Southern Magnesium & Chemicals Ltd Approves Q1 2026 Results; Sets Dates for Annual General Meeting
Southern Magnesium & Chemicals Limited announced that its Board of Directors reviewed and approved the unaudited financial results for the quarter ending June 30, 2026. The company also convened its forthcoming Annual General Meeting (AGM) and established key dates for the upcoming fiscal year's corporate activities.The Board meeting was held on August 7, 2026, during which several operational decisions were made. In addition to considering and approving the unaudited financial results for the quarter ending June 30, 2026, the Directors set the date for the company’s 40th Annual General Meeting.
The AGM is scheduled for Wednesday, September 30, 2026, which will be conducted through video conferencing or other audio visual means (OAVM). The Board also fixed book closure dates from September 24, 2026, to September 30, 2026, for the purpose of the AGM.
The company’s business activity operates within a single segment: Magnesium, as per IND AS 108 on operating segments.
Financial Performance Highlights (Q ending June 30, 2026)
The unaudited financial results were presented in detail, reviewed by the Audit Committee and approved by the Board of Directors. The company’s performance metrics for the quarter ended June 30, 2026, compared to previous periods are summarized below (figures are in Lakhs).| Particulars | For the Quarter ended 30.06.2026 (Unaudited) | For the Quarter ended 31.03.2026 (Audited) | For the Quarter ended 30.06.2025 (Unaudited) | For the Year ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue From Operations | 3,154 | 89.86 | 2,170 | 335.55 |
| Income | 751 | 2,537 | 1,075 | 6,352 |
| Total Income (Income + Other) | 39.05 | 11,523 | 3,245 | 399.07 |
| Cost of materials consumed | 1,034 | 3,596 | 2,147 | 199.28 |
| Employee benefits expense | 1,557 | 1,989 | 2,239 | 82.15 |
| Finance costs | 953 | 932 | 8.14 | 3,795 |
| Depreciation and amortization expense | 45 | 63 | 128 | 377 |
| Other expenses | 3,284 | 1,077 | 1,075 | 4,091 |
| Profit/(loss) before tax | (49.48) | 14.82 | (13.18) | 23.86 |
| Profit/(Loss) for the period | (50.01) | 5.87 | (9.86) | 12.64 |
Independent Audit Review
The company's unaudited financial results were subject to a limited review conducted by the Statutory Auditors. The audit report stated that, based on the review performed in accordance with the Standard on Review Engagement (SRE) 2410, nothing had come to the auditor's attention that caused them to believe the accompanying Statement contained any material misstatement.Stock Price Movement
Southern Magnesium & Chemicals Ltd shares are edging higher in the market at ₹74.98, marking a gain of 1.32%. The stock has traded through its intraday range, having seen activity between a low of ₹74.98 and an intraday high of ₹79.99.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.