RESULT FOR FIRST QUARTER ENDED 30.06.2025
Awaiting price reaction for this filing.
Pithampur Poly Products reported a sharp drop in revenue but returned to profit in Q1 FY26. Revenue from operations fell to Rs 13.33 lakhs from Rs 19.78 lakhs in the same quarter last year, a decline of about 33%. Total expenses also fell sharply to Rs 12.60 lakhs from Rs 25.72 lakhs, largely due to much lower finance costs (Rs 0.10 vs Rs 13.00) and other expenses. As a result, the company swung from a loss after tax of Rs 4.23 lakhs in Q1 FY25 to a small profit of Rs 1.26 lakhs, giving EPS of Rs 0.03. The full-year FY25 picture remains weak, with a loss after tax of Rs 129.10 lakhs and deeply negative other equity of about Rs 1,146 lakhs against equity capital of Rs 476 lakhs. The auditor (Jain Gautam & Co) issued an unmodified opinion on the results.
Short-term, the swing to profitability is a small positive, but the revenue decline and the company's deeply negative net worth are serious red flags for shareholders. The stock remains a high-risk, micro-cap name with a fragile balance sheet.