The Board of Directors at their meeting held today have approved the unaudited standalone and consolidated financial results for the quarter ended 30th June, 2025
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Mysore Petro Chemicals reported Q1 FY26 standalone revenue from operations of ₹725.60 lakhs, down about 30.8% year-on-year from ₹1,048.93 lakhs in Q1 FY25. Despite the revenue fall, standalone profit before exceptional items rose to ₹157.61 lakhs (vs ₹73.40 lakhs a year ago) helped by lower expenses. Including an exceptional gain of ₹1,202 lakhs from sale of property and write-off of capital work-in-progress, standalone profit for the quarter stood at ₹123.21 lakhs (vs ₹903.52 lakhs in Q1 FY25). On a consolidated basis, the company swung to a loss of ₹39.61 lakhs, hit by its share of losses from associate IG Petrochemicals. Prior period figures were restated to treat the QC Polymer UK subsidiary as a discontinued operation after it was deconsolidated in October 2024. The statutory auditor RMJ & Associates LLP issued an unqualified review report.
The sharp revenue decline and consolidated loss are negatives for shareholders, though standalone profitability improved at the operating level. The large exceptional gain masks underlying weakness, and the deconsolidation of QC Polymer plus exposure to associate losses mean headline earnings remain volatile. Shareholders should watch for any recovery in trading revenue and clarity on the ₹1,555.63 lakh contingent liability from the old Raichur plant workmen's dispute.