Asia Pack Ltd posts ₹13.49 lakh Q1FY27 profit on other income surge

2 min read     Updated on 15 Aug 2026, 11:19 AM
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Riya DScanX News Team
AI Summary

Asia Pack Limited reported a net profit of ₹13.49 lakh for Q1FY27, reversing a prior quarter loss. The gain was primarily due to other income rising to ₹24.74 lakh, while operational revenue stayed flat at ₹1.78 lakh. Expenses fell to ₹10.67 lakh, aided by lower employee costs.

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Asia Pack Limited reported a net profit of ₹13.49 lakh for the quarter ended June 30, 2026, reversing a net loss of ₹3.14 lakh recorded in the previous quarter. The company’s total income stood at ₹26.52 lakh, driven largely by a surge in other income rather than core operational sales.

The Board of Directors approved the unaudited financial results in a meeting held on August 13, 2026. The figures were reviewed by M/s. Rakesh Ajmera & Associates, Chartered Accountants, in accordance with Standard on Review Engagement (SRE) 2410.

Financial Performance

Revenue from operations remained relatively flat, logging ₹1.78 lakh compared to ₹1.73 lakh in the March 2026 quarter and ₹6.33 lakh in the same period last year. However, other income saw a substantial increase, rising to ₹24.74 lakh from ₹10.09 lakh in the prior quarter.

Total expenses decreased to ₹10.67 lakh from ₹13.29 lakh in the previous quarter. This reduction was led by lower employee benefit expenses, which fell to ₹6.00 lakh from ₹7.90 lakh. Other expenses also contracted to ₹3.83 lakh from ₹4.56 lakh. Depreciation and amortization remained steady at ₹84,000.

Metric Q1 FY27 (Unaudited) Q4 FY26 (Audited) Q1 FY26 (Unaudited)
Revenue from Operations ₹1.78 lakh ₹1.73 lakh ₹6.33 lakh
Other Income ₹24.74 lakh ₹10.09 lakh ₹40.76 lakh
Total Income ₹26.52 lakh ₹11.82 lakh ₹47.09 lakh
Total Expenses ₹10.67 lakh ₹13.29 lakh ₹11.57 lakh
Net Profit / (Loss) ₹13.49 lakh (₹3.14 lakh) ₹23.14 lakh

The company incurred current tax expenses of ₹2.36 lakh for the quarter. Deferred tax expense was nil, compared to ₹91,000 in the previous quarter.

What the Numbers Show

The profit for the quarter was predominantly non-operational. With revenue from operations contributing only ₹1.78 lakh against a total net profit of ₹13.49 lakh, core business activities generated minimal earnings relative to the bottom line. Other income accounted for approximately 93% of total income, indicating that the quarterly profitability was driven by external or non-recurring gains rather than trading activities.

Corporate Actions

Asia Pack Limited announced that its 41st Annual General Meeting (AGM) is scheduled for September 29, 2026. The paid-up equity share capital remains unchanged at ₹263.74 lakh. Earnings per share (basic and diluted) stood at ₹0.51 for the quarter, up from a loss of ₹0.12 per share in the preceding period.

Historical Stock Returns for Asia Pack

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+1.74%+10.02%-15.97%+111.54%

What specific components drove the 144% surge in other income, and are these gains likely to recur in subsequent quarters?

Given that core operational revenue has declined significantly year-over-year, what strategic initiatives is Asia Pack Limited undertaking to revitalize its primary business lines?

How will the upcoming AGM on September 29, 2026, address shareholder concerns regarding the reliance on non-operational income for profitability?

Asia Pack extinguishes Rs 23 Lakh guarantee for Miraj Entertainment

1 min read     Updated on 25 Jun 2026, 04:26 PM
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AI Summary

Asia Pack Limited extinguished a Rs 23 Lakh corporate guarantee for Miraj Entertainment Limited after the borrower repaid its credit facilities. The guarantee was provided to Saraswat Co-Operative Bank Limited. This move reduces Asia Pack's contingent liabilities with no adverse impact on its financial position.

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asia pack has extinguished a corporate guarantee of Rs 23 Lakh furnished to Miraj Entertainment Limited, reducing its contingent liabilities. The guarantee was provided to Saraswat Co-Operative Bank Limited to secure additional credit facilities availed by the borrower. The discharge follows the repayment and closure of the underlying credit facilities by Miraj Entertainment Limited.

The corporate guarantee was initially provided on March 9, 2023. Miraj Entertainment Limited is part of the promoter group of Asia Pack Limited, and the transaction was conducted at arm's length. The extinguishment of the guarantee has no adverse impact on the operations, financial position, or going concern status of the company.

Details of the transaction were disclosed in a filing submitted to BSE Limited on June 25, 2026. The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Corporate Guarantee Extinguishment

Particulars Details
Name of party Miraj Entertainment Limited
Amount of guarantee Rs 23 Lakh
Lender Saraswat Co-Operative Bank Limited
Status Fully discharged/extinguished
Reason Repayment and closure of credit facilities by borrower
Impact Contingent liability reduced; no adverse impact on operations

Historical Stock Returns for Asia Pack

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+1.74%+10.02%-15.97%+111.54%

Will Asia Pack continue to provide corporate guarantees for other promoter group entities going forward?

How will the reduction in contingent liabilities affect Asia Pack's credit ratings and borrowing costs?

Does this extinguishment signal a broader strategy by the promoter group to deleverage and reduce inter-company dependencies?

More News on Asia Pack

1 Year Returns:-15.97%