Devine Impex Limited has reported a net profit of ₹3.93 crore for the quarter ended June 30, 2026 (Q1FY27), marking a significant turnaround from the net loss of ₹1.13 crore recorded in the corresponding period of FY26. This positive result signals an operational recovery for the Mohali-based company, which also saw its revenue from operations surge 117% year-on-year to ₹26.45 crore, up from ₹12.19 crore in Q1FY26. The profitability shift is particularly notable given the substantial loss of ₹8.89 crore reported in the preceding quarter (Q4FY26).

The Board of Directors approved the unaudited financial results on August 12, 2026, pursuant to Regulation 30 and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Deepak Jindal & Co. Chartered Accountants (FRN: 023023N). The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India.

Financial Performance Overview

Devine Impex Limited generated total income from operations of ₹28.81 crore in Q1FY27, compared to ₹12.19 crore in Q1FY26. This increase was primarily driven by higher revenue from operations, supplemented by other income of ₹2.36 crore. In contrast, the previous quarter (Q4FY26) saw total income of ₹75.09 crore, indicating seasonal variations or specific large-ticket transactions in the prior period.

Expenses stood at ₹23.71 crore in Q1FY27, up from ₹13.32 crore in Q1FY26 but significantly lower than the ₹87.28 crore incurred in Q4FY26. The cost structure was dominated by purchases of stock-in-trade (₹7.83 crore) and changes in inventories of stock-in-trade (₹12.25 crore). Employee benefits expense remained flat at ₹1.07 crore quarter-on-quarter and year-on-year. Finance costs were negligible at ₹0.00 crore.

What the Numbers Show

The most notable aspect of Devine Impex’s Q1FY27 performance is the volatility between quarters. While the company returned to profitability compared to the same period last year, it still trails the revenue scale of Q4FY26, where revenue was nearly three times higher. However, the expense management in Q1FY27 appears more aligned with current revenue levels than in Q4FY26, where expenses exceeded income by a wide margin, leading to a substantial loss. The positive earnings per share (EPS) of ₹0.04 in Q1FY27 contrasts with the negative EPS of ₹(0.09) in Q4FY26 and ₹(0.01) in Q1FY26, reflecting improved bottom-line efficiency despite moderate top-line growth relative to the peak quarter.

The statutory auditors, Deepak Jindal & Co., confirmed that the unaudited financial results have been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other generally accepted accounting principles. The company operates in a single segment, and no separate segment results were disclosed. Previous period figures have been regrouped where necessary to ensure comparability.

Devine Impex Limited reported a net profit of ₹3.10 lakh for the financial year ended March 31, 2026, a decrease from ₹3.29 lakh in the previous year. The company recorded a net loss of ₹8.89 lakh for the quarter ended March 31, 2026, compared to a loss of ₹0.41 lakh in the corresponding quarter of the previous year. Revenue from operations for the full year declined to ₹170.17 lakh from ₹199.69 lakh in FY25, while quarterly revenue fell to ₹75.09 lakh from ₹93.20 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 27, 2026. The results were reviewed and recommended by the Audit Committee prior to approval. The company disclosed that it has only one segment and hence no separate segment results have been provided. Previous period figures have been regrouped wherever necessary for comparability.

Total expenses for the year ended March 31, 2026, stood at ₹166.15 lakh, lower than ₹194.84 lakh in the previous year. For the quarter, total expenses increased to ₹87.28 lakh from ₹93.75 lakh in the same period last year. The company reported a tax expense of ₹0.92 lakh for the full year, compared to ₹1.56 lakh in FY25.

Financial Performance

Balance Sheet Highlights

The company's total assets as of March 31, 2026, were ₹1378.17 lakh, compared to ₹1375.04 lakh in the previous year. Equity share capital remained constant at ₹961.72 lakh. Total current assets increased to ₹1246.30 lakh from ₹1243.16 lakh, driven primarily by inventory which stood at ₹1093.67 lakh.

Cash Flow Statement

Net cash from operating activities for the year ended March 31, 2026, was negative at ₹1.07 lakh, compared to a positive inflow of ₹0.61 lakh in the previous year. Cash and cash equivalents decreased to ₹0.30 lakh as of March 31, 2026, from ₹1.37 lakh a year earlier. There were no cash flows from investing or financing activities during the year.