Standalone & Consolidated Financial Results for the year ended 31st March, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deep Polymers Limited reported FY26 standalone revenue of Rs. 9,872.42 lakhs, virtually flat compared to Rs. 9,817.16 lakhs in FY25. However, PAT grew significantly from Rs. 517.34 lakhs to Rs. 665.59 lakhs, an increase of about 28.7%. EPS improved from Rs. 2.11 to Rs. 7.21. The auditors (S.N. Shah & Associates) issued a qualified opinion on both standalone and consolidated results due to two issues: (1) trade receivables of Rs. 308.06 lakhs where legal recovery procedures have been initiated but no provision for doubtful debts was made, and (2) foreign currency items not restated as per Ind-AS 21 requirements. The Hajipur segment continues to report losses of Rs. 188.65 lakhs for the year.
The qualified opinion raises concerns about accounting practices, specifically the non-provisioning of Rs. 308.06 lakhs in doubtful trade receivables. However, strong PAT growth of nearly 29% and improved EPS are positive signals for shareholders despite flat revenue growth.