Choksi Asia Q1 Results: Net profit drops 10% YoY to ₹96 lakh
Choksi Asia Ltd reported Q1FY26 standalone results with net profit at ₹96.17 lakh, down 10.5% YoY. Revenue fell 22.5% to ₹922.10 lakh, while total expenses dropped 25.3%. Statutory auditors Karia & Shah provided an unmodified limited review report.
*this image is generated using AI for illustrative purposes only.
Choksi Asia Limited reported a net profit after tax (PAT) of ₹96.17 lakh for the quarter ended June 30, 2026, down 10.5% from the ₹107.43 lakh recorded in the same period of FY25. The decline was driven by a 22.5% year-on-year contraction in revenue from operations, which stood at ₹922.10 lakh compared to ₹1,189.75 lakh in Q1FY25. Basic and diluted earnings per share (EPS) fell to ₹1.69 from ₹1.88 in the previous year’s corresponding quarter.
The Board of Directors approved the standalone unaudited financial results on August 11, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Karia & Shah Chartered Accountants, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors expressed an unmodified conclusion on the interim financial information.
Financial Performance Breakdown
Revenue from operations declined significantly, reflecting lower operational activity in the Non-Destructive Testing sector. While cost of materials consumed decreased to ₹222.71 lakh from ₹194.56 lakh in the prior year quarter, purchases of stock-in-trade dropped sharply to ₹196.21 lakh from ₹995.03 lakh. This reduction in inventory purchases contributed to a positive change in inventories of ₹311.18 lakh, compared to a negative change of ₹206.69 lakh in Q1FY25.
| Particulars | Q1FY26 (₹ in Lacs) | Q1FY25 (₹ in Lacs) | Change (%) |
|---|---|---|---|
| Revenue from operations | 922.10 | 1,189.75 | -22.5% |
| Other Income | 28.78 | 29.04 | -0.9% |
| Total Income | 950.88 | 1,218.79 | -21.9% |
| Total Expenses | 796.80 | 1,067.19 | -25.3% |
| Profit Before Tax | 154.08 | 151.60 | 1.6% |
| Net Profit After Tax | 96.17 | 107.43 | -10.5% |
Despite the revenue decline, total expenses fell by 25.3% to ₹796.80 lakh from ₹1,067.19 lakh. Finance costs reduced to ₹3.55 lakh from ₹10.05 lakh, and depreciation expenses increased slightly to ₹9.00 lakh from ₹6.33 lakh. Other income remained relatively stable at ₹28.78 lakh.
What the Numbers Show
The divergence between profit before tax (PBT) and net profit highlights the impact of tax adjustments on bottom-line results. While PBT increased marginally by 1.6% to ₹154.08 lakh, net profit declined due to higher current tax expenses of ₹41.66 lakh compared to ₹43.94 lakh in the prior year, partially offset by MAT credit entitlement utilization of ₹16.13 lakh. The company continues to monitor the implementation of the four Labour Codes notified by the Government of India in November 2025, stating that initial assessments have been incorporated into the current quarter's results.
Historical Stock Returns for Choksi Asia
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.36% | +1.08% | +46.21% | +105.82% | +150.69% | +730.71% |
How is Choksi Asia planning to address the 22.5% revenue contraction in the Non-Destructive Testing sector, and are there new market segments being targeted for growth?
What specific operational strategies will the company employ to sustain the 25.3% reduction in total expenses without compromising service quality or future capacity?
Given the sharp drop in stock-in-trade purchases, does this indicate a strategic inventory optimization or a response to weakening downstream demand in key industries?
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