Pet Plastics Limited reported a widening consolidated loss for the first quarter of FY27, reflecting substantial operational shifts despite a surge in top-line revenue. The company, formerly known as Pet Plastics Limited and now operating under the name Bharatam Ventures Limited, posted a consolidated loss of ₹601.66 million for the quarter ended June 30, 2026, compared to a loss of ₹34.45 million in the corresponding period of FY26.

Revenue from operations expanded dramatically to ₹2,685.44 million from ₹124.92 million year-on-year. This growth was primarily attributed to changes in inventories of finished goods and goods-in-process, which accounted for ₹2,377.68 million of the total revenue figure, alongside purchases of stock-in-trade rising to ₹13.85 million from ₹21.21 million in the prior year quarter.

Financial Performance

The company’s total income stood at ₹2,704.86 million, against total expenses of ₹3,306.52 million. Key expense drivers included:

• Finance costs: ₹352.89 million (compared to nil in Q1FY25)
• Depreciation and amortization: ₹345.52 million (up from ₹0.05 million)
• Employee benefit expenses: ₹136.58 million (up from ₹3.92 million)

On a standalone basis, the company reported a net profit of ₹7.76 million, reversing a loss of ₹33.17 million recorded in Q1FY25. Standalone revenue from operations was ₹145.49 million, compared to ₹124.92 million in the previous year.

What the Numbers Show

The divergence between standalone profitability and consolidated losses highlights the impact of associate companies or subsidiaries on the group’s overall performance. While the standalone entity generated a modest profit of ₹7.76 million with controlled expenses of ₹157.15 million, the consolidated structure absorbed significantly higher finance costs and depreciation charges. The absence of exceptional items in the current quarter contrasts with the prior fiscal year, where exceptional gains of ₹721.21 million had previously offset operating deficits.

Bharatam Ventures Limited has successfully completed the acquisition of a 99.9987% equity stake in Penganga Sakhar Karkhana Private Limited for ₹1,79,99,760, marking its entry into the sugar manufacturing and allied agro-processing industry. The transaction was executed in accordance with the terms of the Share Purchase Agreement, fulfilling all contractual obligations and customary closing conditions. Consequently, Penganga Sakhar Karkhana Private Limited has become a subsidiary of Bharatam Ventures Limited with effect from the date of completion.

The acquisition involves the purchase of 1,49,998 Equity Shares at a price of ₹120 per Equity Share. This strategic investment is intended to diversify Bharatam Ventures Limited's business portfolio and provide long-term business opportunities and operational synergies within the sugar sector. The company confirmed that the transaction was completed on an arm's length basis and does not constitute a related party transaction.

Acquisition Details

The disclosure regarding the completion was submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no further governmental or regulatory approvals are pending, other than standard post-closing statutory compliances.

Financial Overview of Target Entity

Penganga Sakhar Karkhana Private Limited continues its operations in India, focusing on sugar manufacturing and allied agro-processing activities. The turnover details for the target company over the past three financial years are as follows:

The company stated there has been no material modification in the terms and conditions of the transaction as previously disclosed in its intimation dated May 28, 2026.