BSEPBM Polytex Ltd-$HighNeutral
Announced Sat, 14 Feb · 12:48 IST

The Board in its Meeting held on 14.02.2026 has approved the Unaudited Financial Results (standalone and consolidated) for the Quarter and nine months ended 31.12.2025.

Revenue DeclinePat Growth 25pctExceptional ItemEmphasis Of MatterGoing ConcernResults View source PDF

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Awaiting price reaction for this filing.

AI summary

PBM Polytex reported standalone revenue from operations of Rs 3,713.14 lakhs for Q3 FY26, down about 13% from Rs 4,264.74 lakhs in Q3 FY25. For the nine months ended December 2025, revenue fell to Rs 11,856.25 lakhs from Rs 12,645.55 lakhs (a decline of around 6%). Standalone profit after tax swung to Rs 232.26 lakhs in Q3 from a loss of Rs 132.88 lakhs a year ago, and nine-month PAT moved into positive territory at Rs 19.05 lakhs versus a loss of Rs 361.33 lakhs. However, this turnaround is largely driven by a one-time gain of Rs 609.69 lakhs from the sale of freehold land, booked under Other Income. The auditor flagged an emphasis-of-matter regarding new Labour Codes (effective 21 November 2025) and noted that the company's associate, Eurotex Industries & Exports Ltd, has eroded net worth and discontinued manufacturing since 2019, yet its financials were still prepared on a going concern basis.

Likely market impact

The headline profit recovery looks positive but is propped up by a one-off land sale rather than improvement in core yarn business, where revenues are still declining. Investors should treat the PAT turnaround cautiously and watch core operating performance in coming quarters. The associate's going concern flag adds an additional risk on the consolidated numbers.