Parle Industries Reports Sharp 27% Revenue Drop and 98% Profit Decline in Q1
Parle Industries Limited experienced a significant downturn in Q1 financial performance. Consolidated total income dropped 27.3% to Rs. 884.85 lakhs, while net profit after tax fell 97.7% to Rs. 3.39 lakhs. Standalone results showed even steeper declines, with total income falling 79.5% and net profit decreasing 68.9%. EPS turned negative at -0.19, and total comprehensive income declined to -Rs. 45.07 lakhs. The company has published these results and made them available on their website for stakeholders.
14Aug 25
Parle Industries Reports Q1 Results; Company Secretary and Statutory Auditor Resign
Parle Industries Limited released Q1 financial results, showing a standalone revenue of Rs 20.00 lakhs and profit after tax of Rs 8.79 lakhs. The company operates in Infrastructure & Real Estate and Paper waste recycling segments. Key management changes include the resignation of the Company Secretary and Statutory Auditor. Parle is involved in a legal dispute with WISPL and MVPL over share purchase agreements, impacting potential subsidiary acquisitions. The auditor's review highlighted qualifications regarding this ongoing legal issue.
09Aug 25
Parle Industries to Hold Board Meeting for Q1 Results, Address Company Secretary Resignation
Parle Industries Limited has scheduled a board meeting for August 14, 2025, at their Mumbai office. The agenda includes approving Q1 financial results for the period ending June 30, 2025, and acknowledging the resignation of Ms. Deepika Tater as Company Secretary and Compliance Officer, effective July 23, 2025. The meeting, open to other business with the chair's permission, was announced in a BSE filing on August 9, 2025, signed by CEO Sheena Karkera.
11Jun 25
Parle Industries Terminates Share Purchase Agreements with Two Companies
Parle Industries has announced the termination of share purchase agreements with WellDone Integrated Services Pvt. Ltd. and Marvelous VickyFoods Pvt. Ltd., citing significant breaches by the counterparties. The company has not provided specific details about the nature of the breaches, their financial impact, or any potential legal actions. The implications of these terminations on Parle Industries and its stakeholders remain unclear due to the lack of detailed information.