Polo Queen Industrial and Fintech Limited reported a significant contraction in both revenue and profit for the quarter ended June 30, 2026, reflecting broader operational headwinds. The Mumbai-based company’s standalone net profit after tax dropped 60.8% year-on-year to ₹21.87 lakh, down from ₹56.04 lakh in Q1FY26. Total income from operations also declined 31.6% to ₹1,177.54 lakh, compared to ₹1,721.99 lakh in the same period last year.

The results were approved by the Board of Directors in a meeting held on August 10, 2026, and reviewed by the Audit Committee. The financial statements were prepared in accordance with Indian Accounting Standards (IndAS) and filed with stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditors of the company carried out a limited review of the unaudited results.

Financial Performance Overview

The decline in profitability was mirrored across both standalone and consolidated figures. Consolidated net profit after tax fell 39.8% to ₹43.14 lakh from ₹71.66 lakh in Q1FY25. Consolidated total income from operations decreased 30.4% to ₹1,206.78 lakh.

Earnings per share (EPS) on a standalone basis stood at ₹0.01 per share, down from ₹0.02 in the previous year. The diluted EPS remained unchanged at ₹0.01. Equity share capital remained stable at ₹6,715.00 lakh for both standalone and consolidated entities.

What the Numbers Show

The simultaneous decline in revenue and profit margins indicates that the cost savings or operational efficiencies were insufficient to offset the drop in top-line growth. With net profit before tax falling from ₹75.73 lakh to ₹30.30 lakh standalone, the effective tax rate appears to have increased proportionally, suggesting no significant tax benefits were utilized to cushion the blow. The contraction in consolidated income suggests that subsidiaries or associate companies also faced similar demand-side pressures during the quarter.

Polo Queen Industrial and Fintech Ltd has accepted the resignation of Ms. Gunjan Sanghavi from the position of Company Secretary and Compliance Officer, effective from the close of business hours on July 06, 2026. The resignation was submitted due to personal reasons and has been recorded by the Board of Directors.

The intimation was submitted pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to BSE Limited and Metropolitan Stock Exchange of India Limited, where the company is listed with scrip code 540717 and symbol PQIF respectively.

Resignation Details

The following table outlines the key particulars regarding the change in the company's compliance officer position:

Ms. Sanghavi confirmed in her resignation letter that there are no other reasons for her departure aside from personal reasons. She also requested that the necessary forms be filed with the Registrar of Companies to give effect to the resolution and that the ECSIN generated by her be revoked upon acceptance of the resignation.