Patels Airtemp Reports Rs 0.62 Cr Net Loss, Sales Down 81%
By Business Desk
Patels Airtemp (India) faces a challenging Q1 FY27 with a standalone net loss of Rs 0.62 crore and an 81.20% plunge in sales compared to the previous year.
Patels Airtemp (India) reported a standalone net loss of Rs 0.62 crore for the June 2026 quarter, a sharp decline from the net profit recorded in the previous year. This downturn was accompanied by a significant 81.20% drop in the company’s sales.
The company’s financial results mark a substantial reversal compared to the June 2025 quarter, when it had posted a net profit of Rs 2.80 crore. Sales plummeted to Rs 15.52 crore in the latest quarter, down from Rs 82.57 crore in the corresponding period of the prior year.
- Standalone Net Loss (June 2026): Rs 0.62 crore
- Net Profit (June 2025): Rs 2.80 crore
- Total Sales (June 2026): Rs 15.52 crore
- Total Sales (June 2025): Rs 82.57 crore
- Year-over-Year Sales Decline: 81.20%
The significant decrease in both profitability and revenue underscores a challenging period for Patels Airtemp (India) as it navigated the June 2026 quarter. This performance indicates a notable shift in the company’s financial trajectory compared to the previous fiscal year.