Un-audited financial results for the quarter ended 30/06/2025
Awaiting price reaction for this filing.
Union Quality Plastics Ltd reported zero revenue from operations for Q1 FY26, identical to Q1 FY25, suggesting the company is not generating any core business income. The firm posted a net loss of Rs. 2.63 lakhs, narrower than the Rs. 8.42 lakh loss in Q1 FY25, primarily due to lower other expenses (Rs. 0.97 lakh vs Rs. 6.23 lakh). The other income, which had contributed Rs. 604 lakhs in FY25 (mainly in Q4), was nil this quarter. Other equity stands at a deeply negative Rs. (856.28) lakhs as of March 2025, meaning the company's accumulated losses have completely wiped out its reserves.
Shareholders should be cautious: the company has no operational revenue, is loss-making, and its net worth is eroded (negative reserves), raising serious going-concern doubts. The stock is likely to be viewed negatively by investors until the company restarts revenue-generating operations.