IGC Industries Ltd Announces Q1 Results for FY 2026; Financials Show Significant Operating Loss
IGC Industries Limited, formerly known as IGC Foils Limited, announced the unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved the quarterly financials and the accompanying limited review report issued by Statutory Auditors on Monday, July 13, 2026.The Board meeting commenced at 5:30 P.M. and concluded at 6:00 P.M., considering and approving both the unaudited financial results and the statutory auditor's limited review report for the quarter ending June 30, 2026.
Financial Performance Highlights (Q ended June 30, 2026)
The company reported an operating loss of ₹1,462.03 lakhs for the quarter ended June 30, 2026. The financial results were prepared according to Indian Accounting Standards (Ind AS).Key figures related to operations and expenses for the quarter ended June 30, 2026 (all amounts in ₹ Lakhs) are presented below:
| Particular | Q Ended 30-06-2026 (Unaudited) | Q Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|
| Total Income from Operations (Net) | - | - | - |
| Total Expenses | 1,462.03 | 263.72 | 292.97 |
| Profit (Loss) from operations before other income | (1,462.03) | (263.72) | (292.97) |
| Net Profit / (Loss) for the period | (1,462.03) | (263.72) | (292.97) |
| Paid up Equity Share Capital | 3,472.00 | 3,472.00 | 3,472.00 |
The Earnings Per Share for the quarter ended June 30, 2026, stood at a loss of ₹4.21 basic and diluted.
Audit Review and Advance Write-Off
Sarang Shivajirao Chavan and Associates, the Chartered Accountants conducting the review, issued a report confirming that they reviewed the accompanying statement of unaudited financial results. The auditor's report indicated no qualification on the financial results for the quarter ending June 30, 2026.The independent auditor’s review included an emphasis of matter regarding the write-off of an advance amount amounting to ₹9,31,59,000/-. This action was taken after the company received a complaint from the Directorate of Enforcement concerning the claiming of advances against assets involved in a disputed transaction. The company subsequently took steps to ensure the regulatory department would waive the claim toward these assets and accordingly wrote off the amount in the books of accounts.
Stock Price Movement
For IGC Industries Ltd., shares settled at ₹2.24 after the market close on Monday, having ticked down by 0.44%. The stock traded within a range during the day, moving between an intraday low of ₹2.22 and a high of ₹2.29.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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