Parle Industries Limited has informed BSE that the Board in their meeeting held on August 14, 2025 has approved inter alial the following Financial Results for quarter ended June 30, 2025 ....
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Awaiting price reaction for this filing.
Parle Industries announced Q1 FY26 results on August 14, 2025. On a standalone basis, revenue from operations fell to Rs 28.40 lakhs from Rs 35.00 lakhs in Q1 FY25, and the company swung to a loss before tax of Rs 22.86 lakhs (vs profit of Rs 23.22 lakhs YoY). A deferred tax benefit of Rs 5.80 lakhs cushioned the bottom line, yielding a profit after tax of Rs 8.79 lakhs. On a consolidated basis (including Windfield Spaces Pvt Ltd subsidiary), total revenue was Rs 24.61 lakhs with PAT of Rs 10.01 lakhs. The statutory auditor issued a qualified conclusion, flagging the ongoing legal dispute over non-receipt of consideration from terminated Share Purchase Agreements with WISPL and MVPL, now sub-judice in the Bombay High Court. Separately, Company Secretary Ms. Deepika Tater resigned effective July 23, 2025.
The qualified auditor opinion, sharp YoY revenue decline, swing into pre-tax loss, and the sub-judice SPA dispute with WISPL/MVPL are red flags for investors. The positive PAT is only due to deferred tax adjustments and does not reflect healthy operating performance.