Valley Magnesite Company Ltd reported a net profit of ₹58.55 lakh for the quarter ended June 30, 2026, marking a significant operational turnaround from the net loss of ₹88.68 lakh recorded in the preceding quarter ended March 31, 2026. The profit surge was driven entirely by other income, which stood at ₹90.29 lakh, compared to a negative other income of ₹87.48 lakh in the prior period. Revenue from operations remained at zero for both quarters, indicating that the company’s current profitability is not derived from core business sales but from non-operating sources.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were subjected to a limited review by the statutory auditors, A. K. Meharia & Associates, Chartered Accountants, in accordance with Standard on Review Engagement (SRE) 2410. The auditors issued an unmodified conclusion, stating that nothing came to their attention to suggest the statement contained material misstatements or failed to disclose information required under Regulation 52 of the SEBI LODR Regulations.

Financial Performance Overview

The company’s total income for the quarter was ₹90.29 lakh, comprising solely of other income as revenue from operations was nil. Total expenses amounted to ₹11.62 lakh, including employee benefits of ₹4.22 lakh, depreciation and amortization of ₹0.03 lakh, and other expenses of ₹7.37 lakh. Profit before tax stood at ₹78.67 lakh. After accounting for a total tax expense benefit of ₹20.12 lakh—primarily due to deferred tax credits—the net profit for the period reached ₹58.55 lakh.

What the Numbers Show

The most critical observation from the filing is the complete absence of revenue from operations, which remained nil for the quarter, the previous quarter, and the entire fiscal year 2026. This indicates that Valley Magnesite Company Ltd is currently not generating income from its primary business activities. Consequently, the reported net profit is entirely dependent on other income, which fluctuated significantly between quarters—from a negative ₹87.48 lakh in Q4 FY26 to a positive ₹90.29 lakh in Q1 FY27. This volatility highlights that the company’s financial health is currently sustained by non-operating gains rather than sustainable core business performance.

Earnings per share (basic and diluted) rose to ₹5.58 per share in Q1 FY27, compared to a loss of ₹8.45 per share in the previous quarter. For the full fiscal year 2026, the company reported a net profit of ₹16.18 lakh on nil revenue, with total comprehensive income standing at ₹16.38 lakh. The paid-up equity share capital remains unchanged at ₹105.00 lakh.

Valley Magnesite Co. Ltd. has approved the voluntary delisting of its equity shares from the Calcutta Stock Exchange. The decision, taken by the Board of Directors on June 29, 2026, aims to optimize administrative compliance costs given the negligible trading volume on the regional exchange. The company will continue to remain listed on BSE Limited, ensuring that shareholders retain access to a nationwide trading platform.

The board meeting, which commenced at 10:30 AM and concluded at 11:00 AM, was held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delisting initiative follows the provisions of the SEBI (Delisting of Equity Shares) Regulations, as amended. Since the shares will continue to be traded on BSE, the company confirmed that no exit option or offer is required to be provided to public shareholders.

Key Meeting Details

The company will proceed to file the formal delisting application with the Calcutta Stock Exchange in due course. The notice regarding the outcome has been submitted to the Department of Corporate Affairs, BSE Ltd, and the Calcutta Stock Exchange Ltd to update the official records.