification on 3 August for annexures (deviation report, default disclosure, related-party format) that were missed in the original submission. Net profit for Q1 FY26 dropped sharply to Rs. 0.98 lakh from Rs. 3.58 lakh in Q1 FY25, with basic EPS at Rs. 0.01 versus Rs. 0.07 a year ago. Total income for the quarter stood at around Rs. 476 lakhs. The auditor (Gautam N Associates) issued a qualified opinion flagging four issues: unprovided GST liability of Rs. 20.70 lakh for FY20 under appeal, doubtful debts of Rs. 11.45 lakh not provisioned, manual FIFO stock valuation pending system upgrade, and unsecured-loan interest not booked due to lender waivers. Separately, the company raised Rs. 19.65 crore via preferential issue of 95.6 lakh shares at Rs. 30 (Rs. 10 face + Rs. 20 premium) on 8 May 2025, with proceeds used for debt repayment (Rs. 14.39 crore utilized), working capital, expansion, and general corporate purposes. Two Additional Directors — Mr. Suyog Machhar (promoter) and Mr. Vikas Tapdiya (independent) — were appointed effective 1 August 2025, subject to shareholder approval.
Sharp year-on-year decline in quarterly profit, a qualified auditor opinion with pending GST and doubtful-debt exposures, and deviation in use of preferential-issue funds beyond the original debt-repayment allocation are negative signals for shareholders. The capital raise and induction of an independent director are mildly positive but unlikely to offset near-term earnings weakness.