The statement of deviation and variation for the quarter ended June 30, 2025 is enclosed.
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Awaiting price reaction for this filing.
POCL Enterprises reported Q1 FY26 standalone net sales of Rs 37,242.92 lakhs, up modestly from Rs 36,368.98 lakhs in Q1 FY25 (~2.4% YoY), but profit before tax jumped 87% YoY to Rs 1,561.86 lakhs, driven by lower raw material and trading purchase costs. Standalone net profit rose 85% YoY to Rs 1,164.08 lakhs (EPS Rs 4.11 vs Rs 2.25), while consolidated net profit was Rs 1,132.56 lakhs after accounting for a Rs 31.52 lakh loss from new associate PlanetFirst Green Pvt Ltd. The company confirmed no deviation in use of funds from its recent preferential issue. The Board appointed new directors (Harish Kumar Lohia as Non-Executive, Nupur Bansal and Sagar Bansal as Whole-time Directors), accepted the resignation of Whole-time Director Venkataraman Yerra Milli (who moved to a non-board Executive Director - Marketing role), and recommended CNGSN & Associates LLP as new statutory auditors for 5 years. A dividend record date was set for September 5, 2025, with the 37th AGM scheduled for September 26, 2025.
Strong profit growth (~85% YoY) on stable revenue signals margin expansion and cost efficiency, which is positive for shareholders. The auditor change and significant board reshuffle (including appointment of family members to Whole-time roles) may raise governance questions but the clean limited review report and confirmed proper use of preferential funds provide comfort. The declared dividend and clearer leadership structure could support near-term sentiment.