Flex Foods Reports Widened Net Loss of Rs 1,296 Lakhs in Q1
Flex Foods Limited announced unaudited Q1 FY2026 results, showing a 2.07% increase in revenue to Rs 4049.00 lakhs. However, total expenses surged by 22.45% to Rs 5766.00 lakhs, leading to a 136.50% increase in net loss to Rs 1296.00 lakhs. Loss per share widened to Rs 10.41 from Rs 4.40 in Q1 FY2025. Major expense components included materials consumed, other expenses, power & fuel, and employee benefits. The results were reviewed by the Audit Committee and approved by the Board of Directors.
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Flex Foods Limited , a leading player in the food processing industry, has announced its unaudited financial results for the first quarter. The company reported a significant increase in net loss, despite a marginal growth in revenue.
Financial Performance
The company's financial performance for Q1 shows:
| Particulars (Rs. in Lakhs) | Q1 FY2026 | Q1 FY2025 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 4049.00 | 3967.00 | 2.07% |
| Total Expenses | 5766.00 | 4709.00 | 22.45% |
| Net Loss | (1296.00) | (548.00) | 136.50% |
| Loss per Share (Rs.) | (10.41) | (4.40) | 136.59% |
Flex Foods reported a revenue from operations of Rs 4049.00 lakhs for the quarter, marking a modest increase of 2.07% compared to Rs 3967.00 lakhs in the same quarter of the previous year. However, the company's total expenses surged by 22.45% to Rs 5766.00 lakhs from Rs 4709.00 lakhs in Q1 FY2025.
Widening Losses
The significant rise in expenses led to a substantial increase in the company's net loss. Flex Foods reported a net loss of Rs 1296.00 lakhs for Q1 FY2026, more than doubling from the net loss of Rs 548.00 lakhs in the corresponding quarter of the previous year. This represents a 136.50% increase in net loss year-over-year.
Consequently, the loss per share also widened to Rs 10.41 compared to Rs 4.40 in Q1 FY2025, reflecting the impact of the increased losses on shareholder value.
Expense Breakdown
The major components contributing to the increased expenses include:
- Cost of materials consumed: Rs 1584.00 lakhs
- Other expenses: Rs 2233.00 lakhs
- Power & fuel: Rs 886.00 lakhs
- Employee benefit expenses: Rs 702.00 lakhs
Management Review
The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting. The company's statutory auditors have carried out a limited review of the financial results for the quarter, as per regulatory requirements.
Outlook
While Flex Foods managed to achieve a slight increase in revenue, the substantial rise in expenses and the resulting wider losses pose challenges for the company. Investors and stakeholders will be keenly watching the company's strategies to manage costs and improve profitability in the coming quarters.
As the company navigates through these challenging times, it will be crucial for Flex Foods to focus on operational efficiency and cost management to turn its performance around in the subsequent quarters.
Historical Stock Returns for Flex Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.94% | -2.38% | -20.90% | -1.75% | -43.37% | -25.95% |
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