panyam cements & mineral industries reported a net profit of ₹1,751.14 lakh for the quarter ended March 31, 2026, marking a significant turnaround from the net loss of ₹3,167.82 lakh recorded in the same period last year. The positive bottom line was largely attributable to a one-time credit of ₹4,190.96 lakh arising from the modification of concessory unsecured loans from related parties, which included a waiver of interest and a reduction in the fair value of the loan. This development helped offset high operational costs and finance expenses, signaling a potential shift in the company’s financial trajectory as it stabilizes operations.

The Board of Directors approved the audited financial results at a meeting held on July 27, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and audited by the company’s Statutory Auditors. The financial statements were prepared in accordance with Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act, 2013. Management emphasized that the company has consistently honored loan obligations and discharged trade creditors without default, supporting its going concern status despite the annual loss.

Financial Performance Overview

Revenue from operations for the quarter stood at ₹4,021.47 lakh, up from ₹41.92 lakh in the corresponding quarter of FY25, reflecting the ramp-up of commercial operations that began on June 25, 2025. Total revenue, including other income, reached ₹8,458.08 lakh, compared to ₹923.46 lakh in Q4FY25. However, total expenses amounted to ₹6,706.94 lakh, driven by power and fuel costs of ₹2,441.56 lakh and finance costs of ₹1,076.27 lakh.

For the full fiscal year ended March 31, 2026, revenue from operations was ₹8,487.58 lakh, marginally higher than ₹8,352.21 lakh in FY25. Despite this, the company incurred a net loss of ₹3,823.59 lakh for the year, an improvement over the ₹8,918.91 lakh loss in FY25. Earnings per share (basic) were ₹21.83 for the quarter, compared to a loss of ₹39.49 per share in Q4FY25.

What the Numbers Show

The most critical aspect of Panyam Cements’ Q4FY26 performance is the divergence between operational metrics and the bottom line. While revenue from operations grew substantially due to the commencement of full commercial operations, the pre-tax profit of ₹1,751.14 lakh is heavily skewed by non-operational gains. The ₹4,190.96 lakh credit from loan modifications accounts for more than double the reported pre-tax profit, indicating that core operational profitability remains under pressure. High finance costs of ₹1,076.27 lakh in the quarter further highlight the burden of debt servicing. Investors should note that the unrecognised Deferred Tax Asset of ₹68.20 crore reflects management’s caution regarding future taxable income generation, underscoring the ongoing challenges in achieving sustainable operational profitability.

Panyam Cements and Mineral Industries Limited has accepted the resignation of Chiluka Seshi Kumar as its Company Secretary and Compliance Officer effective July 18, 2026. Kumar stepped down from the position of Key Managerial Personnel to pursue opportunities outside the organization. The resignation was tendered with effect from the closure of business hours on July 18, 2026.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the stock exchanges regarding the change in its Key Managerial Personnel as required under Para A of Part A of Schedule III of the regulations.

Details of the Resignation

The company provided specific details regarding the exit of the Company Secretary in an annexure to the regulatory filing. The following table outlines the key particulars of the disclosure:

The resignation was formally addressed to the Board of Directors of Panyam Cements and Mineral Industries Limited. In his resignation letter, Kumar requested the company to file the necessary forms with the Registrar of Companies (ROC) and intimate the Stock Exchange to give effect to the resignation.

The filing was signed by Jagathrakashakan Srinisha, Managing Director of the company. The communication was dispatched to BSE Limited on July 17, 2026, under the scrip code 500322.