Deccan Polypacks reports net loss of ₹35.81 lakh in FY26
Deccan Polypacks Limited swung to a net loss of ₹35.81 lakh in FY26 from a profit of ₹90.52 lakh in FY25, with zero revenue from operations. Expenses rose to ₹35.81 lakh, primarily due to higher other costs. The auditors issued an unmodified opinion but noted uncertainties regarding financial statement preparation and balance confirmations.
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Deccan Polypacks Limited reported a net loss of ₹35.81 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹90.52 lakh in the previous year, as operations remained discontinued. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, GMK Associates, issued an unmodified opinion on the results, noting that the financial statements were prepared on a realizable value basis and that there was an absence of balance confirmations.
For the year ended March 31, 2026, the company reported total revenue of nil, down from ₹111.97 lakh in the prior year, which was entirely derived from other income in the discontinued operations. Total expenses increased to ₹35.81 lakh from ₹21.44 lakh in FY25, driven primarily by other expenses which rose to ₹32.64 lakh from ₹21.43 lakh. Employee benefit expenses for the year stood at ₹3.17 lakh, compared to nil in the previous year.
The basic and diluted earnings per share (EPS) for FY26 stood at -1.69, a decline from 4.28 in the previous year. For the quarter ended March 31, 2026, the company reported a net loss of ₹2.06 lakh, with an EPS of -0.10. The paid-up equity share capital remained unchanged at ₹211.50 lakh.
Financial Performance
The following table summarizes the standalone audited financial results for Deccan Polypacks Limited for the year ended March 31, 2026:
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Income | ||
| Revenue from Operations | - | - |
| Other Income | - | 111.97 |
| Total Income | - | 111.97 |
| Expenses | ||
| Employee Benefit Expense | 3.17 | - |
| Finance Costs | 0.01 | 0.01 |
| Other Expenses | 32.64 | 21.43 |
| Total Expenses | 35.81 | 21.44 |
| Net Profit / (Loss) | (35.81) | 90.52 |
Balance Sheet Highlights
The company's balance sheet as of March 31, 2026, showed total assets of ₹4.88 lakh, a decrease from ₹14.41 lakh in the previous year. Cash and cash equivalents dropped significantly to ₹1.48 lakh from ₹11.00 lakh. Total equity stood at a negative ₹1,364.16 lakh, compared to a positive equity of ₹5.52 lakh in the prior year. Long-term borrowings surged to ₹1,367.87 lakh from ₹8.00 lakh, reflecting increased leverage during the year.
The auditors highlighted an emphasis of matter regarding the preparation of Ind AS financial statements on a realizable value basis and the absence of confirmation of balances. Despite these uncertainties, the auditors stated that the impact could not be determined and the opinion remained unmodified.
Historical Stock Returns for Deccan Polypacks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -5.00% | -7.87% | -8.37% | +99.38% | +689.73% |
What strategic plans does the Board have to address the negative equity of ₹1,364.16 lakh and the surge in long-term borrowings?
Given that operations remain discontinued, is the company actively pursuing new business lines or considering a complete wind-down?
How does the company intend to resolve the auditor's emphasis of matter regarding the absence of balance confirmations?
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