Southern Magnesium and Chemicals Reports Q2 Loss, Reappoints Key Executives
Southern Magnesium & Chemicals Limited (SMCL) reported a net loss of ₹9.86 lakhs for Q2, down from a profit of ₹177.80 lakhs in the same quarter last year. Revenue from operations decreased to ₹21.70 lakhs from ₹81.12 lakhs. The company reappointed Mr. N Ravi Prasad as Managing Director and CEO, and Mr. N Rajender Prasad as Joint Managing Director and CFO, both for three-year terms. SMCL's 39th AGM is scheduled for September 29, to be held virtually.
Southern Magnesium & Chemicals Limited reported a net loss of Rs 9.86 lakhs for Q1 FY2025-26, compared to a profit of Rs 177.80 lakhs in the same quarter last year. Revenue from operations decreased by 73.25% to Rs 21.70 lakhs. The company reappointed Mr. N Ravi Prasad as Managing Director and CEO, and Mr. N Rajender Prasad as Joint Managing Director and CFO, both for three-year terms. The 39th Annual General Meeting is scheduled for September 29, 2025, via video conferencing.