Financial Results

  • Approved the unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026
  • The Limited Review Report was issued by the statutory auditors, Suresh I Surana & Associates

Management Appointments

  • Re-appointed Mr. Ashwin Desai (DIN: 00038386) as Managing Director for a further period of 5 years effective from October 1, 2026, subject to shareholder approval
  • Re-appointed Ms. Purnima Desai (DIN: 00038399), Mr. Rohan Desai (DIN: 00038379), and Dr. Aman Desai (DIN: 00043633) as Whole-time Directors for 5 years effective from October 1, 2026, subject to shareholder approval

Auditor Appointments

  • Appointed CA Riddhi Chitaliya as Internal Auditor for FY 2026-27
  • Appointed M/s. PAAA & Associates as Cost Auditor for FY 2026-27

Senior Management Designations

  • Designated six employees as Senior Managerial Personnel effective from August 1, 2026: Mr. Denish Dodhiyawala, Mr. Parag Detroja, Ms. Parul Mujumdar, Mr. Jayesh Mourya, Mr. Harshad Patel, Mr. Sonu Patel

AGM Convening

  • Convening the 14th Annual General Meeting on Friday, September 11, 2026, through video conferencing and Other Audio-Visual Means

Financial Results Details

Consolidated Financial Results (Q1 FY27)

  • Total Income: ₹2,663.66 million
  • Total Expenses: ₹2,507.93 million
  • Profit Before Exceptional Items and Tax: ₹834.53 million
  • Exceptional Items: None
  • Profit Before Tax: ₹834.53 million
  • Total Tax Expense: ₹207.04 million
  • Profit for the Period: ₹627.49 million
  • Total Comprehensive Income: ₹628.11 million
  • Basic EPS: ₹4.77
  • Diluted EPS: ₹4.76
  • Paid-up Equity Share Capital: ₹1,327.13 million
  • Number of Shares: 132.71 million

Standalone Financial Results (Q1 FY27)

  • Revenue from Operations: ₹2,565.06 million
  • Other Income: ₹98.60 million
  • Total Income: ₹2,663.66 million
  • Total Expenses: ₹2,004.74 million
  • Profit Before Exceptional Items and Tax: ₹658.92 million
  • Exceptional Items: None
  • Profit Before Tax: ₹658.92 million
  • Total Tax Expense: ₹175.78 million
  • Profit for the Period: ₹483.14 million
  • Total Comprehensive Income: ₹483.75 million
  • Basic EPS: ₹3.64
  • Diluted EPS: ₹3.64
  • Paid-up Equity Share Capital: ₹1,327.13 million
  • Number of Shares: 132.71 million

Comparative Performance

Consolidated Q1 FY27 vs Q1 FY26:

  • Profit for the period increased from ₹540.07 million to ₹627.49 million (16.2% growth)
  • Total comprehensive income increased from ₹553.06 million to ₹628.11 million

Standalone Q1 FY27 vs Q1 FY26:

  • Profit for the period increased from ₹401.43 million to ₹483.14 million (20.4% growth)
  • Total comprehensive income increased from ₹402.57 million to ₹483.75 million

Insurance Claim Settlements

  • On November 29, 2023, an accidental fire occurred at Manufacturing Facility-I located at Plot No. 8203, Road No. 8, GIDC Industrial Estate, Sachin, Surat, Gujarat
  • The company wrote off damaged property, plant and equipment of ₹299.68 million during Q4 FY26
  • During Q1 FY27, the insurance company finalized the claim and paid balance settlement of ₹260.05 million (₹225.05 million for asset loss and ₹35.00 million for Financial Loss/Profit)
  • On March 11, 2026, a fire incident occurred at the company's external warehouse at Hojiwala Industrial Estate, Sachin, Surat
  • The company recognized inventory loss of ₹70.00 million in Q4 FY26 and has lodged an insurance claim currently under assessment

Share Capital Changes

  • During Q1 FY27, the company allotted 32,752 equity shares of ₹10 each consequent to exercise of stock options by employees under the Employee Stock Option Scheme

Auditor Review

  • Both standalone and consolidated financial results were reviewed by Suresh I Surana & Associates who issued unmodified review reports
  • The consolidated results include subsidiary Aether Speciality Chemicals Limited (wholly owned subsidiary) with Q1 FY26 revenues of ₹700.51 million and profit after tax of ₹149.83 million