Kkalpana Plastick Limited Reports Profit of Rs 0.30 Lacs in Q1
Kkalpana Plastick Limited, a plastic compounds manufacturer, announced a turnaround in Q1 financial results with a net profit of Rs 0.30 lacs, compared to losses in the previous quarter and the same quarter last year. Total revenue was Rs 12.11 lacs, entirely from other income, with zero revenue from operations. Total expenses were Rs 11.81 lacs. The company's EPS stood at Rs 0.01. The board approved these unaudited results on August 8, which have been reviewed by statutory auditors.
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Kkalpana Plastick Limited , a manufacturer of plastic compounds, has announced its financial results for the first quarter. The company reported a turnaround in its performance, posting a net profit of Rs 0.30 lacs compared to losses in the previous quarter and the same quarter last year.
Financial Highlights
- Net Profit: Rs 0.30 lacs (Q1) vs. loss of Rs 0.22 lacs (Q4) and loss of Rs 1.39 lacs (Q1 previous year)
- Total Revenue: Rs 12.11 lacs, entirely from other income
- Total Expenses: Rs 11.81 lacs
- Earnings Per Share (EPS): Rs 0.01 (basic and diluted)
Key Financial Data
| Particulars (in Rs. Lacs) | Q1 | Q4 | Q1 (Previous Year) |
|---|---|---|---|
| Revenue from Operations | 0.00 | 0.00 | 0.00 |
| Other Income | 12.11 | 11.34 | 11.69 |
| Total Revenue | 12.11 | 11.34 | 11.69 |
| Employee Benefits Expense | 5.43 | 8.87 | 5.77 |
| Other Expenses | 6.38 | 2.67 | 7.12 |
| Total Expenses | 11.81 | 11.54 | 12.89 |
| Profit Before Tax | 0.30 | (0.20) | (1.39) |
| Net Profit/(Loss) | 0.30 | (0.22) | (1.39) |
Business Performance
Kkalpana Plastick Limited reported zero revenue from operations for the quarter. However, the company generated Rs 12.11 lacs in other income, which contributed to its profitability. The total expenses stood at Rs 11.81 lacs, primarily comprising employee benefits expense of Rs 5.43 lacs and other expenses of Rs 6.38 lacs.
Management Commentary
The company's board of directors approved the unaudited financial results for Q1 at a meeting held on August 8. The results have been reviewed by the statutory auditors, B. Mukherjee & Co., and will be published in newspapers and uploaded on the company's website as per regulatory requirements.
Corporate Information
Kkalpana Plastick Limited's paid-up equity share capital remains unchanged at Rs 552.85 lacs, with a face value of Rs 10 per share. The company operates primarily in the business of plastic compounds, constituting a single reporting segment in accordance with Indian Accounting Standard 108 "Operating Segment".
The financial results for Q1 have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, and other recognized accounting principles generally accepted in India.
Investors can view the detailed financial results on the company's website at www.kkalpanaplastick.com and on the websites of BSE Limited and The Calcutta Stock Exchange Limited.
As Kkalpana Plastick Limited continues to navigate the challenging business environment, the positive turn in its financial performance this quarter may provide some optimism for stakeholders. However, the absence of revenue from operations remains a point of concern that investors may want to monitor in the coming quarters.
Historical Stock Returns for Kkalpana Plastick
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.66% | +5.55% | +27.50% | +39.53% | +13.04% | +1,700.00% |
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