Board approves Q1 results, reverses interest from overseas subsidiaries

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹59.19

prior close

₹58.70

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-0.5% vs market

Rubber peers, median of 9sector+1.1%-1.4% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.4 pts less than its Rubber peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.3+0.2-0.5+1.1-1.4

Next day

+1.5+0.2+1.2-0.0+1.5

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UpDownMarket · Nifty Microcap 250Sector · Rubber peers, median of 9Pending

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AI summary

Board approved Q1 FY27 results. Standalone PAT was Rs 43.23 cr on revenue of Rs 58.43 cr. Consolidated PAT was Rs 40.85 cr on revenue of Rs 70.09 cr, down 19% YoY. Profit included a Rs 43.26 cr exceptional gain from sale of land and building. Board approved reversal of Rs 1.66 cr interest receivable from US and Brazil wholly-owned subsidiaries. Also approved voluntary winding up of dormant Kenya subsidiary and inoperative Australia subsidiary Pincott. Auditors flagged going concern uncertainty for three foreign subsidiaries with negative net worth.

Likely market impact

Interest reversal and subsidiary closures point to weak overseas operations. Consolidated revenue fell 19% YoY, though PAT is propped up by a one-time land sale gain.