The Board of Directors of Olympia Industries approved unaudited financial results for the quarter ended June 30, 2026, on August 07, 2026, reporting a net profit attributable to non-controlling interests of ₹62.08 lakh, up 55.5% year-on-year from ₹39.91 lakh in Q1FY26. Total revenue rose 32.5% to ₹9,917.41 lakh, reflecting strong performance in its primary business segment of trading goods and services. The company also recommended the appointment of Vishal Rajgarhia as a Non-Executive & Independent Director, effective from the upcoming Annual General Meeting.

Financial Performance

Revenue from operations for the quarter stood at ₹9,901.35 lakh, compared to ₹7,459.66 lakh in the corresponding period of the previous financial year. Other income contributed ₹16.06 lakh, bringing total revenue to ₹9,917.41 lakh. This represents a significant improvement from the ₹7,482.42 lakh reported in Q1FY26.

Total expenses increased marginally by 1.1% to ₹2,484.13 lakh from ₹2,456.93 lakh in Q1FY26. Key expense components included changes in inventories of stock-in-trade at ₹6,283.03 lakh and employee benefits expenses at ₹686.65 lakh. Finance costs were contained at ₹245.93 lakh, up from ₹226.71 lakh in the prior year quarter, while depreciation and amortisation expenses remained stable at ₹108.54 lakh.

What the Numbers Show

The divergence between revenue growth and expense control highlights improved operational efficiency. While revenue surged by over 32%, total expenses grew by just 1.1%, leading to a substantial expansion in profit before tax. The net profit attributable to non-controlling interests more than doubled compared to the previous year, indicating robust underlying profitability despite minor fluctuations in other income. Earnings per share (basic) rose to ₹1.03 from ₹0.66 in Q1FY26, reinforcing the positive trend in shareholder value creation.

Corporate Governance Updates

In addition to financial results, the Board convened the 37th Annual General Meeting (AGM) scheduled for September 09, 2026, via Video Conferencing or Other Audio Visual Means. The cut-off date for determining eligibility to vote electronically is set for September 02, 2026. E-voting will be available from September 06, 2026, to September 08, 2026.

Pursuant to Sections 149, 150, and 152 of the Companies Act and SEBI (LODR) Regulations, the Board recommended the appointment of Mr. Vishal Rajgarhia (DIN: 03179235) as a Non-Executive & Independent Director. His appointment is subject to shareholder approval at the AGM and will take effect from September 09, 2026.

The financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and reviewed by statutory auditors R. A. Kuvadia & Co. Chartered Accountants under Standard on Review Engagement (SRE) 2410. The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and unaudited year-to-date figures up to December 31, 2025.

Olympia Industries Limited reported a 39.2% increase in net profit to ₹180.34 lakh for the financial year ended March 31, 2026, compared to ₹129.55 lakh in the previous year. Revenue from operations for FY26 rose to ₹31,475.76 lakh from ₹28,247.06 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹41.82 lakh on revenue of ₹7,267.25 lakh.

The Board of Directors approved the audited standalone financial results for the quarter and financial year ended March 31, 2026, at a meeting held on May 28, 2026. R. A. Kuvadia and Co., Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the financial results. The board also appointed M/s. V. A. Shimpi & Associates as the internal auditor for FY27.

Financial Performance

The company reported an exceptional item of ₹16.91 lakh for the year ended March 31, 2026, related to a net increase in gratuity provision due to the implementation of new Labour Codes. Additionally, other expenses increased significantly due to a strategic initiative to reimburse discounts extended by B2B customers to end consumers, amounting to ₹6,439.52 lakh for the year.

Operational Highlights

Total assets as of March 31, 2026, stood at ₹14,788.35 lakh, up from ₹14,343.79 lakh in the previous year. The company's equity and liabilities increased to ₹14,788.35 lakh, driven by a rise in total equity to ₹5,501.58 lakh. Cash flow from operating activities improved to ₹2,071.21 lakh for FY26 compared to a negative ₹67.22 lakh in the previous year.