Jolly Plastic Industries Reports Mixed Q1 Results: Revenue Up, Profit Down
Jolly Plastic Industries Limited, a share and securities trading company, released its Q1 FY2025-26 results. Revenue from operations increased by 55.9% to Rs. 3.85 lakhs, but total income fell by 49.6% to Rs. 3.89 lakhs due to a sharp decline in other income. Profit before tax decreased to Rs. 0.56 lakhs from Rs. 3.57 lakhs year-on-year. The company managed to reduce total expenses by 19.6%. EPS for the quarter was Rs. 0.001, and the paid-up equity share capital remained at Rs. 667.64 lakhs.
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Jolly Plastic Industries Limited, a company primarily engaged in trading shares and securities, has released its financial results for the quarter ended June 30, revealing a mixed performance with revenue growth but a decline in profits.
Revenue Growth
The company reported a significant increase in revenue from operations, which rose by 55.9% year-on-year to Rs. 3.85 lakhs, compared to Rs. 2.47 lakhs in the same quarter of the previous year. This growth in core business revenue is a positive sign for the company's operational performance.
Decline in Other Income and Total Income
Despite the growth in revenue from operations, Jolly Plastic Industries experienced a sharp decline in other income, which dropped to Rs. 0.04 lakhs from Rs. 5.25 lakhs in the corresponding quarter last year. As a result, the total income for the quarter decreased by 49.6% to Rs. 3.89 lakhs, down from Rs. 7.72 lakhs in the previous year.
Profit and Expenses
The company's profit before tax (PBT) saw a significant decrease, falling to Rs. 0.56 lakhs from Rs. 3.57 lakhs year-on-year. This decline in profitability can be attributed to the substantial reduction in other income, which outweighed the growth in revenue from operations.
On a positive note, Jolly Plastic Industries managed to reduce its total expenses to Rs. 3.33 lakhs from Rs. 4.14 lakhs in the same quarter last year. This reduction in expenses helped to partially offset the impact of lower total income on the company's bottom line.
Financial Highlights
| Particulars (in Rs. Lakhs) | Q1 2025-26 | Q1 2024-25 | % Change |
|---|---|---|---|
| Revenue from Operations | 3.85 | 2.47 | +55.9% |
| Other Income | 0.04 | 5.25 | -99.2% |
| Total Income | 3.89 | 7.72 | -49.6% |
| Total Expenses | 3.33 | 4.14 | -19.6% |
| Profit Before Tax | 0.56 | 3.57 | -84.3% |
Other Key Points
- Earnings per share (EPS) for the quarter stood at Rs. 0.001.
- The company's paid-up equity share capital remained unchanged at Rs. 667.64 lakhs, with a face value of Re. 1 per share.
- The Board of Directors approved these results on August 11, following a review by the audit committee.
- Auditors GAMS & Associates LLP conducted a limited review of the financial results and found no material misstatements.
Management Commentary
While the company did not provide specific management commentary, the financial results indicate a focus on growing core operations while managing expenses. The significant increase in revenue from operations suggests potential improvements in the company's trading activities or market conditions in the shares and securities segment.
Investor Relations
Jolly Plastic Industries reported that no investor complaints were pending at the beginning of the quarter, and no complaints were received during the quarter ended June 30, indicating positive investor relations.
As the company continues to navigate the dynamic trading environment, stakeholders will be watching closely to see if Jolly Plastic Industries can maintain its revenue growth while improving other income streams to boost overall profitability in the coming quarters.
Historical Stock Returns for Jolly Plastic Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.99% | -14.22% | -33.55% | -36.87% | -40.02% | -40.02% |
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