Results for the quarter ended on 30.06.2025
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Narmada Macplast Drip Irrigation Systems reported revenue from operations of ₹310.16 lakhs for Q1 FY26, compared to nil in Q1 FY25, indicating a fresh start to operational activity. Profit after tax stood at ₹40.09 lakhs versus just ₹0.48 lakhs a year ago, with EPS of ₹1.11. Total expenses were ₹255.99 lakhs and PBT came in at ₹54.17 lakhs after a tax outflow of ₹14.08 lakhs. The statutory auditor (Rajendra J. Shah & Co.) issued a clean limited review report with no qualifications. Separately, the Board approved the appointment of M/s. Bharat Prajapati & Co. as Secretarial Auditor for five years from FY26 to FY30, subject to shareholder approval. The company had already declared and paid an interim dividend of ₹0.10 per share for FY26 in May 2025.
The sharp jump in revenue and profit from a near-zero base signals a business revival, but the very small scale (₹3 crore quarterly revenue) and lack of prior-year operating base mean these growth numbers should be viewed cautiously. The clean audit report and small interim dividend are mildly positive for shareholders.