Pacific Industries reported a consolidated net profit of ₹1.69 crore for Q1FY27, a 150% increase from ₹0.93 crore in the corresponding quarter of FY26. The Udaipur-based company’s revenue from operations rose 28.7% year-on-year to ₹63.92 crore, driven by higher operational activity across its single business segment. Standalone net profit also expanded significantly, jumping 151% to ₹1.53 crore from ₹0.61 crore in Q1FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 11, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by Ravi Sharma & Co., the statutory auditors, under Standard on Review Engagements (SRE) 2410. The Board meeting was held at the company’s registered office in Village Bedla, Udaipur.

Financial Performance Highlights

Consolidated total income reached ₹66.46 crore, compared to ₹51.03 crore in Q1FY26. Other income contributed ₹25.37 crore, up from ₹13.76 crore previously. Total expenses stood at ₹64.12 crore, an increase from ₹49.76 crore in the prior year quarter, primarily due to higher cost of materials consumed and other expenses.

Earnings per share (basic) for the consolidated entity rose to ₹2.45 from ₹1.34 in the previous year. Standalone EPS increased to ₹2.22 from ₹0.88. Paid-up equity share capital remained unchanged at ₹6.89 crore.

What the Numbers Show

The significant jump in net profit—more than doubling both on a standalone and consolidated basis—outpaced the 28.7% growth in revenue. This divergence suggests improved operational leverage or favorable one-off items within other income, which nearly doubled to ₹25.37 crore from ₹13.76 crore. However, other expenses also surged, rising from ₹86.30 crore to ₹156.97 crore on a consolidated basis, indicating potential volatility in non-core costs that warrants monitoring in subsequent quarters.

Key Disclosures

The company operates in a single business segment, with no additional reportable segments under Ind AS 108. Pacific Industries has three wholly-owned subsidiaries: Gist Minerals Technologies Limited, Gaze Fashiontrade Limited, and Taanj Quartz INC. The financial results of these subsidiaries, which contributed ₹76.08 lakh in revenue, were reviewed by other auditors.

A material disclosure notes that physical scrips held by the company have been misplaced and transferred to the Investor Education & Protection Fund (IEPF). Dividends accrued on these scrips have also been transferred to IEPF and will be accounted for only upon reclamation. Additionally, an appeal against an income tax demand arising from a February 2023 search and survey remains pending before the CIT (Appeals)/ITAT.

Pacific Industries reported a 62.7% decline in consolidated net profit to ₹198.93 crore for the financial year ended March 31, 2026, compared to ₹764.76 crore in the previous year. Revenue from operations fell 36.8% to ₹15,446.68 crore from ₹24,445.17 crore in FY25. The company’s total income for the year stood at ₹16,096.87 crore, down from ₹25,711.64 crore in the prior year.

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹36.79 crore, a significant decrease from ₹231.24 crore in the same quarter last year. Revenue from operations for the quarter was ₹3,853.26 crore, lower than the ₹5,960.72 crore recorded in the corresponding period of the previous year. Total expenses for the year decreased to ₹15,944.11 crore from ₹24,749.08 crore in FY25.

Board Approvals and Auditor Declaration

The Board of Directors approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. Kapil Agarwal, Executive Director & CFO, declared that the statutory auditors issued an independent audit report with an unmodified opinion on the standalone and consolidated financial results. Ravi Sharma & Co., Chartered Accountants, audited the standalone results, while the consolidated results included the financials of wholly owned subsidiaries Gaze Fashiontrade Limited, Gist Minerals Technologies Limited, and Taanj Quartz INC.

The Board also re-appointed M/s. Pachori Rupesh & Associates as the Internal Auditor for the financial year 2026-27. The firm has no relationship with the company's directors.

Financial Performance

The standalone financial results showed a net profit of ₹196.01 crore for FY26, down from ₹525.46 crore in the previous year. Standalone revenue from operations for the year was ₹15,446.68 crore, compared to ₹24,445.17 crore in FY25. The company’s earnings per share (EPS) on a consolidated basis for the year stood at ₹2.89, down from ₹11.10 in the previous year.

Disclosures and Notes

The company noted that some physical share scripts have been transferred to the Investor Education & Protection Fund (IEPF) due to misplacement, and dividends on these scripts have not been accrued. The Income Tax Department completed an assessment following a search and survey in February 2023, and the company has filed an appeal against the demand raised; the matter is pending before CIT (Appeals)/ITAT. Additionally, a MAT Credit entitlement of ₹90.46 lakh from earlier years was recognized and utilized against tax liability in the current year.