Mysore Petro Q1 Net Profit Jumps 141% YoY

Key Quantitative Figures (Standalone - ₹ in lakhs)

| Revenue from Operations | 1,143.77 | 725.60 | 5,221.14 |

| Other Income | 437.21 | 236.39 | 1,239.14 |

| Total Income | 1,580.98 | 961.99 | 6,460.28 |

| Total Expenses | 1,187.62 | 804.38 | 6,005.42 |

| Profit before tax | 393.36 | 157.61 | 454.86 |

| Tax Expense | 96.92 | 34.40 | 15.27 |

| Net Profit for the period | 296.44 | 123.21 | 439.59 |

| Total Comprehensive Income | 294.76 | 122.87 | 432.93 |

| Basic EPS (₹) | 4.50 | 1.87 | 6.68 |

Key Quantitative Figures (Consolidated - ₹ in lakhs)

| Revenue from Operations | 1,143.77 | 725.60 | 5,221.14 |

| Other Income | 437.21 | 236.39 | 831.63 |

| Total Income | 1,580.98 | 961.99 | 6,052.77 |

| Total Expenses | 1,187.62 | 804.38 | 6,005.42 |

| Profit/(Loss) before share of associate and tax | 393.36 | 157.61 | 47.35 |

| Share of Profit/(Loss) of Associate (I G Petrochemicals Ltd) | 879.19 | (171.82) | 29.36 |

| Profit/(Loss) before tax | 1,272.55 | (14.21) | 76.71 |

| Tax Expense | 316.48 | 25.40 | (4.42) |

| Net Profit/(Loss) for the period | 956.07 | 139.61 | 81.13 |

| Total Comprehensive Income/(Loss) | 947.59 | 96.14 | 374.31 |

| Basic EPS (₹) | 14.52 | (0.60) | 1.23 |

Parties Involved

The financial results include the company's share of profit from its associate, I G Petrochemicals Limited. The review of the associate's results was performed by another auditor.

Contingent Liability and Legal Proceedings

The company disclosed a contingent liability of ₹1,555.63 lakhs related to an order from the Industrial Tribunal, Hubbali, Karnataka, dated April 2024. The tribunal ruled in favor of the workmen's union regarding additional demands following the closure of the Phthalic Anhydride Plant in Raichur in July 2013. The company filed a writ petition in the High Court of Karnataka, Kalaburagi Bench, on October 28, 2024. The High Court stayed the execution of the tribunal's award on December 12, 2024, pending the final outcome of the writ petition. The management is confident of a favorable decision and has not made any provision in the books.

Segment Information

The company is mainly engaged in the trading of organic and inorganic chemicals, which is considered the only reportable segment. Disclosure under IND AS 108 on 'Operating Segments' is not applicable.

Prior Period Restatement

In the previous year, during the quarter ended March 31, 2026, the company recognized a forex translation difference through other comprehensive income (OCI) in its consolidated results. This was due to a presentation/reclassification change made by its associate company, I G Petrochemicals Limited. The restatement increased OCI, other equity, and the carrying value of the investment in the associate for comparative periods but did not affect earnings per share. The impact of the restatement is quantified as follows (₹ in lakhs):

| Other Comprehensive Income | 85.83 | 136.95 | 290.54 |

| Other Equity | 85.83 | 136.95 | 290.54 |

| Investment in Associate | 85.83 | 136.95 | 290.54 |

Auditor's Review

The statutory auditor, RMJ & Associates LLP, issued an unmodified review report for both the standalone and consolidated results. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by the ICAI. The auditor's conclusion states that nothing has come to their attention to believe the statements contain any material misstatement.

Capital Structure

The paid-up equity share capital remained unchanged at ₹658.76 lakhs (face value of ₹10 per share) for both standalone and consolidated entities.

#Tags: #MysorePetroChemicals #Q1Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Positive