Financial results for the year ended 31st March, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mysore Petro Chemicals reported strong turnaround with standalone revenue growing 56% to Rs 5,221.14 lakhs (from Rs 3,347.85 lakhs). Standalone net profit from continuing operations was Rs 439.59 lakhs, recovering from a loss of Rs 1,766.47 lakhs in the previous year. On consolidated basis, total income was Rs 6,052.77 lakhs with net profit of Rs 81.13 lakhs (vs Rs 1,414.43 lakhs last year which included significant exceptional items). The company has an unresolved contingent liability of Rs 1,555.63 lakhs related to a labour tribunal case filed by former workers at its closed Raichur plant, currently stayed by the Karnataka High Court. The erstwhile UK subsidiary QC Polymer Limited was deconsolidated in October 2024 due to appointment of administrator and is in voluntary liquidation. The Board recommended a dividend of 20% (Rs 2 per share). Statutory auditors issued unmodified opinions.
The company has returned to profitability with robust revenue growth. However, the consolidated net profit remains modest at Rs 81.13 lakhs and the labour tribunal contingency and subsidiary liquidation represent ongoing risks. The stock movement will likely depend on resolution of these contingencies and sustainability of revenue growth.