Patels Airtemp (India) Limited , a company specializing in heat transfer equipment, has reported a significant decline in both revenue and profitability for the first quarter of the fiscal year 2026. The company's financial results, approved by the Board of Directors on August 2, 2025, reveal the challenges faced during the period ending June 30, 2025.

Financial Highlights

Performance Overview

The unaudited standalone financial results paint a picture of a challenging quarter for Patels Airtemp. The company experienced a substantial decrease in its total income from operations, which fell by over 3,000 lakhs compared to the same period last year. This 27.25% decline in revenue signals a significant contraction in the company's business activities during the quarter.

The impact of reduced revenue is clearly reflected in the company's bottom line. Net profit saw a sharp decline of 44.64%, dropping from 506.09 lakhs to 280.19 lakhs. This decrease in profitability outpaced the revenue decline, suggesting that the company faced pressure on its margins during the quarter.

Profitability Metrics

The company's profit before tax (PBT) also witnessed a substantial decrease, falling from 679.18 lakhs to 409.64 lakhs, representing a 39.69% reduction. This decline in PBT indicates that the company's operational efficiency may have been affected during the quarter.

The earnings per share (EPS) metric, a key indicator of a company's profitability on a per-share basis, decreased from 9.25 to 5.12. This 44.65% reduction in EPS directly reflects the impact of lower profits on shareholder returns.

Corporate Governance

These financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors on August 2, 2025. The company's statutory auditors, M/s. Parikh & Majmudar, Chartered Accountants from Ahmedabad, conducted a limited review of the results.

Conclusion

The first quarter of FY2026 has presented significant challenges for Patels Airtemp, with notable declines across key financial metrics. As the company navigates through these headwinds, stakeholders will be keenly watching for any strategic initiatives or market developments that could potentially improve performance in the coming quarters.

Investors and analysts can access the detailed financial results through the company's website or the BSE India portal for a more comprehensive understanding of Patels Airtemp's financial position and performance.

Patels Airtemp (India) Limited , a leading industrial equipment manufacturer, has announced a dividend of Rs 3 per equity share for the financial year 2024-25, subject to shareholder approval. The company has also released its unaudited financial results for the first quarter.

Dividend Announcement

The Board of Directors of Patels Airtemp has recommended a dividend of Rs 3 per equity share, representing 30% of the face value of Rs 10 per share. The company has set September 19, 2025, as the record date for determining shareholder eligibility for the proposed dividend.

Key points of the dividend announcement include:

• Record Date: September 19, 2025
• Dividend Amount: Rs 3 per equity share (30% of face value)
• Shareholder Approval: Subject to approval at the 33rd Annual General Meeting (AGM)
• AGM Date: September 27, 2025
• Payment Timeline: Within 30 days from the AGM date, if approved

The dividend will be paid to shareholders whose names appear on the company's register as of the record date. For dematerialized shares, payment will be based on beneficial ownership details provided by depositories.

Financial Results

Patels Airtemp has released its unaudited standalone financial results for the quarter ended June 30. Here are the key highlights:

The company experienced a decline in revenue and profitability compared to the same quarter of the previous fiscal year. Total revenue from operations decreased by 27.25% year-over-year, while net profit saw a significant drop of 44.64%.

Annual General Meeting

Patels Airtemp has scheduled its 33rd Annual General Meeting for September 27, 2025, at 11:30 a.m. IST. The meeting will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in accordance with relevant circulars issued by regulatory authorities.

The company will send the Annual Report for FY2024-25, including the AGM Notice and Standalone Financial Statements, to all members whose email addresses are registered with the company or its registrar and transfer agent.

Patels Airtemp continues to navigate challenging market conditions while maintaining its commitment to shareholder returns. The proposed dividend, subject to approval, reflects the company's effort to balance rewarding shareholders and retaining capital for future growth initiatives.