Gothi Plascon Q1 Results: Net profit rises 91% YoY to ₹68.38 lakh
Gothi Plascon reported a Q1FY26 net profit of ₹68.38 lakh, up 91% YoY, driven by a 45% rise in revenue to ₹132.65 lakh. The Board reappointed Sanjay Gothi as MD and appointed Pranay Gothi as an additional director, both terms starting August 1, 2026.
*this image is generated using AI for illustrative purposes only.
Gothi Plascon posted a net profit of ₹68.38 lakh for the quarter ended June 30, 2026, marking a sharp turnaround from the ₹8.00 lakh loss recorded in the preceding quarter and a 90.8% year-on-year rise from ₹35.83 lakh in Q1FY25. Revenue from operations climbed to ₹132.65 lakh, compared to ₹91.76 lakh in the corresponding period of the previous fiscal year. The Board of Directors approved the unaudited financial results on July 30, 2026, alongside key management changes including the reappointment of Sanjay Gothi as Managing Director and the appointment of his son, Pranay Gothi, as an additional whole-time director.
The company’s total income stood at ₹132.65 lakh, driven entirely by operational revenue as other income remained at zero. Total expenses were contained at ₹64.27 lakh, down from ₹66.65 lakh in Q4FY26. Employee benefits expense decreased to ₹19.48 lakh from ₹25.25 lakh in the prior quarter, while depreciation and amortization expenses remained stable at ₹11.82 lakh. Finance costs declined to ₹4.16 lakh from ₹4.23 lakh, contributing to the improved bottom line. The Board convened on July 30, 2026, to approve these results in compliance with Regulation 30 of the SEBI Listing Regulations.
Key Financial Metrics
| Particulars | Q1FY26 (₹ Lakh) | Q4FY26 (₹ Lakh) | Q1FY25 (₹ Lakh) | YoY Change |
|---|---|---|---|---|
| Revenue From Operations | 132.65 | 126.21 | 91.76 | +44.6% |
| Other Income | 0 | 1.53 | 0 | - |
| Total Income | 132.65 | 127.74 | 91.76 | +44.6% |
| Total Expenses | 64.27 | 66.65 | 55.93 | +14.9% |
| Profit Before Tax | 68.38 | 61.09 | 35.83 | +90.8% |
| Tax Expense | 0 | 69.09 | 0 | - |
| Net Profit | 68.38 | (8.00) | 35.83 | +90.8% |
| EPS (Basic) | 0.67 | (0.08) | 0.35 | +91.4% |
The tax expense for the current quarter was nil, contrasting with ₹69.09 lakh in the previous quarter which included prior period adjustments and deferred tax provisions. This absence of tax outflow directly boosted the net profit figure. Earnings per share (basic) rose to ₹0.67 from ₹0.35 in Q1FY25, reversing the loss of ₹0.08 per share seen in Q4FY26. The company’s paid-up equity share capital remains unchanged at ₹1,020 lakh.
Management Appointments
On the recommendation of the Nomination & Remuneration Committee, the Board appointed Sanjay Gothi as Managing Director for a term of three years effective August 1, 2026. This is a reappointment, as his current tenure expires on July 31, 2026. Sanjay Gothi, the founder of the company, has been associated with Gothi Plascon for 32 years. He is married to Priyadarshana Gothi, who serves as a Director on the Board.
Additionally, the Board appointed Pranay Gothi as an additional and whole-time director for a three-year term starting August 1, 2026. Pranay Gothi is a Mechanical Engineer graduate from the University of Illinois at Urbana-Champaign and holds professional membership with the American Society of Mechanical Engineers (ASME). Previously, he served as Director – Technical Sales for GEA Valve and Pump Division from January 2023 to June 2026. He is the son of Sanjay Gothi and Priyadarshana Gothi. Both appointments are subject to shareholder approval at the ensuing Annual General Meeting.
What the Numbers Show
The financial data reveals a strong operational recovery driven by revenue growth that significantly outpaced expense inflation. While revenue surged by nearly 45% year-on-year, total expenses increased by only 14.9%, indicating improved operating leverage. The elimination of tax expenses in the current quarter, compared to substantial provisions in the previous quarter, highlights the volatility in net profit figures; however, the underlying profit before tax has consistently grown, rising from ₹35.83 lakh in Q1FY25 to ₹68.38 lakh in Q1FY26. This suggests core operational efficiency is improving, independent of tax adjustments.
Corporate Governance and AGM Details
The Board also approved the notice for the 31st Annual General Meeting (AGM), scheduled for September 30, 2026, at 11:00 am (IST). The meeting will be held through Video Conferencing or other Audio-Visual Means. Shareholders are requested to update their email addresses with Depository Participants to receive the AGM notice and Annual Report electronically. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026. The cut-off date for determining voting eligibility is September 23, 2026. Achha Associates Chartered Accountants reviewed the interim financial results, issuing a limited review report on July 30, 2026.
Historical Stock Returns for Gothi Plascon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | -4.61% | -7.40% | -24.28% | +22.48% |
How will the integration of Pranay Gothi's technical sales expertise from GEA Valve and Pump Division influence Gothi Plascon's product development and market expansion strategies?
Given that net profit was significantly boosted by nil tax expense compared to prior period adjustments, what is the expected effective tax rate for the full fiscal year FY27?
Will the 45% year-on-year revenue growth be sustainable in Q2FY27, or was it driven by one-off seasonal factors or specific large orders?
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