Prima Plastics Ltd

• Board approved Q1 FY2026-27 standalone and consolidated unaudited results. • Total income at Rs 3425.66 lakhs; net profit Rs 1308.64 lakhs. • Rotational Moulding business demerged to subsidiary Prima Innovation Limited. • Previous figures restated to show discontinued operations post-demerger.

📌 Financial Results Overview:

• Unaudited standalone and consolidated Q1 FY2026-27 results approved.
• Total income: Rs 3425.66 lakhs; net profit after tax (standalone): Rs 1308.64 lakhs.
• Consolidated net profit after tax: Rs 344.88 lakhs.
• EPS for continuing operations (standalone): Rs 11.90.

🔹 Demerger of Rotational Moulding Business:

• Rotational Moulding business demerged to wholly owned subsidiary Prima Innovation Limited.
• Scheme sanctioned by NCLT; effective March 31, 2026; appointed date July 1, 2024.
• Assets/liabilities transferred and derecognized from company books.
• Disclosed as discontinued operations in financials.

📉 Discontinued Operations Impact:

• Discontinued business revenue for Q1: Rs 1443.88 lakhs with a slight loss before tax.
• Previous figures restated to separate discontinued operations.

📈 About the Financial Reporting:

• Auditors reviewed and issued unmodified report on Q1 results.
• Subsidiary and joint venture accounts adjusted & converted to Indian Accounting Standards.

🔍 What This Means for Investors:

• Demerger provides clearer business segmentation and transparent reporting.
• Enables investors to differentiate core business from demerged operations.
• Q1 profitability indicates ongoing business strength.

Overall, this is a key quarterly operational performance update combined with a significant corporate restructuring event.