Axel Polymers Ltd — Results, 24-07-2025: Result

Axel Polymers Limited's board has approved the financial results for the first quarter ended June 30, 2025. The company reported a net profit of Rs. 0.04 Cr for the quarter, a significant improvement from the loss of Rs. 0.53 Cr in the same period last year. Revenue from operations stood at Rs. 11.70 Cr. Shareholders should note that the company is under investigation by GST authorities since July 2024 for alleged wrongful tax credits. Axel Polymers has deposited Rs. 1 Cr under protest, with no formal show cause notice issued yet. This ongoing matter warrants attention.