Outcome of Board Meeting held on 13.08.2025.
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Awaiting price reaction for this filing.
The Board of Indian Acrylics Ltd approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Total income from operations stood at Rs 8,804.92 lakhs, down from Rs 11,696.04 lakhs in Q1 FY25, a decline of about 25%. Net sales dropped sharply to Rs 4,743.13 lakhs from Rs 9,831.24 lakhs, though export sales more than doubled to Rs 3,876.20 lakhs. The company reported a net loss of Rs 471.76 lakhs, narrower than the Rs 876.73 lakhs loss in the same quarter last year. Segment-wise, the Fibre business stayed profitable while Yarn continued to post losses. The Board also fixed the AGM for 29 September 2025 and approved re-appointment of two Independent Directors (Smt. Deva Bharathi Reddy and Smt. Tejinder Kaur) for second terms of five years each, subject to shareholder approval. Auditor AKR & Associates issued an unmodified limited review report on both standalone and consolidated results.
The company remains in losses with negative reserves (Rs 12,522 lakhs as of March 2025), indicating accumulated losses exceeding share capital, though quarterly losses are narrowing. Weak domestic sales and continued yarn segment drag are concerns, but export growth and improving bottom-line may be seen as positives. Short-term stock reaction is likely to be muted given the persistent losses.