Mysore Petro Chemicals delivered a remarkable financial turnaround in the June 2026 quarter, reporting a consolidated net profit of ₹9.56 crore compared to a net loss of ₹0.40 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this represents a complete reversal of the company's financial performance and marks a significant milestone for the chemical manufacturer. The standalone profit after tax surged 140% YoY to ₹296.44 lakhs from ₹123.21 lakhs in Q1FY26, demonstrating strong operational performance across both standalone and consolidated operations.
The company's sales revenue surged 57.58% to ₹11.44 crore in Q1 FY27, as reported by Business Standard, compared to ₹7.26 crore recorded in the same quarter of the previous financial year. On a standalone basis, revenue from operations increased by 57.6% YoY to ₹1,143.77 lakhs in Q1FY27, compared to ₹725.60 lakhs in the corresponding period of FY26. Other income also saw a substantial rise, jumping to ₹437.21 lakhs from ₹236.39 lakhs last year, contributing to the company's total income of ₹1,580.98 lakhs on both standalone and consolidated bases.
The consolidated profit surge was primarily driven by a share of profit from associate I G Petrochemicals Limited of ₹879.19 lakhs, which significantly boosted the overall bottom line. On a standalone basis, profit before tax stood at ₹393.36 lakhs, compared to ₹157.61 lakhs in Q1FY26, with the tax expense for the quarter being ₹96.92 lakhs. The operating profit margin (OPM) improved to -2.88% in the June 2026 quarter, compared to -32.92% in the corresponding quarter of the previous year. Additionally, PBDT (Profit Before Depreciation and Tax) stood at ₹12.81 crore and PBT (Profit Before Tax) was ₹12.73 crore in the current quarter.
According to latest market data, Mysore Petro Chemicals has a market capitalization of ₹65.2 crore and is trading at 0.30 times its book value. The company maintains a promoter holding of 73.0% and has been maintaining a healthy dividend payout of 76.0%. However, the company faces challenges with controlling liabilities of ₹28.9 crore and high debtors of 166 days. The company's Phthalic Anhydride Plant at Raichur, Karnataka, has been closed since July 2013, highlighting the strategic importance of diversifying revenue streams and reducing dependency on the associate company for consolidated performance.
