IVP Ltd Reports Q1 Results and Announces Leadership Changes
IVP Ltd, a chemicals manufacturer, released its Q1 2025-26 financial results. Revenue remained stable at ₹13,819.00 lakhs, but net profit decreased to ₹119.00 lakhs from ₹343.00 lakhs in Q1 2024-25. EPS dropped to ₹1.15. The company announced leadership changes with Mr. T.K. Gowrishankar stepping down as Chairman, replaced by Mr. Rajkumar Lekhwani effective August 1, 2025. At the 96th AGM, shareholders approved the appointment of a new Secretarial Auditor and Mr. Lekhwani as Non-Executive Director. Mr. Mandar P. Joshi was reappointed as Whole-Time Director & CEO for three years.
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IVP Ltd , a prominent player in the chemicals manufacturing sector, has released its unaudited financial results for the quarter ended June 30, 2025, alongside significant leadership changes.
Financial Performance
The company reported a revenue from operations of ₹13,819.00 lakhs for the quarter, marginally lower than the ₹13,826.00 lakhs recorded in the same quarter last year. Net profit for the period stood at ₹119.00 lakhs, showing a substantial decrease from ₹343.00 lakhs in the corresponding quarter of the previous year.
| Financial Metric | Q1 2025-26 (₹ in lakhs) | Q1 2024-25 (₹ in lakhs) |
|---|---|---|
| Revenue from Operations | 13,819.00 | 13,826.00 |
| Net Profit | 119.00 | 343.00 |
| Earnings Per Share (₹) | 1.15 | 3.32 |
The company's earnings per share for the quarter was reported at ₹1.15, reflecting the reduced profitability.
Leadership Transition
In a significant development, IVP Ltd announced changes in its top leadership:
Chairman Transition: Mr. T.K. Gowrishankar will step down from his position as Director and Chairman effective August 1, 2025. The Board of Directors acknowledged Mr. Gowrishankar's guidance and leadership during his tenure.
New Chairman Appointment: Mr. Rajkumar Lekhwani has been appointed as the new Chairman of the Board, effective from August 1, 2025. Mr. Lekhwani, a qualified Chartered Accountant, brings over 24 years of extensive experience in Finance and Business Leadership across various sectors including FMCG, Pharmaceuticals, FMEG, and Capital Goods.
Additional Corporate Actions
The company's 96th Annual General Meeting (AGM) held on July 31, 2025, saw several key decisions:
Secretarial Auditor Appointment: Shareholders approved the appointment of Mr. A. A. Mulla, Proprietor of M/s. A. A. Mulla & Associates, as the Secretarial Auditor for a term of five consecutive years.
Director Appointment: The appointment of Mr. Rajkumar Lekhwani as a Non-Executive Director of the company, liable to retire by rotation, was approved by the shareholders.
Executive Reappointment: Mr. Mandar P. Joshi was reappointed as Whole-Time Director & Chief Executive Officer for a further period of 3 years, effective from August 1, 2025.
These corporate actions reflect IVP Ltd's commitment to maintaining strong governance practices and strategic leadership as it navigates the challenges in the chemicals manufacturing sector.
Historical Stock Returns for IVP
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.29% | -2.37% | -3.82% | +4.60% | -22.11% | +288.65% |
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