we wish to inform you that the Board of Directors at their Board Meeting held on even date inter-alia, have approved the Unaudited Financial Results of the Company for the quarter and half ....
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The Board of Pankaj Polymers approved unaudited results for the quarter and half year ended 30 September 2025, reviewed by auditors Luharuka & Associates with an unmodified (clean) review report. Revenue from operations was very small at Rs. 72.73 lakhs for H1 FY26 (vs Rs. 30.75 lakhs in H1 FY25) and dropped sharply from Rs. 45.97 lakhs in Q1 FY26 to just Rs. 26.76 lakhs in Q2 FY26. The headline swing to a profit of Rs. 207.76 lakhs (from a Rs. 11.70 lakh loss in H1 FY25) is almost entirely driven by 'Other Income' of Rs. 249.54 lakhs, which includes a one-time gain of about Rs. 222 lakhs from sale of fixed assets. Q2 standalone PAT was Rs. 225.07 lakhs (EPS Rs. 4.06), boosted further by a Rs. 13.02 lakh deferred tax credit. Operating cash flow was negative at Rs. -165.08 lakhs for H1 FY26. Total equity improved to Rs. 1,299.92 lakhs (from Rs. 1,092.16) and borrowings were reduced.
The strong reported profit is non-recurring, masking weak core operations that are also burning operating cash. Retail investors should not extrapolate this quarter's earnings — the asset-sale gain flatters results, and the underlying business remains very small with declining sequential revenue.