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Pulsar International Ltd (512591)

📊 BSE: 512591 🏢 Trading & Distributors 📢 Latest filing: 31 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Pulsar International's revenue was ₹23.0 Cr (+206.6% year on year, -68.8% on the previous quarter), and net profit ₹-0.1 Cr (against a profit a year earlier); the operating margin was -0.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹23.0	+206.6%	-68.8%
Operating profit	₹-0.0	to loss	loss narrowed
Net profit	₹-0.1	to loss	loss narrowed
EPS (₹)	0.00	-100.0%	loss narrowed
Operating margin	-0.1%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Pulsar International Board to Meet on Sep 4, 2026 for AGM Notice & Auditor Appointment

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 31 Aug 2026, 01:31 PM

Pulsar International Ltd has scheduled a Board of Directors meeting for September 4, 2026. The board will consider the appointment of a Statutory Auditor, subject to shareholder approval. It will also review and approve the Annual Report and the notice for the upcoming Annual General Meeting for FY 2025–26.

Board meeting scheduled for September 04, 2026 via online mode
Agenda includes recommendation for appointment of Statutory Auditor
Approval of FY 2025–26 Annual Report and AGM Notice on the agenda

💡 Track the outcome filing post-September 4, 2026 for the auditor recommendation details and finalized AGM dates.

Pulsar International Statutory Auditor Shweta Jain & Co Resigns Citing Information Delays

🔴 NEGATIVE ⭐ 7/10

MANAGEMENT 📅 19 Aug 2026, 03:05 PM

Statutory auditor M/s Shweta Jain & Co LLP has resigned from Pulsar International Limited effective 17 August 2026. The auditor, who was appointed on 19 December 2025 to fill a casual vacancy, cited professional staff shortages and practical difficulties in receiving timely data and records from the company. Prior to resigning, the firm submitted the audit report for FY26 and the limited review report for Q1 FY27 (quarter ended 30 June 2026).

Auditor Shweta Jain & Co LLP resigned effective 17 August 2026
Firm was originally appointed on 19 December 2025 to fill a casual vacancy
Auditor cited internal staff shortage and practical difficulties in obtaining timely records and explanations from the company
Latest reports submitted prior to resignation include FY26 audit report and Q1 FY27 limited review report for the quarter ended 30 June 2026

💡 Monitor the appointment of a new statutory auditor and check if there are any subsequent audit qualifications or disclosures regarding internal financial controls in upcoming filings.

Pulsar International Q1 Revenue Up 206% YoY to Rs 22.99 Cr; Reports Net Loss of Rs 0.07 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 03:35 PM

Pulsar International reported a sharp YoY revenue growth of 206% to Rs 22.99 Cr for Q1 FY27, up from Rs 7.50 Cr in the same period last year. Despite the revenue jump, the company swung to a net loss of Rs 0.07 Cr from a profit of Rs 0.40 Cr YoY. Sequentially, revenue saw a significant decline of 68.8% from Rs 73.68 Cr in the March 2026 quarter. Profitability remains under pressure with total expenses of Rs 23.20 Cr slightly exceeding total income.

Revenue from operations grew 206.5% YoY to Rs 22.99 Cr from Rs 7.50 Cr.
Net loss of Rs 0.07 Cr reported against a net profit of Rs 0.40 Cr in the previous year's June quarter.
Sequential revenue declined by 68.8% compared to the Rs 73.68 Cr reported in Q4 FY26.
Inventory changes of Rs 11.16 Cr and purchases of Rs 11.72 Cr were the primary cost drivers.
Promoter holding remains critically low at 2.53% as per recent trends.

💡 Investors should monitor the company's operating margins and the high volatility in its quarterly revenue, which is typical for trading businesses. The sharp sequential drop in revenue and the swing to a YoY loss warrant caution regarding earnings stability.

Pulsar International Reports Q1 FY27 Revenue of ₹22.99 Cr, Swings to Net Loss of ₹7.29 Lacs

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 03:28 PM

Pulsar International reported a significant year-on-year revenue increase to ₹22.99 Cr for the quarter ended June 30, 2026, up from ₹7.50 Cr in the previous year. However, the company swung to a net loss of ₹7.29 Lacs compared to a profit of ₹40.40 Lacs in the same quarter last year. Sequentially, revenue saw a sharp decline of 68.8% from the ₹73.68 Cr reported in the March 2026 quarter. The company continues to operate with extremely thin margins and a very low promoter holding of 2.53%.

Revenue from operations grew 206.5% YoY to ₹22.99 Cr from ₹7.50 Cr in June 2025.
The company reported a net loss of ₹7.29 Lacs for Q1 FY27, down from a profit of ₹40.40 Lacs YoY.
Total expenses for the quarter reached ₹23.20 Cr, largely driven by stock-in-trade purchases and inventory adjustments.
Sequential revenue dropped by ₹50.69 Cr (68.8%) compared to the March 2026 quarter.
Promoter holding remains critically low at 2.53% as of the latest filings.

💡 Investors should monitor the company's ability to stabilize its quarterly revenue and manage its cost structure to return to profitability, while being mindful of the high volatility and low promoter stake.

Pulsar International Reschedules Board Meeting to 14th August 2026 for Q1 Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 08 Aug 2026, 06:55 PM

Pulsar International has postponed its board meeting, originally scheduled for August 10, 2026, to August 14, 2026. The primary agenda is to review and approve the unaudited financial results for the quarter ended June 30, 2026. This comes at a time when the company is struggling with profitability, having reported a net loss of Rs 3.77 Cr in the March 2026 quarter despite a TTM revenue of Rs 129 Cr. Investors should note the extremely low promoter holding of 2.53% and the significant 85% share price decline over the past year.

Board meeting rescheduled from 10th August 2026 to 14th August 2026
Agenda includes approval of unaudited financial results for the quarter ended 30th June 2026
Trading window to remain closed until 48 hours after the results are published
Company reported a net loss of Rs 3.77 Cr in the most recent quarter (March 2026)
Promoter holding remains low at 2.53% as of June 2026

💡 Monitor the upcoming financial results on August 14, 2026, to assess if the company can stabilize its margins, which stood at a thin 0.2% OPM for the trailing twelve months.

Pulsar International schedules Board Meeting on Aug 10, 2026, to approve Q1 results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 31 Jul 2026, 12:57 PM

Pulsar International Ltd has scheduled a board meeting for August 10, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is coming off a volatile FY26 where revenue surged to ₹129 cr from ₹31 cr in FY25, yet net profit remained at zero. With a critically low promoter holding of 2.53% and a significant 12-month price decline of 86.9%, these results are crucial to assess if the company can reverse its recent March 2026 quarter loss of ₹3.77 cr.

Board meeting scheduled for August 10, 2026, to approve Q1 FY27 results.
Trading window for designated persons has been closed since April 01, 2026.
Company reported a significant net loss of ₹3.77 cr in the preceding quarter (March 2026).
Promoter holding remains low at 2.53% as of June 2026, down from 8.18% in December 2025.

💡 Monitor the results on August 10 to see if the company can improve its Operating Profit Margin (OPM), which stood at a thin 0.2% for the trailing twelve months.

Resignation of Independent Director Mr. Devendrasinh Umath Effective July 30, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 29 Jul 2026, 05:04 PM

Mr. Devendrasinh Umath has resigned from his position as an Independent Director at Pulsar International Ltd, citing personal health issues. The resignation is effective from the close of business on July 30, 2026. The company, which operates in the trading sector, reported a TTM revenue of Rs 129 Cr but zero net profit. Notably, the promoter holding is very low at 2.53%, and the stock has seen a significant price decline of 87.7% over the last 12 months.

Resignation of Independent Director Mr. Devendrasinh Umath effective from July 30, 2026
Director's shareholding in the company is NIL
Company reported TTM revenue of Rs 129 Cr with 0.2% operating margins
Promoter holding remains low at 2.53% as of June 2026

💡 Monitor the company's upcoming filings for the appointment of a new Independent Director to ensure the board remains compliant with SEBI composition regulations.

Pulsar International Approves Shifting of Registered Office within Ahmedabad

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Jul 2026, 03:17 PM

Pulsar International Ltd has announced a change in its registered office address following a board meeting held on July 18, 2026. The office is shifting to 216, Vibrant Mega Industrial Park, Daskroi, Ahmedabad, Gujarat. This move is classified as a shift within the same city, town, or village limits. The board meeting was brief, lasting 40 minutes from 14:30 to 15:10.

Board meeting held on July 18, 2026, to approve the address change
Meeting duration was 40 minutes, starting at 14:30 and ending at 15:10
New registered office located at 216, Vibrant Mega Industrial Park, Ahmedabad - 382330
The shift is within the same city/town/village limits as per Regulation 30

💡 This is a routine administrative update. Investors should note the new address for any future physical correspondence but no further action is required.

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