Results-Financial Results for June 30,2025
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The board approved unaudited standalone and consolidated financial results for Q1 FY26 on August 13, 2025. On a consolidated basis, revenue from operations was Rs. 5,513.05 lakhs, broadly flat versus Rs. 5,388.30 lakhs in Q1 FY25. However, consolidated profit after tax dropped sharply to Rs. 26.27 lakhs from Rs. 282.22 lakhs a year earlier, a fall of roughly 90% even though revenue was steady. On a standalone basis, the parent company reported no revenue from operations and a loss of Rs. 12.29 lakhs, slightly wider than the Rs. 8.85 lakh loss in Q1 FY25, with all business activity sitting in its subsidiary Palco Recycle Industries Limited. The statutory auditor issued an unqualified review report but noted that the subsidiary's figures were not independently reviewed by them.
A nearly 90% YoY collapse in consolidated profit on flat revenue points to severe margin pressure and weak earnings quality, which is negative for shareholders. The parent company being loss-making with no standalone revenue also raises concerns about the standalone entity's viability, though the operational business in the subsidiary continues to generate sales.