FGP Ltd (500142)

FGP Ltd reported a total income of ₹91.28 Lakhs for Q1 FY27, a significant jump from ₹44.92 Lakhs in the year-ago period, primarily due to the new commodity trading segment. However, Net Profit declined by 10.8% YoY to ₹24.37 Lakhs from ₹27.32 Lakhs, as the new trading business operates on very thin margins. The commodity trading segment, initiated in October 2025, contributed ₹46.34 Lakhs to revenue but only ₹0.29 Lakhs to segment results. The company remains a micro-cap entity with a market capitalization of ₹14 Cr and a high dependence on 'Other Income' for profitability.

• Total Income increased 103% YoY to ₹91.28 Lakhs compared to ₹44.92 Lakhs in Q1 FY26.
• Commodity Trading segment contributed ₹46.34 Lakhs to revenue, accounting for 87.6% of operational revenue.
• Net Profit for the quarter stood at ₹24.37 Lakhs, down from ₹27.32 Lakhs in the same quarter last year.
• Other Income of ₹38.40 Lakhs contributed 42% of the total income for the quarter.
• Segment results for the new Commodity Trading business were negligible at ₹0.29 Lakhs.

FGP Ltd reported a sharp increase in revenue from operations to ₹52.88 Lakhs in Q1 FY27, up from ₹6.54 Lakhs in Q1 FY26, driven by its new commodity trading segment. Despite the revenue surge, net profit declined slightly to ₹24.37 Lakhs from ₹27.32 Lakhs YoY, primarily because the previous year's profit was supported by higher other income relative to expenses. The commodity trading business, started in October 2025, contributed 87.6% of operational revenue but operated on extremely thin margins. The company remains a micro-cap entity with a market capitalization of approximately ₹14 Cr and a high P/E ratio.

• Revenue from operations grew 708% YoY to ₹52.88 Lakhs from ₹6.54 Lakhs.
• Commodity trading segment contributed ₹46.34 Lakhs to revenue but only ₹0.29 Lakhs to segment results.
• Net profit for the quarter stood at ₹24.37 Lakhs, down 10.8% from ₹27.32 Lakhs in the year-ago period.
• Total expenses increased significantly to ₹61.56 Lakhs from ₹12.56 Lakhs YoY due to trading stock purchases.
• Other income of ₹38.40 Lakhs remains a critical driver of the company's total income of ₹91.28 Lakhs.

FGP Ltd has scheduled a board meeting on August 04, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing for the micro-cap NBFC, which has a market capitalization of just Rs 12 Cr. Investors will be looking for a recovery after the company reported a net loss of Rs 0.29 Cr in the previous quarter (March 2026). The trading window for insiders remains closed until August 06, 2026.

• Board meeting scheduled for August 04, 2026, to approve Q1 FY27 results
• Trading window closed from July 01, 2026, until August 06, 2026
• Company reported a net loss of Rs 0.29 Cr in the most recent quarter (Mar 2026)
• Promoter holding has seen a slight increase to 45.19% as of June 2026

FGP Ltd has issued a corrigendum to its FY 2025-26 Annual Report to rectify a clerical error on page 45. The error involved the inadvertent repetition of a director's name in the Certificate of Non-Debarment, which has now been corrected to include Mr. Rohin Feroze Bomanji. The company has also confirmed its 64th Annual General Meeting (AGM) for July 30, 2026, where it will seek approval for the appointment and re-appointment of independent directors.

• Corrected a printing error on page 45 of the Annual Report where Ms. Shweta Ratnakar Musale's name was repeated twice.
• 64th Annual General Meeting (AGM) scheduled for July 30, 2026, at 11:00 AM IST via video conferencing.
• Proposed appointment of Mr. Pradeep Shashikant Pathare as an Independent Director for a 5-year term ending May 11, 2031.
• Proposed re-appointment of Ms. Shweta Ratnakar Musale as an Independent Director for a second 5-year term starting November 12, 2026.
• The company is seeking adoption of Audited Financial Statements for the year ended March 31, 2026.