Polychem Limited , a diversified company operating in property development, specialty chemicals, and capacitor manufacturing, has announced its financial results for the first quarter of fiscal year 2026, showcasing significant growth across key metrics.

Consolidated Financial Highlights

• Net sales reached ₹1,293.68 crore, up from ₹1,030.87 crore in the previous quarter
• Total income stood at ₹1,357.24 crore, compared to ₹1,121.61 crore in Q4 FY2025
• Consolidated net profit surged to ₹118.38 crore, marking a 118% increase from ₹54.18 crore in the preceding quarter

Standalone Performance

• Standalone net sales amounted to ₹619.95 crore
• Total income on a standalone basis was ₹687.38 crore
• Net profit after tax reached ₹58.20 crore
• Earnings per share (EPS) stood at ₹14.40

Segment-wise Revenue

Polychem Limited operates through three business segments:

1. Property Development
2. Specialty Chemicals
3. Manufacturing and trading in Capacitors

The company's diverse portfolio has contributed to its robust performance in Q1 FY2026.

Board Approval and Auditor Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 6, 2025. The statutory auditors, M/s. Nayan Parikh & Co., have carried out a limited review of the results.

Management Commentary

P. T. Kilachand, Managing Director of Polychem Limited, stated, "We are pleased with our strong start to the fiscal year 2026. The significant growth in our consolidated net profit reflects the strength of our diversified business model and our ability to capitalize on market opportunities across our operating segments."

Looking Ahead

While the company has not provided specific guidance for the upcoming quarters, the impressive Q1 results set a positive tone for Polychem Limited's performance in FY2026. Investors and analysts will be keenly watching the company's ability to maintain this growth momentum in the face of evolving market conditions.

Polychem Limited's shares are listed on the Bombay Stock Exchange.

Polychem Limited , a Mumbai-based company, has announced that its board of directors has approved the sale of property owned by its material subsidiary, Gujarat Poly Electronics Limited (GPEL). The transaction, valued at Rs 29.00 crore, involves the sale of leasehold rights to a 12,022.40 square meter plot and ownership rights of a factory building to Tirex Transmission Private Limited.

Property Details and Transaction

The property in question is located at Plot No. B-18, Gandhinagar Electronic Estate. GPEL, which reported a turnover of Rs 1,779.24 lakhs in the last financial year, has made arrangements to relocate its operations to ensure that the sale does not adversely affect its revenue.

Shareholder Approval and Regulatory Compliance

The proposed sale requires shareholder approval, as mandated by Regulation 24(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. To this end, Polychem Limited has scheduled an Extraordinary General Meeting (EGM) for September 1, 2025, to be held via video conference at 10:30 a.m.

Transaction Details

The buyer is not part of the promoter group, and the transaction will be conducted on an arm's length basis. It's worth noting that the sale is not part of any scheme of arrangement and complies with relevant SEBI regulations.

Completion Contingencies

The completion of the transaction is contingent upon obtaining shareholder consent and statutory approvals from the Gujarat Industrial Development Corporation (GIDC). GPEL will execute the agreement once it receives the provisional transfer order from GIDC.

Other Board Meeting Outcomes

In the same board meeting, Polychem Limited also addressed a fine levied by the Bombay Stock Exchange (BSE) for non-compliance with the Nomination and Remuneration Committee (NRC) composition requirements for the quarter ended March 2025. The company has filed a waiver application, asserting that it was in compliance with the NRC composition requirements during the period in question.

As Polychem Limited moves forward with this significant property sale through its subsidiary, shareholders and market watchers will be keenly observing the outcome of the upcoming EGM and the subsequent steps in this transaction.