The Board of Directors of the Company, in their meeting held today, inter alia considered and approved the Un-audited Standalone and Consolidated Financial Results together with Limited ....
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The Board of Pet Plastics Ltd approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) along with the limited review report by statutory auditors Maheshwari & Co. Standalone revenue from operations rose to ₹124.92 lakhs, up about 40% from ₹88.94 lakhs in Q1 FY25 and roughly double the ₹61.31 lakhs in Q4 FY25, driven mainly by merchant trading activity. However, total expenses ballooned to ₹162.16 lakhs (vs ₹95.21 lakhs a year ago), led by a ₹126.34 lakh change in inventory and higher trade purchases, pushing the company into a standalone loss of ₹33.17 lakhs versus a small loss of ₹3.16 lakhs in Q1 FY25. On a consolidated basis (including associate Pet Stock Brokers Ltd), the loss was ₹34.45 lakhs with EPS of ₹(6.89). The auditor issued a clean review report with no modifications, and the company continues to operate in a single segment (trading of plastics, import/export).
Strong top-line growth was wiped out by a sharp jump in inventory and trading costs, resulting in widened quarterly losses for shareholders. The negative earnings, despite revenue expansion, signals poor cost control and is likely to weigh on the stock in the near term.