FINANCIAL RESULTS 30.06.2025
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Deep Polymers reported Q1 FY26 results with standalone revenue from operations at ₹2,540.01 lakhs, down about 8% from ₹2,768.29 lakhs in Q1 FY25. Total income stood at ₹2,638.30 lakhs vs ₹2,827.02 lakhs. Profit after tax was ₹144.19 lakhs (vs ₹152.34 lakhs, a decline of roughly 5%) and basic EPS came in at ₹0.60 vs ₹0.63. Consolidated PAT was ₹145.18 lakhs. The statutory auditor (S N Shah & Associates) issued a qualified review report, flagging two concerns: (1) ₹166.72 lakhs of trade receivables under legal recovery where no doubtful-debt provision was made, overstating profits and shareholders' funds by the same amount, and (2) foreign currency monetary items not being restated at period-end rates as required by Ind AS 21. Segment-wise, the Hajipur unit continued to post a loss (₹78.97 lakhs segment loss) while Rakanpur remained the main profit driver.
Shareholders should note that reported profit and shareholders' funds are likely overstated by around ₹166.72 lakhs due to missing provision on disputed receivables. Year-on-year decline in both revenue and profit, combined with auditor qualifications, is mildly negative for sentiment, though the company remains profitable and EPS erosion is modest.