Uniroyal Marine Exports Reports Revenue Decline and Profit Dip in Q1 FY2026
Uniroyal Marine Exports Limited announced unaudited Q1 FY2026 results, showing a substantial decrease in profit. Revenue from operations fell to ₹455.02 crores from ₹621.71 crores in the previous quarter. Net profit declined to ₹2.48 crores from ₹105.97 crores. The company's EPS stood at ₹0.00. Shareholders approved the sale of 180 cents of land with a building, with a condition for the buyer to lease back the building. The auditor noted that the company's status as a going concern depends on the outcome of this land sale bid.
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Uniroyal Marine Exports Limited, a leading marine products exporter, has announced its unaudited financial results for the first quarter ended June 30, 2025. The company faced challenges during the quarter, reporting a significant decline in both revenue and profit compared to the previous quarter.
Financial Performance
The company's revenue from operations for Q1 FY2026 stood at ₹455.02 crores, marking a substantial decrease from ₹621.71 crores in the previous quarter. However, when compared to the same quarter last year (₹314.32 crores), the company showed a year-on-year growth in revenue.
Uniroyal Marine Exports reported a total revenue of ₹490.28 crores, including other income of ₹35.26 crores. The company's net profit for the quarter was ₹2.48 crores, significantly lower than the ₹105.97 crores reported in the previous quarter.
Key Financial Metrics
| Particulars (in ₹ crores) | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 |
|---|---|---|---|
| Revenue from Operations | 455.02 | 621.71 | 314.32 |
| Total Revenue | 490.28 | 626.66 | 404.81 |
| Net Profit | 2.48 | 105.97 | -66.39 |
| EPS (Basic & Diluted) | 0.00 | 0.18 | -1.02 |
The company's earnings per share (EPS) for the quarter stood at ₹0.00 on both basic and diluted basis, compared to ₹0.18 in the previous quarter and ₹-1.02 in the same quarter last year.
Operational Highlights
Uniroyal Marine Exports' operations primarily involve processing and exporting marine products. The financial results indicate a challenging quarter, with a significant drop in profitability despite maintaining revenue above the year-ago levels.
Strategic Developments
In a significant move, the company held an Extraordinary General Meeting on July 31, 2025, where shareholders approved the sale of 180 cents of land with a building through open bidding. The approval comes with a condition that the successful bidder must lease the building back to the company. This decision could have important implications for the company's future operations and financial position.
Auditor's Note
The company's auditor, BSJ & Associates, has highlighted that Uniroyal Marine Exports' status as a going concern depends on the outcome of the land sale bid. This underscores the importance of the upcoming land sale transaction for the company's future.
Looking Ahead
As Uniroyal Marine Exports navigates through a challenging period, the company's performance in the coming quarters will be closely watched by investors and stakeholders. The outcome of the land sale bid and its impact on the company's operations will be crucial factors in determining its future trajectory.
Investors and market observers will be keenly following the company's strategic moves and financial performance in the subsequent quarters, especially in light of the recent approval for the land sale and its potential impact on the company's operations and balance sheet.
Historical Stock Returns for Uniroyal Marine Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.72% | +4.14% | -3.23% | +21.61% | +24.83% | +30.00% |
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