Pursuant to Regulation 33 and other applicable provisions of SEBI regulations, please find attached enclosed herewith unaudited financial results (consolidated and standalone) for the Quarter ....
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The Board of Prima Plastics approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), which were also subjected to a limited review by statutory auditor CNK & Associates LLP, who issued an unmodified opinion. On the standalone side, the company reported a net profit of Rs 571.85 lakhs, swinging from a loss of Rs 71.02 lakhs in the same quarter last year, though this turnaround was largely driven by an unusual spike in 'Other Income' from Rs 4.38 lakhs to Rs 834.07 lakhs; core operations (revenue minus total expenses) remained marginally negative. Consolidated revenue from operations rose about 15% to Rs 4,713.52 lakhs, but consolidated net profit dipped to Rs 347.48 lakhs from Rs 401.54 lakhs YoY. The company also disclosed that the demerger of its Rotational Moulding Business into wholly owned subsidiary Prima Innovation Limited is progressing, with NCLT directing shareholder and creditor meetings on September 27, 2025.
The headline standalone turnaround looks strong, but investors should note it is primarily powered by a one-time-looking surge in Other Income rather than core operating performance, so sustainability is questionable. Consolidated bottom line has slightly declined even on higher revenue, and the ongoing Rotational Moulding demerger scheme introduces structural change that may reshape the company's future earnings profile.