Outcome of Board Meeting held on 02nd August, 2025.
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Awaiting price reaction for this filing.
Patels Airtemp's Board approved the unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025). Total revenue from operations fell to Rs. 8,256.67 lakhs from Rs. 11,349.61 lakhs in Q1 FY25, a drop of around 27%. Net profit declined to Rs. 280.19 lakhs from Rs. 506.09 lakhs, down about 44.6%, with EPS falling to Rs. 5.12 from Rs. 9.25. Total expenses were Rs. 7,906.28 lakhs against Rs. 10,712.41 lakhs in the year-ago quarter. No exceptional items were reported in Q1 FY26. The statutory auditors (Parikh & Majmudar) issued a clean limited review report with no qualifications. The Board also declared a Rs. 3.00 per share dividend (30%) for FY25, subject to shareholder approval, with the record date fixed as 19 September 2025 and the 33rd AGM scheduled for 27 September 2025.
Sharp year-on-year decline in both revenue and profit in Q1 FY26 is a negative earnings signal and may weigh on near-term sentiment, though the unchanged dividend payout and clean auditor review provide some comfort.