Shricon Industries Limited returned to profitability in the first quarter of FY27, reporting a net profit of ₹7.16 lakh compared to a net loss of ₹4.74 lakh in the corresponding quarter of the previous year. The Kota-based manufacturer’s income from operations surged to ₹83.41 lakh, a significant increase from ₹2.37 lakh recorded in Q1FY26. This turnaround marks a key operational improvement for the company, which operates in a single business segment.

The Board of Directors approved the unaudited standalone financial results on August 07, 2026, during a meeting held at the company’s registered office in Kota, Rajasthan. The results were reviewed by the Audit Committee and subsequently approved by the Board in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s Birla and Associates, the statutory auditors, issued a limited review report with an unmodified opinion on the financial statements.

Financial Performance Highlights

The company’s total income for the quarter reached ₹92.65 lakh, driven primarily by the sharp rise in operational revenue. Other income contributed ₹9.24 lakh, up from ₹2.80 lakh in Q1FY26. Total expenses were managed at ₹83.08 lakh, down from ₹89.68 lakh in the preceding quarter (Q4FY26), although they remained higher than the ₹9.92 lakh incurred in Q1FY26 due to the scale of operations.

Profit before tax stood at ₹9.57 lakh, compared to ₹31.70 lakh in Q4FY26 and a loss of ₹4.75 lakh in Q1FY26. Tax expenses for the quarter amounted to ₹2.41 lakh. Earnings per share (basic and diluted) were ₹0.58, a decline from ₹1.85 in the previous quarter but a reversal from the loss position in Q1FY26.

What the Numbers Show

The most notable aspect of Shricon Industries’ Q1FY27 performance is the operational turnaround. While revenue from operations dropped sequentially from ₹113.44 lakh in Q4FY26 to ₹83.41 lakh in Q1FY27, it represented a massive year-on-year expansion from just ₹2.37 lakh. This suggests that the company has stabilized its core business activities compared to the prior year, despite seasonal or cyclical variations in quarterly volume. The ability to generate a profit before tax of ₹9.57 lakh on this revenue base indicates improved cost management relative to the low-revenue period of Q1FY26.

The company disclosed no pending investor complaints as of June 30, 2026. The trading window for directors, promoters, and designated persons will open 48 hours after the declaration of these results, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The full format of the financial results is available on the BSE website and the company’s official portal.

Shricon Industries shareholders approved the appointment of M/s. Birla and Associates as statutory auditors for a five-year term during its 40th Annual General Meeting (AGM) held on August 4, 2026. The resolution, which secures the firm’s tenure until the conclusion of the 45th AGM in 2031, passed with a consolidated vote support of 99.97%. This long-term appointment provides continuity in financial oversight and aligns with regulatory requirements for auditor tenure limits.

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Clause 7 of Para A of Part A of Schedule III. The Board of Directors, based on the recommendation of the Audit Committee, placed the resolution before shareholders. Scrutinizer Amit Gupta, Advocate, submitted his consolidated report on August 5, 2026, confirming that all resolutions, including the auditor appointment, passed with the requisite majority under Section 108 of the Companies Act, 2013.

Auditor Appointment Details

M/s. Birla and Associates, Chartered Accountants (Firm Registration No. 019911C), led by CA Dipesh Birla, has been appointed to fill the casual vacancy for FY25-26 and serve until 2031. CA Dipesh Birla brings over six years of post-qualification experience in finance, statutory audits, system audits, concurrent audits, internal audits, and taxation. He previously served as Assistant Manager (MIS, Budgeting & Internal Control) at Fortis Group, Mumbai, for two years.

Voting Results Breakdown

Promoter group shareholders held 878,473 shares and cast 846,723 votes in favor across most resolutions, achieving 100% support. Public non-institutional shareholders held 361,518 shares and cast 75,703 votes, with 99.97% in favor. No public institutional shares were voted. A total of 21 shareholders voted via remote e-voting, representing 74.39% of the outstanding shares.

Governance and Compliance

Company Secretary Raghuv Dhul confirmed compliance with Ministry of Corporate Affairs General Circular No. 03/2025 and SEBI Listing Obligations and Disclosure Requirements. The Audit Committee, Stakeholders Relationship Committee, and Nomination & Remuneration Committee chairpersons were present. The Board’s report and financial statements for FY25 were taken as read. The e-voting period ran from August 1 to August 3, 2026, while venue voting occurred during the AGM chaired by Director Om Prakash Maheshwari.