FINANCIAL RESULTS 30.06.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deep Polymers reported Q1 FY26 standalone revenue from operations of Rs. 2,540.01 lakhs, down about 8.2% from Rs. 2,768.29 lakhs in Q1 FY25. Total income was Rs. 2,638.30 lakhs vs Rs. 2,827.02 lakhs. Profit after tax came in at Rs. 144.19 lakhs vs Rs. 152.34 lakhs (down ~5%), with EPS of Rs. 0.60 vs Rs. 0.63. Sequentially, revenue rose roughly 10% over Q4 FY25 (Rs. 2,299.99 lakhs). On the consolidated side, including associate Deep Additives, PAT was Rs. 145.18 lakhs and EPS Rs. 0.60. The auditor, M/s S N Shah & Associates, flagged two concerns: Rs. 166.72 lakhs in trade receivables under legal recovery where no doubtful-debt provision has been made (overstating profit and shareholder funds by that amount), and foreign-currency items not restated at period-end rates as required by Ind AS-21.
Headline numbers are modestly weaker year-on-year with profit almost flat, but the real risk is the auditor's flag on Rs. 166.72 lakhs of unrecovered receivables and Ind AS-21 non-compliance, which means reported profit and equity could be overstated. Shareholders should watch for provisioning action and any forex restatement impact in coming quarters, as both could meaningfully compress reported earnings.