Key Decisions and Approvals
The Board of Directors meeting was held on October 30, 2026, from 02:00 p.m. to 02:45 p.m. at the registered office in Ahmedabad. The Board:
1. Approved standalone unaudited financial results for quarter and half year ended September 30, 2026, pursuant to Regulation 33
2. Approved consolidated unaudited financial results for quarter and half year ended September 30, 2026, pursuant to Regulation 33
3. Took note of compliances submitted with stock exchange for quarter and half year ended September 30, 2026
Standalone Financial Performance (Rs. in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹22,486.42 (vs ₹6,314.31 in Q2 FY26)
- Other Income: ₹36.28
- Total Income: ₹22,522.70
- Purchase of Stock-In-Trade: ₹21,527.68
- Total Expenses: ₹22,300.80
- Profit Before Tax: ₹221.90 (vs ₹13.47 in Q2 FY26)
- Tax Expense: ₹56.94
- Profit After Tax: ₹164.96 (vs ₹6.96 in Q2 FY26)
- Other Comprehensive Income: ₹3.01
- Total Comprehensive Income: ₹167.97
- EPS: ₹0.04 (not annualized)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹39,987.70 (vs ₹12,783.61 in H1 FY26)
- Other Income: ₹49.20
- Total Income: ₹40,036.90
- Profit Before Tax: ₹652.07 (vs ₹97.09 in H1 FY26)
- Tax Expense: ₹170.67
- Profit After Tax: ₹481.40 (vs ₹66.74 in H1 FY26)
- Total Comprehensive Income: ₹487.42
- EPS: ₹0.10 (not annualized)
Consolidated Financial Performance (Rs. in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹22,486.42
- Other Income: ₹35.30
- Total Income: ₹22,521.72
- Profit Before Share of Profit of Associate: ₹220.92
- Share of Profit from Associate: ₹0.98
- Profit Before Tax: ₹221.90
- Profit After Tax: ₹164.96
- Total Comprehensive Income: ₹167.97
- EPS: ₹0.04
Half Year Ended September 30, 2026:
- Total Income: ₹40,034.85
- Profit Before Tax: ₹652.07
- Profit After Tax: ₹481.40
- Total Comprehensive Income: ₹487.42
- EPS: ₹0.10
Capital Structure
- Paid-up Equity Share Capital: ₹4,600.00 lakh (Face value ₹1 each)
- Other Equity as at September 30, 2026: ₹1,064.32 lakh (vs ₹806.90 lakh as at March 31, 2026)
Significant Accounting Notes
1. Financial results prepared in accordance with Indian Accounting Standards
2. Results reviewed by Audit Committee and approved by Board of Directors
3. Other Income includes share of Profit from Partnership Firm: ₹0.98 lakh (Q2), ₹2.05 lakh (H1)
4. During quarter ended December 31, 2025, Board approved:
- Bonus issue of 3,45,00,000 equity shares of ₹10 each in 3:1 ratio
- Stock split from face value ₹10 to ₹1 per share with record date January 08, 2026
- Authorized share capital increased from ₹2,00,00,000 to ₹4,60,00,000 equity shares
5. EPS for previous periods restated considering bonus issue and stock split
Segment Information (Consolidated)
The company operates in two reportable segments:
Acids and Chemicals Segment:
- Q2 FY27 Revenue: ₹22,521.72 lakh
- Q2 FY27 Segment Results: ₹323.04 lakh
Sports Equipment Segment:
- Q2 FY27 Revenue: Not separately stated (₹317.67 lakh in Q1 FY27)
- Q2 FY27 Segment Results: (₹2.04) lakh loss
Assets and Liabilities Position (Standalone)
As at September 30, 2026:
- Total Assets: ₹10,867.43 lakh
- Non-Current Assets: ₹2,045.10 lakh (Property, plant equipment: ₹1,352.62 lakh)
- Current Assets: ₹8,822.33 lakh (Trade receivables: ₹7,867.34 lakh)
- Total Equity: ₹5,664.32 lakh
- Current Liabilities: ₹5,152.64 lakh (Borrowings: ₹4,531.12 lakh)
Cash Flow Statement (Standalone)
Half Year Ended September 30, 2026:
- Cash from Operating Activities: ₹480.80 lakh
- Cash used in Investing Activities: ₹(419.42) lakh
- Cash used in Financing Activities: ₹(65.10) lakh
- Net decrease in Cash: ₹(3.72) lakh
- Cash balance at end: ₹6.32 lakh
- Dividend paid: ₹230.00 lakh
Auditor's Review
M/s. Sorab S. Engineer & Co., Chartered Accountants issued unqualified review reports for both standalone and consolidated financial results, confirming compliance with Ind AS 34 and SEBI Listing Regulations.