Polycon International Limited submitted its unaudited standalone financial results for the quarter and half year ended September 30, 2026, to the Bombay Stock Exchange pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 14, 2026, which commenced at 3:00 PM and concluded at 4:25 PM. The statutory auditors, SR Goyal & Co., conducted a limited review of these results as required under Regulation 33.

Financial Performance Highlights

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: Rs 277.25 lakh (compared to Rs 385.77 lakh in Q2 FY26 - 28.1% decrease)
  • Other income: Rs 9.16 lakh (compared to Rs 0.05 lakh in Q2 FY26)
  • Total revenue: Rs 286.41 lakh
  • Total expenses: Rs 379.36 lakh
  • Loss before tax: Rs -92.95 lakh (compared to Rs -104.36 lakh in Q2 FY26)
  • Tax expense: Rs -3.85 lakh
  • Net loss: Rs -89.10 lakh (compared to Rs -101.52 lakh in Q2 FY26)
  • Basic and diluted EPS: Rs -1.82 (compared to Rs -2.08 in Q2 FY26)

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from operations: Rs 701.89 lakh (compared to Rs 821.39 lakh in H1 FY26 - 14.6% decrease)
  • Other income: Rs 20.30 lakh (compared to Rs 0.23 lakh in H1 FY26)
  • Total revenue: Rs 722.19 lakh
  • Total expenses: Rs 864.87 lakh
  • Loss before tax: Rs -142.68 lakh (compared to Rs -132.75 lakh in H1 FY26)
  • Tax expense: Rs -6.51 lakh
  • Net loss: Rs -136.17 lakh (compared to Rs -127.04 lakh in H1 FY26)
  • Basic and diluted EPS: Rs -2.78 (compared to Rs -2.60 in H1 FY26)

Expense Breakdown (Quarter Ended September 30, 2026)

  • Cost of materials consumed: Rs 142.42 lakh
  • Purchase of stock-in-trade: Rs 2.92 lakh
  • Changes in inventories: Rs -36.11 lakh
  • Employee benefits expense: Rs 54.52 lakh
  • Finance costs: Rs 56.42 lakh
  • Depreciation and amortization: Rs 36.24 lakh
  • Other expenses: Rs 122.95 lakh

Capital Structure

  • Paid-up equity share capital: Rs 543.55 lakh (54,355,500 equity shares of Rs 10 each)
  • No change in share capital during the period

Financial Position as at September 30, 2026

Assets:

  • Total non-current assets: Rs 1,178.20 lakh
  • Property, plant and equipment: Rs 767.30 lakh
  • Capital work-in-progress: Rs 196.25 lakh
  • Intangible assets: Rs 0.16 lakh
  • Financial assets: Rs 0.97 lakh (investments) + Rs 182.77 lakh (other financial assets)
  • Other non-current assets: Rs 30.75 lakh
  • Total current assets: Rs 3,057.05 lakh
  • Inventories: Rs 2,256.70 lakh
  • Trade receivables: Rs 706.42 lakh
  • Cash and cash equivalents: Rs 7.03 lakh
  • Bank balance other than cash equivalents: Rs 1.88 lakh
  • Other current financial assets: Rs 40.09 lakh
  • Other current assets: Rs 43.50 lakh
  • Current tax assets (net): Rs 1.43 lakh
  • Total assets: Rs 4,235.25 lakh

Equity and Liabilities:

  • Total equity: Rs -25.56 lakh
  • Equity share capital: Rs 543.55 lakh
  • Other equity: Rs -569.21 lakh
  • Non-current liabilities: Rs 2,973.76 lakh
  • Borrowings: Rs 2,856.77 lakh
  • Other long-term liability: Rs 5.88 lakh
  • Provisions: Rs 97.06 lakh
  • Deferred tax liabilities (net): Rs 13.45 lakh
  • Current liabilities: Rs 1,287.75 lakh
  • Borrowings: Rs 777.27 lakh
  • Trade payables: Rs 276.86 lakh
  • Other current financial liabilities: Rs 796.94 lakh
  • Provisions: Rs 96.68 lakh
  • Current tax liabilities (net): Rs 0.00
  • Total equity and liabilities: Rs 4,235.25 lakh

Additional Information

The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The company operates in a single business segment, hence segment reporting under Ind AS 108 is not applicable.

The results are available on the company's website (www.polyconltd.com) and on the BSE website (www.bseindia.com). Previous period figures have been regrouped/recast wherever necessary to conform with the current period's presentation.