Outcome of the Board Meeting for approval of the unaudited standalone and consolidated financial results for the quarter ended 30th September, 2025
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Mysore Petro Chemicals reported a sharp drop in Q2 FY26 performance, with standalone revenue from operations falling to ₹502.89 lakhs from ₹816.03 lakhs in Q2 FY25, a decline of roughly 38% year-on-year. For H1 FY26, standalone revenue came in at ₹1,228.49 lakhs versus ₹1,964.96 lakhs in H1 FY25. Standalone net profit for H1 FY26 was ₹466.87 lakhs, compared to ₹1,388.05 lakhs in H1 FY25, though the prior-year figure was boosted by an exceptional gain of about ₹1,202 lakhs from the sale of property. On a consolidated basis, the company slipped into a loss of approximately ₹29.68 lakhs for H1 FY26, versus a profit of ₹507.47 lakhs a year ago, dragged down by losses from associate I G Petrochemicals. The auditor issued an unqualified review report on both sets of results.
The steep revenue decline and consolidated loss point to weakening core trading operations, while the foreign subsidiary Q C Polymer (England) remains under voluntary liquidation with prior impairments of ₹2,534.59 lakhs already booked. A contingent liability of ₹1,555.63 lakhs from an unfavorable labor tribunal order at the closed Phthalic Anhydride plant, currently stayed by the Karnataka High Court, remains a key overhang for shareholders to watch.