Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 we would like to inform you that the Board of Directors ....
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Muller & Phipps India Ltd's board met on August 12, 2025, and approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Net sales from operations fell sharply to ₹92.10 lakhs, down from ₹148.17 lakhs in the same quarter last year — a decline of roughly 38%. Despite weaker revenue, the company swung to a net profit of ₹69.82 lakhs versus ₹6.24 lakhs in Q1 FY25, helped mainly by a jump in other income to ₹107.18 lakhs. EPS for the quarter stood at ₹11.47 compared to ₹1.00 in the year-ago quarter. The board also approved holding the 108th AGM on September 23, 2025 via video conferencing, and announced key managerial changes including the appointment of Mrs. Hinal Shah as Additional Woman Independent Director and Mr. Shreekant Kudtarkar as Company Secretary & Compliance Officer, replacing Mrs. Kamlini Maniar who completed her second and final term as Independent Director.
The sharp drop in core sales is a concern even as reported profits improved, since the profit jump was driven by other income rather than operations. For shareholders, the company continues to show a negative other equity position (₹270.38 lakhs as of March 2025), which keeps near-term financial health in focus despite the quarterly turnaround.