This is to inform you that board of directors of the company at their meeting held today 06.08.2025 has considered and approved the following: 1. Un-audited financial results for the quarter ....
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The board of MM Rubber Company Ltd approved the unaudited financial results for the quarter ended 30 June 2025. Revenue from operations fell to ₹919.58 lakhs from ₹1,026.14 lakhs in the same quarter last year, a decline of about 10.4% year-on-year. The company swung to a net loss of ₹49.32 lakhs in Q1 FY26, compared to a profit of ₹13.86 lakhs in Q1 FY25, translating to a loss per share of ₹0.79 (vs. earnings of ₹0.22). Total expenses rose slightly to ₹969.34 lakhs despite lower revenue, squeezing margins. The auditor (Narayan Bhat & Co.) issued an unmodified limited review report with no qualifications. The board also fixed the AGM for 25 September 2025 and approved the appointment of two new independent directors and a scrutinizer for e-voting.
Negative near-term signals for shareholders — revenue shrank and the company reported a quarterly loss after being profitable a year ago, continuing the trend of full-year losses seen in FY25 (₹368.35 lakhs loss). Stock could face short-term pressure on weak results, though the clean auditor review and unchanged auditor provide some stability.