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Shri Jagdamba Polymers reported its Q1 FY26 (quarter ended June 30, 2025) results, with standalone total income rising about 15% to Rs. 14,193.60 lakhs from Rs. 12,332.91 lakhs a year ago. Net profit jumped roughly 35% to Rs. 1,291.55 lakhs (from Rs. 953.17 lakhs), boosted by an exceptional item of Rs. 285.82 lakhs from an insurance claim settlement. EPS stood at Rs. 14.75 versus Rs. 10.88 in the year-ago quarter. The board recommended a final dividend of Rs. 0.75 per share (75% on face value of Rs. 1) for FY25, subject to shareholder approval. In a separate move, statutory auditor SVJK and Associates resigned citing a heavy workload, and Jain K S and Associates was appointed with effect from August 15, 2025 to fill the casual vacancy.
The strong profit growth and dividend declaration are positive for shareholders, though part of the earnings boost comes from a one-time insurance settlement rather than core operations. The mid-year auditor change is administrative and not flagged with any concerns, but investors may keep an eye on the new auditor's first full-year review.