Valley Magnesite Reports 109% Revenue Surge and Doubled Net Profit in Q1 FY2026

Valley Magnesite Company has reported a remarkable financial performance for the first quarter of fiscal year 2026, showcasing significant growth across key metrics.

Financial Highlights

• Total income surged by 109% to ₹112.98 crore, compared to ₹54.04 crore in Q1 FY2025.
• Net profit nearly doubled to ₹89.06 crore from ₹45.92 crore in the previous year.
• Profit before tax rose substantially to ₹101.05 crore from ₹43.28 crore.
• Earnings per share improved significantly to ₹8.57 from ₹4.37 in the previous year.

Quarterly Performance

The company demonstrated a strong turnaround from the previous quarter, moving from a loss of ₹40.75 crore in Q4 FY2025 to a profit of ₹89.06 crore in Q1 FY2026.

Revenue Sources and Expenses

Interestingly, the company's entire revenue came from other income sources, with no revenue from operations reported. Total expenses were effectively controlled at ₹11.93 crore.

Company Overview

Valley Magnesite Company operates in a single segment with a paid-up equity share capital of ₹105.00 crore. The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 11, 2025.

Upcoming Annual General Meeting

The company has announced its 37th Annual General Meeting (AGM) to be held on Monday, September 22, 2025, at 3:00 PM at the company's registered office in Kolkata. The Register of Members will be closed from September 15 to September 21, 2025 (both days inclusive) for the purpose of the AGM.

E-Voting Details

Shareholders will have the opportunity to participate in e-voting for resolutions set out in the AGM Notice. The e-voting period will commence on September 18, 2025 (10:00 AM) and end on September 21, 2025 (5:00 PM). Shri Anand Khandelia, a Practicing Company Secretary, has been appointed to scrutinize the e-voting process and poll in a fair and transparent manner.

Valley Magnesite's strong financial performance in Q1 FY2026 reflects a positive start to the fiscal year, with significant improvements in revenue and profitability.