The Board of Directors of the Company at its meeting held today considered and approved the Unaudited Financial Results along with Limited Review Report for the quarter ended on 30th June, ....
Awaiting price reaction for this filing.
Virgo Polymers' board, at its meeting on August 13, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with a clean limited review report from auditor Venkat & Rangaa LLP. Revenue from operations fell sharply to ₹1,592.2 lakhs from ₹2,765.9 lakhs in the same quarter last year, a drop of roughly 42% year-on-year. However, the company swung back to a profit of ₹7.5 lakhs compared to a loss of ₹167.7 lakhs in Q1 FY25, translating to an EPS of ₹0.2 versus a negative ₹4.9 earlier. Total expenses also reduced from ₹2,964.4 lakhs to ₹1,916.8 lakhs, helping restore profitability despite weak top-line performance. There were no exceptional items, and the auditor issued an unmodified review report.
The sharp revenue decline is a concern for shareholders, but the return to profit and absence of any auditor qualifications offer some comfort. Investors should watch whether the topline recovers in coming quarters, as sustained revenue weakness could limit earnings growth.