The Board of Directors at their meeting held on even date have approved the UFT for the quarter/HY ended 30/09/2025 as reviewed by the Audit Committee. The same are attached herewith.
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Awaiting price reaction for this filing.
Pankaj Polymers posted a profit of Rs 225.07 lakhs in Q2 FY26 versus a loss of Rs 6.08 lakhs in Q2 FY25, with H1 FY26 profit at Rs 207.76 lakhs (vs loss of Rs 11.70 lakhs in H1 FY25). This turnaround is largely driven by a sharp spike in 'Other Income' to Rs 230.53 lakhs in Q2 (vs Rs 19.30 lakhs a year ago), which the cash flow statement shows is almost entirely from a one-time profit on sale of fixed assets (Rs 222.03 lakhs). Core revenue from operations remains small at Rs 26.76 lakhs for Q2 and Rs 72.73 lakhs for H1. Operating cash flow swung sharply negative at Rs (165.08) lakhs for H1 FY26 versus Rs (10.62) lakhs in H1 FY25. Auditor Luharuka & Associates issued an unqualified limited review report.
The headline profit turnaround is misleading — it is driven mainly by a one-time asset sale, not core operations. Investors should focus on the weak and volatile core revenues and the deeply negative operating cash flow, which suggest the underlying business is not generating cash. Equity improved to Rs 1,299.92 lakhs (from Rs 1,092.16), but this is largely an accounting effect from the asset sale. The stock may see short-term positive reaction on the profit, though sustainability is questionable.