Financial results for the quarter ended on 30.09.2024.
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Noble Polymers has submitted its financial results for the quarter ended September 30, 2024, along with results for several earlier quarters (from June 2022 to December 2024), indicating a delayed catch-up filing. The company reported a profit before tax of approximately ₹371.54 lakhs for Q2 FY25, a sharp turnaround from losses in earlier periods. However, reserves and surplus remain deeply negative at around ₹(329.16) lakhs, reflecting accumulated losses. Trade receivables stood at ₹116 lakhs and cash & cash equivalents at ₹67.68 lakhs as of September 2024. The board also approved results through December 2024 and authorized signing of the same.
The sharp swing to profit is encouraging, but deeply negative reserves and the unusually long backlog of unaudited results raise governance and reliability concerns for shareholders. The auditor change and delayed multi-quarter filing may weigh on investor confidence until clearer trends emerge.