Shri Jagdamba Polymers posted a significant improvement in profitability for the first quarter of FY27, with standalone net profit after tax rising 73% year-on-year to ₹1,895.3 lakh. The company’s revenue from operations expanded by 28.8% to ₹18,284.1 lakh, reflecting stronger top-line momentum compared to the same period last year.

Consolidated figures showed similar growth, with net profit after tax increasing 61.8% to ₹2,000.5 lakh. Total income from operations on a consolidated basis reached ₹19,457.9 lakh, up from ₹14,189.9 lakh in Q1FY26. The Board of Directors approved these unaudited financial results in its meeting held on August 14, 2026.

Financial Performance

The company’s earnings per share (EPS) on a standalone basis rose to ₹21.64 for the quarter, compared to ₹14.75 in the corresponding period of the previous year. Consolidated EPS increased to ₹22.84 from ₹14.12. There were no exceptional items impacting the current quarter’s results, indicating that the growth was driven by core operational performance.

What the Numbers Show

A key observation from the filing is the divergence between standalone and consolidated revenue growth. While standalone revenue grew by 28.8%, consolidated revenue expanded by a sharper 37.1%. This suggests that the company’s subsidiaries or associates contributed disproportionately to the top-line growth in this quarter, potentially indicating higher activity or better performance in consolidated entities relative to the parent company’s direct operations.

Corporate Actions and Governance

The financial results were reviewed by the Audit Committee on August 13, 2026, before being approved by the Board. The figures are prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The paid-up equity share capital remained unchanged at ₹87.58 lakh, with a face value of ₹1 per share.

Shri Jagdamba Polymers continues to maintain its position as a Star Export House, as indicated in its corporate communications. The full detailed financial statements are available on the company’s website and the stock exchange portals.

Shri Jagdamba Polymers Limited has approved significant changes to its Board composition and committee structure following a meeting on July 06, 2026. The company accepted the resignation of Mr. Vikas Shrikishan Agarwal from the post of Director and noted the cessation of Mr. Maheshkumar Gaurishanker Joshi as an Independent Director upon the completion of his two terms. Both changes are effective from the close of business hours on July 06, 2026. Simultaneously, the Board approved the appointment of two new Non-Executive Independent Directors, Mr. Aalay Mehta and Mr. Hardik Shah, for a term of five consecutive years effective July 07, 2026, subject to shareholder approval.

Mr. Ramakant Bhojnagarwala, Managing Director, was redesignated as the Chairman of the Company effective July 07, 2026. The appointments of Mr. Mehta and Mr. Shah were based on the recommendations of the Nomination & Remuneration Committee. Mr. Mehta brings over two decades of experience in the textile machinery sector, while Mr. Shah is a healthcare management professional with expertise in hospital administration and operations. The company confirmed that neither appointee is debarred from holding the position of a director by SEBI or any other authority and that they are not related to the existing directors.

In view of these changes, the Board has reconstituted its key committees with effect from July 07, 2026. The Audit Committee will be chaired by Shail Akhil Patel and includes Mr. Bhojnagarwala and Mr. Mehta. The Nomination and Remuneration Committee will also be chaired by Shail Akhil Patel, with members including Mr. Shah and Radhadevi Agrawal. The Stakeholder Relationship Committee will be chaired by Radhadevi Agrawal, while the Corporate Social Responsibility Committee will be chaired by Mr. Bhojnagarwala.

Board and Committee Composition

Director Changes