Paras Petrofils reports net loss for FY26 as expenses rise
Paras Petrofils Limited reported a net loss of ₹35.37 lakh for FY26, reversing the previous year's profit of ₹7.82 lakh, as total expenses surged to ₹185.19 lakh. Revenue from operations remained nil for the year and quarter ended March 31, 2026, with total income solely from other income. The Board approved the audited results on May 30, 2026, and a newspaper advertisement was published on June 2, 2026.
*this image is generated using AI for illustrative purposes only.
Paras Petrofils Limited reported a net loss of ₹35.37 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹7.82 lakh recorded in the previous year. The company's financial results, audited by statutory auditor M/s R M R & Co., were approved by the Board of Directors on May 30, 2026. The absence of revenue from operations and a significant rise in expenses contributed to the downturn in profitability. The company published a newspaper advertisement regarding these audited financial results in the Financial Express on June 2, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.
The company recorded nil revenue from operations for both the quarter and the full year ended March 31, 2026. Total income for the year was derived entirely from other income, which rose marginally to ₹149.82 lakh from ₹140.08 lakh in the prior year. However, total expenses surged to ₹185.19 lakh in FY26, up from ₹130.82 lakh in FY25, driven primarily by other expenses which climbed to ₹183.27 lakh from ₹129.81 lakh.
For the quarter ended March 31, 2026, Paras Petrofils reported a net loss of ₹128.51 lakh, widening from the loss of ₹81.11 lakh in the corresponding quarter of the previous year. Total expenses for the quarter jumped to ₹165.86 lakh from ₹114.20 lakh a year ago. Other income for the quarter stood at ₹37.35 lakh, slightly higher than the ₹34.54 lakh reported in the same period last year.
The basic and diluted earnings per share (EPS) for the year ended March 31, 2026, stood at (₹0.01) and ₹0.00 respectively, compared to ₹0.00 for both metrics in the previous year. The balance sheet size contracted slightly, with total assets decreasing to ₹2004.68 lakh as of March 31, 2026, from ₹2039.22 lakh a year earlier. Equity share capital remained unchanged at ₹3342.21 lakh.
Financial Performance Summary
| Particulars | Year Ended 31/03/2026 (Audited) | Year Ended 31/03/2025 (Audited) |
|---|---|---|
| Total Income | 149.82 | 140.08 |
| Total Expenses | 185.19 | 130.82 |
| Profit/(Loss) before tax | (35.37) | 9.27 |
| Net Profit/(Loss) | (35.37) | 7.82 |
| Basic EPS | (0.01) | 0.00 |
The statutory auditors issued an unmodified opinion on the financial results. The Board noted that the Ind AS compliant corresponding figures for the period have not been subjected to review, though management exercised due diligence to ensure a true and fair view. The company stated it does not carry any business segments requiring separate reporting.
Historical Stock Returns for Paras Petrofils
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.54% | -5.71% | -11.61% | -1.98% | -23.85% | +32.00% |
What specific measures is management taking to resume revenue from operations and stop the burn on cash reserves?
With total expenses rising significantly despite zero operational revenue, what cost-cutting strategies are being implemented to stabilize the bottom line?
How sustainable is the current reliance on 'other income' to fund operations if the business downturn continues into FY27?
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