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Latest filing: 2026-08-10 12:47
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₹9.56 Cr Consolidated PAT in Q1 FY27; Associate IGPL Drives Performance
Mysore Petro Chemicals reported a significant jump in consolidated net profit to ₹9.56 cr for Q1 FY27, up from ₹1.40 cr in the same period last year. The performance was heavily driven by a ₹8.79 cr share of profit from its associate company, I G Petrochemicals Limited. Standalone revenue from chemical trading grew 57.6% YoY to ₹11.44 cr. However, the company continues to face a material contingent liability of ₹15.56 cr related to a closed plant, currently stayed by the High Court.
Confidence: HIGH
What changedThe company transitioned from a consolidated loss in the previous year's quarter to a substantial profit, primarily due to improved performance from its associate company.
Why it mattersFor a company with a market cap of only ₹65 cr, a quarterly profit of ₹9.56 cr is highly significant, though the core standalone business remains a low-margin trading operation.
Consolidated Net Profit (Q1): ₹9.56 crShare of Associate Profit: ₹8.79 crStandalone Revenue (Q1): ₹11.44 crContingent Liability: ₹15.56 crLiability vs Market Cap: ~24%
📅 Short termThe stock may see positive momentum due to the high quarterly EPS relative to the current share price, though the small market cap may lead to volatility.
📈 Long termThe long-term value is structurally tied to the stake in I G Petrochemicals and the eventual resolution of the Raichur plant legal liabilities.
⚠ Risk flags
- Significant contingent liability (₹15.56 cr) from a closed plant
- High dependence on associate company for profitability
- Low-margin core trading business
Key Highlights
Consolidated Net Profit surged to ₹9.56 cr in Q1 FY27 from ₹1.40 cr in Q1 FY26
Share of profit from associate (I G Petrochemicals) contributed ₹8.79 cr to the bottom line
Standalone revenue from operations increased 57.6% YoY to ₹11.44 cr
Contingent liability of ₹15.56 cr remains under litigation, representing ~24% of current market cap
Consolidated EPS for the quarter stood at ₹14.52 compared to a loss of ₹0.60 YoY
👀 What to Watch
Investors should monitor the performance of the associate company, I G Petrochemicals, as it is the primary driver of consolidated earnings, and track the High Court proceedings regarding the ₹15.56 cr labor dispute.
