PBM Polytex Limited , a prominent textile manufacturer, has reported a fire incident at its Petlad manufacturing unit, leading to a temporary halt in production activities. The company, in an official statement to the Bombay Stock Exchange (BSE), provided details of the incident and its potential impact on operations.

Fire Incident Details

The fire broke out on August 17, 2025, at approximately 10:40 AM, caused by an electrical fault. The incident resulted in damage to some of the main electrical cables that supply power to the production machinery, necessitating a complete stoppage of production activities at the unit.

Safety and Damage Assessment

PBM Polytex emphasized that no personnel were harmed during the incident. The company also reported that there was no damage to machinery, raw materials, finished goods, or the building structure. This suggests that the impact is primarily limited to the electrical infrastructure.

Swift Response and Safety Protocols

The company stated that the fire was swiftly contained, with all safety protocols being effectively followed. This prompt action likely contributed to minimizing the potential damage and ensuring the safety of personnel on site.

Production Restoration Timeline

While a detailed evaluation is still underway, initial estimates suggest that the restoration of production may take approximately 7 to 10 days. PBM Polytex has assured stakeholders that it is taking all necessary steps to expedite repairs and resume operations as quickly as possible.

Management Statement

Gopal Patodia, Managing Director of PBM Polytex Limited, signed the official intimation to the BSE, demonstrating the company's commitment to transparent communication with its stakeholders. The company has pledged to keep all stakeholders informed of any material developments regarding the incident and the restoration process.

Regulatory Compliance

The disclosure of this incident aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prompt disclosure of material events to the stock exchanges.

As the situation develops, investors and stakeholders will be keenly watching for updates on the restoration progress and any potential impact on the company's financial performance for the current quarter.

PBM Polytex Limited, a cotton yarn manufacturer, has reported a narrowed standalone net loss for the first quarter, despite an increase in revenue. The company's financial performance shows signs of improvement compared to the same period last year.

Financial Highlights

• Revenue Growth: PBM Polytex's revenue from operations increased to Rs 4,647.07 crore, up from Rs 4,123.41 crore in the corresponding quarter of the previous year, marking a 12.70% year-on-year growth.

• Reduced Losses: The company reported a standalone net loss of Rs 75.06 crore for the quarter, compared to a loss of Rs 102.78 crore in the same quarter last year, showing a 26.97% reduction in losses.

• Consolidated Performance: On a consolidated basis, PBM Polytex posted a net loss of Rs 147.03 crore, compared to Rs 107.63 crore in the previous year's quarter.

• Expenses: Total expenses on a standalone basis were Rs 4,874.55 crore against a total income of Rs 4,775.31 crore, indicating that expenses slightly outpaced income.

• Earnings Per Share: Basic earnings per share stood at negative Rs 1.15 on a standalone basis and negative Rs 2.14 on a consolidated basis.

Segment Performance

PBM Polytex operates in a single segment - manufacturing of cotton yarn - which is considered to be the company's only reportable business segment.

Associate Company Update

The company's associate, Eurotex Industries and Exports Limited, has closed its manufacturing operations at Kolhapur since March 2019. The management of Eurotex Industries has settled all dues of lender banks and is planning to undertake further development of its available land area in the near future.

Management Commentary

Gopal Patodia, Managing Director of PBM Polytex Limited, stated in the company's filing, "The Board of Directors has reviewed and approved the unaudited standalone and consolidated financial results for the quarter. Despite challenging market conditions, we have managed to increase our revenue and narrow our losses compared to the same period last year."

Outlook

While PBM Polytex continues to face challenges, the increase in revenue and reduction in losses suggest potential improvements in the company's operations. The management's focus on settling dues and exploring development opportunities for its associate company may contribute to the group's overall financial health in the coming quarters.

Investors and stakeholders will be watching closely to see if PBM Polytex can build on this quarter's improvements and return to profitability in the near future.