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Arex Industries Ltd reported weak Q1 FY26 results with revenue from operations falling to Rs. 1,126.73 lakhs from Rs. 1,296.93 lakhs in Q1 FY25, a decline of about 13%. Profit after tax dropped sharply to Rs. 24.69 lakhs (EPS Rs. 0.69) compared to Rs. 82.97 lakhs (EPS Rs. 2.10) a year earlier, indicating significant margin compression. The statutory auditor issued a clean limited review report with no qualifications. The board approved re-appointment of all three family Managing Directors (Dinesh Bilgi, Neel Bilgi, and Chirag Bilgi) for a three-year term effective August 1, 2026, subject to shareholder approval. It also amended the MOA to expand the company's business scope into aluminium foil, lamination, and packaging materials, and fixed the 36th AGM for September 29, 2025.
Sharp fall in profitability on already weaker revenue points to stress in the textile labels business and likely negative short-term sentiment. Diversification into packaging may be a long-term positive, but shareholders should watch for margin recovery in coming quarters.