We hereby submitting Revised financials results with clarification letter for the Quarter ended June 30, 2025
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Noble Polymers Ltd submitted revised unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with a clarification letter. Total income for the quarter was Rs 21.24 lakhs, a sharp drop from Rs 550.42 lakhs in the same quarter last year (Q1 FY25), representing a decline of roughly 96%. Profit after tax stood at Rs 13.30 lakhs versus Rs 460.48 lakhs in Q1 FY25, though it improved from a loss of Rs 26.62 lakhs in Q4 FY25. Earnings per share for the quarter was Rs 0.21 compared to Rs 7.11 in the year-ago quarter. The statutory auditor (R.B. Gohil & Co.) issued an unmodified limited review report with no qualifications or emphasis of matter.
The massive revenue collapse year-on-year is a significant red flag for shareholders, even though the company returned to a small profit this quarter. The fact that the results were revised and resubmitted with a clarification letter may raise concerns about prior reporting quality and could weigh negatively on investor confidence.