Southern Magnesium & Chemicals Ltd (513498)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Southern Magnesium's revenue was ₹0.3 Cr (+43.4% year on year, -65.0% on the previous quarter), and net profit ₹-0.5 Cr (a bigger loss than a year earlier); the operating margin was -149.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.3 | +43.4% | -65.0% |
| Operating profit | ₹-0.5 | loss widened | loss widened |
| Net profit | ₹-0.5 | loss widened | to loss |
| EPS (₹) | -1.67 | loss widened | to loss |
| Operating margin | -149.0% | — | — |
📢 Recent Corporate Announcements
Southern Magnesium & Chemicals reported that at its 40th AGM held on September 30, 2026, shareholders did not approve the resolution redesignating Mr. Nuthakki Rajender Prasad from Joint Managing Director & CFO to Managing Director & CFO due to insufficient votes. Consequently, Mr. Prasad will continue in his existing role as Joint Managing Director and CFO on previous terms approved at the 39th AGM until August 09, 2028. The company has a small scale of operations, generating Rs 3 Cr in TTM revenue with a market capitalization of Rs 24 Cr.
- AGM held on September 30, 2026 did not approve redesignation of N. Rajender Prasad as MD & CFO due to insufficient votes
- Continues in existing role as Joint Managing Director and CFO as approved at 39th AGM held on September 29, 2025
- Current tenure runs for the period from August 10, 2025 to August 09, 2028
- Company market cap stands at Rs 24 Cr against TTM revenue of Rs 3 Cr
Southern Magnesium and Chemicals Limited has published newspaper notices regarding its 40th Annual General Meeting scheduled for September 30, 2026, at 11:30 AM via video conferencing. The cut-off date for determining voting eligibility is September 23, 2026, and remote e-voting will run from September 27 to September 29, 2026. Share transfer books will remain closed from September 24 to September 30, 2026. This is a standard statutory compliance filing with no operational or financial impact.
- 40th Annual General Meeting scheduled for Wednesday, September 30, 2026, at 11:30 AM IST via VC/OAVM
- Remote e-voting window runs from September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
- Cut-off date for e-voting eligibility set as September 23, 2026
- Book closure period scheduled from September 24, 2026 to September 30, 2026 (both days inclusive)
Southern Magnesium & Chemicals reported a net loss of ₹50.01 lakhs for the quarter ended June 30, 2026, a significant widening from the ₹9.86 lakhs loss in the same period last year. Revenue from operations stood at ₹31.54 lakhs, which is a 45% increase YoY but a 65% decline sequentially from the March 2026 quarter. Total expenses of ₹88.53 lakhs significantly exceeded the total income of ₹39.05 lakhs, resulting in a negative EPS of ₹1.67. The company has scheduled its 40th Annual General Meeting for September 30, 2026.
- Net loss widened to ₹50.01 lakhs in Q1 FY27 compared to a loss of ₹9.86 lakhs in Q1 FY26
- Revenue from operations grew 45% YoY to ₹31.54 lakhs from ₹21.70 lakhs
- Total expenses rose to ₹88.53 lakhs, driven by employee benefits (₹15.57 lakhs) and other expenses (₹32.84 lakhs)
- Finance costs remained high at ₹9.53 lakhs relative to the small revenue base
- Book closure for the 40th AGM is set for September 24, 2026, to September 30, 2026
Southern Magnesium & Chemicals reported a widening net loss of Rs 50.01 lakhs for the quarter ended June 30, 2026, compared to a loss of Rs 9.86 lakhs in the same period last year. While revenue from operations grew 45% YoY to Rs 31.54 lakhs, it was completely offset by a 94% surge in total expenses, which reached Rs 88.53 lakhs. The quarterly loss is significant for this micro-cap, representing approximately 16.7% of its TTM revenue of Rs 3 crore. The company has scheduled its 40th Annual General Meeting for September 30, 2026.
- Net loss widened significantly to Rs 50.01 lakhs from Rs 9.86 lakhs in Q1 FY26
- Revenue from operations increased 45.3% YoY to Rs 31.54 lakhs from Rs 21.70 lakhs
- Total expenses surged to Rs 88.53 lakhs, nearly double the Rs 45.63 lakhs reported in the previous year's quarter
- Other expenses saw a sharp rise to Rs 32.84 lakhs from Rs 10.75 lakhs YoY
- Book closure for the 40th AGM is fixed from September 24, 2026, to September 30, 2026
Southern Magnesium & Chemicals reported a net loss of ₹50.01 lakhs for the quarter ended June 30, 2026, significantly higher than the ₹9.86 lakh loss in the same period last year. While revenue from operations grew 45% YoY to ₹31.54 lakhs, it plummeted 65% sequentially from ₹89.86 lakhs in the March 2026 quarter. Total expenses of ₹88.53 lakhs were more than double the total income of ₹39.05 lakhs, driven by a sharp rise in other expenses. The company's small scale (₹22 Cr market cap) makes it highly sensitive to these operational losses.
- Net loss widened to ₹50.01 lakhs compared to a loss of ₹9.86 lakhs in June 2025.
- Revenue from operations fell 64.9% sequentially to ₹31.54 lakhs from ₹89.86 lakhs in Q4 FY26.
- Other expenses surged to ₹32.84 lakhs, a 205% increase compared to ₹10.75 lakhs in the year-ago quarter.
- Total expenses of ₹88.53 lakhs significantly exceeded the total income of ₹39.05 lakhs.
- The 40th Annual General Meeting (AGM) is scheduled for September 30, 2026.
Southern Magnesium & Chemicals Ltd has scheduled a board meeting for August 7, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The board will also finalize the 40th Annual General Meeting (AGM) details, including the date, notice, and book closure periods. This meeting is critical as the company seeks to stabilize after FY26 revenue fell to ₹3.36 cr from ₹12.43 cr in FY25. Investors will be monitoring if the marginal profitability seen in the March 2026 quarter (₹0.06 cr) continues.
- Board meeting scheduled for August 7, 2026, to approve Q1 FY27 results.
- Meeting will finalize details for the 40th Annual General Meeting (AGM).
- Trading window has been closed since July 1, 2026, per SEBI regulations.
- Company reported a significant revenue drop to ₹3.36 cr in FY26 from ₹12.43 cr in FY25.
- Market capitalization stands at a micro-cap level of ₹21 cr.
Southern Magnesium & Chemicals Ltd has announced a special window for the transfer and dematerialisation of physical securities, effective from February 5, 2026, to February 4, 2027. This initiative follows SEBI's January 2026 circular to assist investors who purchased physical shares before April 1, 2019, but faced transfer rejections or failed to lodge them. Shares processed through this window will be issued in demat mode and subject to a mandatory one-year lock-in period. This is a procedural exercise to clean up legacy physical holdings and has no impact on the company's financial performance.
- Special window is open for a period of one year from February 5, 2026, to February 4, 2027
- Applicable only to physical shares purchased prior to the April 1, 2019, deadline
- Securities transferred under this window will be under lock-in for 1 year from the date of registration
- Registrar for the process is Aarthi Consultants Private Limited
- Disputed cases or shares already transferred to IEPF are excluded from this window
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