Polyplex Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
POLYPLEX · price
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Polyplex Corporation has submitted its unaudited Q1 FY26 results along with a clean limited review report from joint auditors S.R. Batliboi & Co. LLP and S S Kothari Mehta & Co. LLP. On a standalone basis, revenue from operations rose modestly to Rs. 39,194 lakh (vs Rs. 38,278 lakh in Q1 FY25, up ~2.4%), while standalone profit after tax surged to Rs. 2,209 lakh from Rs. 653 lakh, an increase of about 238%, lifting standalone EPS to Rs. 7.04 (vs Rs. 2.08). On a consolidated basis, revenue grew to Rs. 1,73,867 lakh (up ~3% YoY) but the group swung to a loss after tax of Rs. 5,981 lakh against a profit of Rs. 9,713 lakh in the year-ago quarter, mainly due to a large unrealised foreign exchange loss of Rs. 15,642 lakh (vs Rs. 1,431 lakh) and a Rs. 8,790 lakh loss at the Thailand subsidiary. The company also disclosed an arbitration notice received by its Thailand subsidiary from a minority shareholder of EcoBlue Limited seeking share buyout worth approximately Rs. 34,506 lakh, which the management is contesting.
Standalone performance is sharply better YoY with PAT more than tripling, but the consolidated picture is weak as forex swings and Thailand operations dragged the group into a loss. Shareholders should watch the Rs. 345 crore arbitration exposure at EcoBlue closely, even though the management believes it is contestable and not material to group results.