Sreechem Resins Q1 Results: Net profit turns positive at ₹11.25 lakh

Sreechem Resins reported a return to profitability in its standalone unaudited financial results for the quarter ended June 30, 2026 (Q1FY27). The company posted a net profit of ₹11.25 lakh, a significant improvement from the net loss of ₹13.46 lakh recorded in the same period of FY25.

Total income from operations rose to ₹892.11 lakh in Q1FY27, up from ₹863.13 lakh in Q1FY25. This represents a year-on-year growth of approximately 3.4%. The full-year audited results for FY26 showed total income of ₹3,004.09 lakh against a net loss of ₹22.93 lakh.

Financial Performance

The Board of Directors approved the results in a meeting held on August 14, 2026. The statutory auditors issued a limited review report with an unmodified opinion on the standalone financial results for the quarter.

Metric	Q1FY27	Q1FY26	FY26 (Audited)
Total Income from Operations (₹ lakh)	892.11	863.13	3,004.09
Net Profit / (Loss) Before Tax (₹ lakh)	11.25	(13.46)	(30.33)
Net Profit / (Loss) After Tax (₹ lakh)	11.25	(13.46)	(22.93)
Basic EPS (₹)	0.27	(0.25)	(0.55)

What the Numbers Show

The shift to profitability was supported by stable revenue generation. With equity share capital remaining constant at ₹420 lakh, the earnings per share improved to ₹0.27 from a loss of ₹0.25 per share in the previous year. The absence of exceptional or extraordinary items indicates that the profit improvement stems from core operational performance rather than one-off gains.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-4.89%	-22.17%	-41.62%	-28.81%	-35.76%

Sreechem Resins Limited has reappointed Bimal Kumar Choraria, Chartered Accountant, as its Internal Auditor to conduct the internal audit for the financial year 2026-2027. The Board of Directors approved the re-appointment during its meeting held on May 29, 2026, which commenced at 4:00 PM and concluded at 4:45 PM. This decision ensures continuity in the company’s internal audit processes for the upcoming fiscal period.

The appointment was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. Vikram Kabra, Whole-time Director of Sreechem Resins Limited, signed the disclosure submitted to the stock exchange.

Appointment Details

The Board confirmed that Mr. Choraria is not related to any other director of the company. His remuneration will be decided by the Board of Directors.

Particulars	Details
Appointee	Bimal Kumar Choraria
Role	Internal Auditor
Term	Financial Year 2026-2027
Board Meeting Date	May 29, 2026

Delay in Disclosure

Sreechem Resins Limited issued an explanation regarding the delay in submitting the intimation to BSE Limited. Under SEBI Listing Regulations, such intimations must be filed within 24 hours of the board meeting. The company stated that the delay was unintentional and resulted from an administrative oversight. Management assured the exchange that there was no intentional default or attempt to withhold material information.

What the Numbers Show

The re-appointment of an existing internal auditor rather than hiring a new firm suggests a preference for continuity and institutional knowledge within Sreechem Resins Limited. By retaining Mr. Choraria, the company avoids the transition costs and learning curve associated with onboarding a new auditor, potentially leading to more efficient audit cycles for FY27.