BSEPBM Polytex Ltd-$HighNeutral
Announced Sat, 14 Feb · 12:44 IST

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

Going ConcernEmphasis Of MatterExceptional ItemRevenue DeclineResults View source PDF

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AI summary

PBM Polytex's board approved the unaudited financial results for Q3 FY26 and the nine months ended 31 December 2025, along with the auditor's limited review report. On a standalone basis, the company swung back to profit with a Q3 PAT of Rs. 232.26 lakhs compared to a loss of Rs. 132.88 lakhs in the same quarter last year; 9M FY26 PAT was Rs. 19.05 lakhs versus a loss of Rs. 361.33 lakhs in 9M FY25. However, Q3 revenue from operations fell to Rs. 3,713.14 lakhs (from Rs. 4,264.74 lakhs YoY) and 9M revenue declined to Rs. 11,856.25 lakhs (from Rs. 12,645.55 lakhs). The profit rebound was largely driven by a one-time Rs. 609.69 lakhs gain from sale of freehold land included in 'Other Income'. In the consolidated results, the auditor flagged the associate company Eurotex Industries, whose net worth is fully eroded, manufacturing plants shut since 2019, with financial statements still drawn up on a going-concern basis.

Likely market impact

The headline turnaround is largely propped up by a one-off land sale, so core operations remain under pressure with revenue still declining year-on-year. Shareholders should watch the associate Eurotex's going-concern status and whether the underlying yarn business can return to sustainable profitability without the land-sale boost.