Olympic Oil Industries Ltd (507609)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Olympic Oil's revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr (a smaller loss than a year earlier).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.1 | loss narrowed | loss widened |
| Net profit | ₹-0.1 | loss narrowed | loss widened |
| EPS (₹) | -0.21 | loss narrowed | loss widened |
📢 Recent Corporate Announcements
Olympic Oil Industries reported a steep net loss of ₹28.40 Cr (₹2,839.77 Lacs) for the quarter ended June 30, 2026, compared to a net loss of ₹7.94 Lacs in Q1 FY26. The widened loss is primarily attributable to a ₹28.40 Cr write-off of outstanding advances and investments in Frost International Limited following NCLT resolution proceedings. The company reported zero revenue from operations for the quarter. Additionally, the Board approved the re-appointment of Nipun Verma as Whole-time Director for a 3-year term starting November 1, 2026.
- Net loss expanded to ₹2,839.77 Lacs (₹28.40 Cr) in Q1 FY27 vs ₹7.94 Lacs in Q1 FY26
- Zero revenue from operations recorded for the quarter ended June 30, 2026
- Other expenses spiked to ₹2,839.76 Lacs due to full write-off of Frost International Limited dues post-NCLT order dated June 5, 2026
- Quarterly EPS fell sharply to ₹(99.50) compared to ₹(0.28) in the year-ago period
- Re-appointment of Mr. Nipun Verma as Whole-time Director approved for 3 years (Nov 1, 2026 to Oct 31, 2029)
Olympic Oil Industries reported zero revenue from operations for the quarter ended June 30, 2026, remaining operationally dormant. Net loss widened sharply to ₹28.40 crore (₹2,839.77 lacs) compared to a loss of ₹0.08 crore (₹7.94 lacs) in Q1 FY26. The substantial loss was caused by writing off ₹28.40 crore in irrecoverable advances and investments in Frost International Limited following an NCLT resolution plan approval. Consequently, basic and diluted EPS declined to ₹-99.50 per share.
- Revenue from operations remained at ₹0.00 for Q1 FY27, unchanged from previous quarters.
- Net loss expanded to ₹28.40 Cr (₹2,839.77 lacs) against a loss of ₹7.94 lacs in Q1 FY26.
- Written off ₹28.40 Cr (₹2,839.76 lacs) advances and investments in Frost International Limited following NCLT order dated June 5, 2026.
- Reported Basic and Diluted EPS for the quarter dropped to ₹-99.50 per share vs ₹-0.28 in Q1 FY26.
- Board approved the re-appointment of Nipun Verma as Whole-time Director for 3 years starting November 1, 2026.
Olympic Oil Industries reported zero operational revenue and a net loss of ₹28.40 Cr (₹2,839.77 Lakhs) for the quarter ended June 30, 2026, compared to a net loss of ₹7.94 Lakhs in the year-ago period. The loss was primarily caused by writing off ₹28.3976 Cr in irrecoverable advances and investments in Frost International Limited following an NCLT resolution plan order dated June 5, 2026. Basic and diluted EPS for the quarter dropped to ₹(99.50). Additionally, the Board approved the re-appointment of Mr. Nipun Verma as Whole-time Director for 3 years starting November 1, 2026, subject to shareholder approval.
- Net loss expanded sharply to ₹2,839.77 Lakhs (₹28.40 Cr) in Q1 FY27 from ₹7.94 Lakhs in Q1 FY26
- Zero revenue from operations (₹0.00) recorded for the quarter ended June 30, 2026
- Written off ₹2,839.76 Lakhs in advances and investments related to Frost International Limited post-NCLT resolution order
- Quarterly diluted EPS dropped to ₹(99.50) compared to ₹(0.28) in Q1 FY26
- Re-appointed Nipun Verma as Whole-time Director for a 3-year term from November 1, 2026 to October 31, 2029
Olympic Oil Industries has scheduled a board meeting for August 14, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is currently a micro-cap with a market capitalization of only Rs 7 crore and reported zero revenue for the trailing twelve months. Financial health is a concern as the company has a negative net worth of Rs 23 crore and debt of Rs 107 crore. The trading window has been closed since June 23, 2026, in anticipation of these results.
- Board meeting scheduled for August 14, 2026, to approve June quarter results
- Trading window remains closed since June 23, 2026, until 48 hours post-announcement
- Company reported zero revenue (Rs 0.0 cr) in the most recent quarter ended March 2026
- Net worth stands at a negative Rs 23 crore against a debt of Rs 107 crore
Olympic Oil Industries has resubmitted its Statutory Auditor's Report for the financial year ended March 31, 2026, in response to a format discrepancy flagged by BSE. The company remains in severe financial distress, reporting zero revenue for FY26 and a negative net worth of ₹23 Cr. With a massive debt of ₹107 Cr against a market capitalization of only ₹7 Cr, the company is technically insolvent. This filing is a procedural compliance step and does not reflect any improvement in business operations.
- Resubmission of Statutory Auditor's Report for the financial year ended March 31, 2026
- Correction made following a discrepancy notice received via email from BSE Limited
- Compliance updated to meet SEBI Circular No. CIR/CFD/CMD1/80/2019 requirements
- Company reported ₹0 revenue and a net loss of ₹0.22 Cr for FY26
- Debt-to-Equity ratio stands at -4.66 due to a negative net worth of ₹23 Cr
Olympic Oil Industries Ltd has announced the relocation of its registered office from Bandra-Kurla Complex (BKC) to Powai, Mumbai, effective August 01, 2026. The decision was approved by the Board of Directors in a meeting on July 24, 2026. This is a routine administrative change for the company, which currently reports zero revenue and a negative net worth of Rs 23 Cr. Given the company's high debt of Rs 107 Cr and lack of operations, this move has no material impact on its financial standing.
- Relocation of registered office effective August 01, 2026
- Board meeting concluded within 30 minutes on July 24, 2026
- Company reports zero revenue (Rs 0 Cr) for the TTM period
- Financial distress highlighted by a negative net worth of Rs 23 Cr and debt of Rs 107 Cr
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