Olympic Oil Industries Reports Q1 Loss and Key Management Change
Olympic Oil Industries Limited announced a net loss of Rs 7.94 lakh for Q1 ending June 30, 2025, with zero operational income. Total expenses were Rs 7.94 lakh, primarily from other expenses (Rs 7.14 lakh) and employee benefits (Rs 0.79 lakh). The company's EPS stood at -0.28. Ms. Mansi Bajpai, Company Secretary & Compliance Officer, has resigned effective September 1, 2025, citing personal reasons. The Board of Directors approved these unaudited results on August 14, 2025, which have undergone a limited review by statutory auditors.
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Olympic Oil Industries Limited has announced its unaudited financial results for the quarter ended June 30, 2025, revealing a net loss and a significant management change.
Financial Performance
The company reported a net loss of Rs 7.94 lakh for Q1, with the following key financial highlights:
| Particulars | Q1 (Rs in lakh) |
|---|---|
| Total Income | 0.00 |
| Total Expenses | 7.94 |
| Net Loss | 7.94 |
| Basic EPS (Rs) | (0.28) |
Olympic Oil Industries experienced zero operational income during the quarter. The total expenses of Rs 7.94 lakh primarily consisted of:
- Other expenses: Rs 7.14 lakh
- Employee benefit expenses: Rs 0.79 lakh
Management Change
In a significant development, Ms. Mansi Bajpai has resigned from her position as Company Secretary & Compliance Officer of Olympic Oil Industries Limited. Her resignation will be effective from September 1, 2025. Ms. Bajpai cited personal reasons for her decision to step down from the role.
Board Meeting and Audit Review
The company's Board of Directors met on August 14, 2025, to approve the unaudited financial results for the quarter ended June 30, 2025. These results have been subjected to a limited review by the statutory auditors, as per regulatory requirements.
Additional Notes
The company maintains a single business segment, and therefore, segment reporting under IND AS 108 is not applicable.
The effect of foreign exchange fluctuations (IND AS - 21) has not been recognized for the quarter ended June 30, 2025, and will be accounted for at the end of the financial year on March 31, 2026.
The paid-up equity share capital of the company stands at Rs 285.40 lakh, with a face value of Rs 10 per share.
Olympic Oil Industries Limited continues to face challenges with no operational income and ongoing losses. Investors and stakeholders will be watching closely to see how the company addresses these financial difficulties and manages the transition following the resignation of its Company Secretary and Compliance Officer.
Historical Stock Returns for Olympic Oil Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.86% | +8.44% | +25.27% | -0.23% | -19.53% | -40.02% |
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