Approval of Un-audited financial results for the quarter ended on 30th june 2025
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Palco Metals' board approved its Q1 FY26 unaudited results on 13th August 2025. On a consolidated basis, revenue from operations fell sharply to Rs. 5,513.05 lakhs compared to Rs. 24,595.79 lakhs in Q1 FY25, a drop of roughly 77% year-on-year. Consolidated profit after tax declined to Rs. 26.27 lakhs (EPS Rs. 0.66) from Rs. 282.22 lakhs (EPS Rs. 7.06) in the same quarter last year. On a standalone basis, the company itself had virtually no operating revenue, posting a loss after tax of Rs. 12.29 lakhs (EPS -Rs. 0.31), with all operations effectively running through subsidiary Palco Recycle Industries Limited. The statutory auditor KPSJ & Associates issued an unmodified (clean) limited review report on both the standalone and consolidated results.
Sharp year-on-year revenue and profit compression at the consolidated level is a negative signal for shareholders, though the standalone entity remains a loss-making shell with activity in the subsidiary. The subsidiary's financials were not independently reviewed by the group auditor, which is a minor governance caveat. The trading window remains closed till 15th August 2025.