Axel Polymers Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company reported a profit of ₹1.51 Lacs for the quarter, compared to ₹0.72 Lacs in the previous year’s corresponding quarter. Revenue from operations for the quarter stood at ₹1604.06 Lacs. The company also disclosed contingent liabilities and ongoing investigations related to GST and income tax matters.
Axel Polymers FY26 Q2 Financial Highlights
Axel Polymers Limited has released its unaudited financial results for the second quarter and half-year ending September 30, 2026. The board of directors approved these results on November 13, 2026, following a review by the Audit Committee and a Limited Review Report from statutory auditors M/s. Mukund and Rohit.
Quarterly Performance
For the second quarter ended September 30, 2026, the company reported a Profit/Loss before tax of ₹1.51 Lacs, a notable increase from ₹0.72 Lacs in the same period of the previous year. Revenue from operations for the quarter was ₹1604.06 Lacs.
Half-Yearly Performance
For the six months ended September 30, 2026, the Profit/Loss before tax stood at ₹19.82 Lacs. Total revenue from operations for the half-year amounted to ₹3223.90 Lacs.
Key Financial Statements
The detailed unaudited financial results, including the Statement of Assets and Liabilities and the Cash Flow Statement as of September 30, 2026, have been published. Total assets as of this date were ₹7411.89 Lacs, with total equity and liabilities also matching this figure. The cash flow statement indicates net cash generated from operating activities was -₹139.17 Lacs for the period.
Disclosed Contingencies and Investigations
The company’s auditors, Mukund & Rohit, highlighted several significant matters in their Limited Review Report. These include a demand of approximately ₹31.57 Crores for Input Tax Credit along with interest and a penalty of about ₹55.06 Crores, for which no provision has been made. Furthermore, an investigation has been initiated by regulatory authorities concerning the ongoing GST matter, with a show cause notice issued. An investigation by the Income Tax department is also ongoing. The auditors noted that for inventory ageing and obsolete items, no provision has been made, and they are unable to comment on the impact on financial statements. Additionally, a vendor has initiated legal proceedings for ₹18.00 Crores, which the management believes is unlikely to crystallize as a liability.
Source: BSE
