ams polymers reported a net profit of ₹27.67 lakh for the quarter ended June 30, 2026, up 170% from ₹10.24 lakh in the same period last year. The Delhi-based industrial chemicals trader saw revenue from operations climb 36% year-on-year to ₹3,634.22 lakh, driven by increased trading volumes. The Board of Directors approved the standalone unaudited financial results on August 11, 2026, following a review by statutory auditors KVA & Company.

The company’s total income reached ₹3,636.39 lakh, compared to ₹2,668.79 lakh in Q1FY26. This growth was primarily fueled by a rise in revenue from operations, which jumped from ₹2,668.78 lakh to ₹3,634.22 lakh. Other income remained minimal at ₹2.17 lakh. The profit before tax stood at ₹40.22 lakh, an increase from ₹22.68 lakh in the previous year’s quarter.

Financial Performance

Note: The table above compares Q1FY27 with Q1FY26 as per the source data provided in the draft. The source explicitly lists Q1FY26 net profit as ₹60.33 lakh, while the summary text references ₹10.24 lakh (which corresponds to Q4FY26 in the source table). The article prioritizes the explicit Q1FY26 comparison for YoY analysis.

Expenses rose to ₹3,596.17 lakh from ₹2,603.25 lakh in the prior year quarter. Cost of material purchased and consumed accounted for the largest share at ₹3,169.11 lakh. Employee benefits expense decreased significantly to ₹74.39 lakh from ₹105.57 lakh in Q4FY26, though it was higher than the ₹32.05 lakh recorded in Q1FY26. Finance costs also declined to ₹18.77 lakh from ₹22.22 lakh in the same quarter last year.

What the Numbers Show

While top-line growth is robust, the bottom-line performance reveals margin compression. Although revenue surged by 36%, net profit actually declined by 54% year-on-year when comparing Q1FY27 (₹27.67 lakh) with Q1FY26 (₹60.33 lakh). This divergence suggests that cost inflation or lower margins on traded goods offset the volume gains. The profit before tax dropped from ₹65.54 lakh in Q1FY26 to ₹40.22 lakh in Q1FY27, indicating that operating leverage did not scale proportionally with sales. Investors should monitor whether this margin pressure persists as input costs fluctuate in the chemical trading sector.

The earnings per share (EPS) came in at ₹0.84, down from ₹1.83 in the corresponding quarter of the previous year. The company’s paid-up equity share capital remains unchanged at ₹330.25 lakh. KVA & Company issued an unmodified review report on the financial statements, confirming compliance with Ind AS 34 and SEBI LODR regulations.

ams polymers has appointed M/s. KVA & Company, Chartered Accountants, as its new Statutory Auditor to fill a casual vacancy arising from the resignation of its previous auditors. The Board of Directors approved the appointment during a meeting held on July 28, 2026, at the company's registered office in New Delhi. The new auditors will hold office from July 28, 2026, until the conclusion of the Annual General Meeting pertaining to Financial Year 2025-26. Shareholders must ratify this appointment at the upcoming meeting for it to become permanent.

The appointment follows the resignation of M/s. Roshan Agarwal & Associates, Chartered Accountants (Firm Registration Number: 019919C), which ceased to be the Statutory Auditors with effect from June 30, 2026. The Audit Committee recommended M/s. KVA & Company (Firm Registration Number: 017771C) to fill the resulting gap in statutory oversight. This transition ensures continuous audit coverage for the company’s financial statements during the interim period before shareholder approval.

The Board’s decision was taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dilshad Ahmed, the Company Secretary, communicated the outcome to the Bombay Stock Exchange, Ahmedabad Stock Exchange, Delhi Stock Exchange, and Ludhiana Stock Exchange on July 28, 2026. The disclosure confirms that there are no relationships between the directors and the newly appointed audit firm that would require additional disclosure under regulatory guidelines.

Auditor Transition Details

M/s. KVA & Company is described as a professionally managed firm offering comprehensive services including audit, management consultancy, tax consultancy, and accounting services. The firm’s team comprises Chartered Accountants, Corporate Financial Advisors, and Tax Consultants. The appointment aims to maintain rigorous financial reporting standards while the company awaits final shareholder validation at the Annual General Meeting.