The financial results were prepared under Ind AS and were recommended by the Audit Committee. The company also enclosed a Limited Review Report issued by M/S. Padmanabhan Ramani & Ramanujam, Chartered Accountants, the Statutory Auditors of the Company.

Financial Performance (Quarter Ended 30th September 2026)

  • Revenue from Operations: ₹27,371.16 Lakhs (Previous Quarter [Q1 FY27]: ₹25,633.04 Lakhs; Year-ago Quarter [Q2 FY26]: ₹23,834.31 Lakhs)
  • Other Income: ₹437.41 Lakhs (Q1 FY27: ₹278.05 Lakhs; Q2 FY26: ₹628.79 Lakhs)
  • Total Income: ₹27,808.57 Lakhs (Q1 FY27: ₹25,930.9 Lakhs; Q2 FY26: ₹24,463.10 Lakhs)
  • Total Expenses: ₹26,497.38 Lakhs (Q1 FY27: ₹23,072.28 Lakhs; Q2 FY26: ₹23,152.23 Lakhs)
  • Profit before exceptional items and tax: ₹1,311.19 Lakhs (Q1 FY27: ₹2,858.81 Lakhs; Q2 FY26: ₹1,310.87 Lakhs)
  • Exceptional Expense: ₹935.92 Lakhs (Q2 FY26: ₹0; relates to anti-dumping duty provision)
  • Profit before tax: ₹375.27 Lakhs (Q1 FY27: ₹2,858.81 Lakhs; Q2 FY26: ₹1,310.87 Lakhs)
  • Tax Expense: ₹163.68 Lakhs (Q1 FY27: ₹692.28 Lakhs; Q2 FY26: ₹376.29 Lakhs)
  • Net Profit for the period: ₹211.59 Lakhs (Q1 FY27: ₹2,166.53 Lakhs; Q2 FY26: ₹1,187.23 Lakhs)
  • Earnings per share (Basic & Diluted): ₹0.68 (Q1 FY27: ₹6.93; Q2 FY26: ₹3.80)

Financial Performance (Half-Year Ended 30th September 2026)

  • Revenue from Operations: ₹53,024.20 Lakhs (H1 FY26: ₹49,649.94 Lakhs)
  • Other Income: ₹715.46 Lakhs (H1 FY26: ₹926.04 Lakhs)
  • Total Income: ₹53,739.66 Lakhs (H1 FY26: ₹50,575.98 Lakhs)
  • Total Expenses: ₹50,569.66 Lakhs (H1 FY26: ₹47,969.66 Lakhs)
  • Profit before exceptional items and tax: ₹3,170.00 Lakhs (H1 FY26: ₹2,606.32 Lakhs)
  • Exceptional Expense: ₹935.92 Lakhs (H1 FY26: ₹0)
  • Profit before tax: ₹2,234.08 Lakhs (H1 FY26: ₹2,606.32 Lakhs)
  • Tax Expense: ₹855.96 Lakhs (H1 FY26: ₹761.88 Lakhs)
  • Net Profit for the period: ₹1,378.12 Lakhs (H1 FY26: ₹1,844.44 Lakhs [calculated from provided data])
  • Earnings per share (Basic & Diluted): ₹4.41 (H1 FY26: ₹5.90 [calculated from provided data])

Notes to Financial Results

  • The results were reviewed by the Audit Committee and approved by the Board on 12th November 2026.
  • The Company declared a final dividend of ₹2.50 per equity share (25% on face value of ₹10) for FY25-26 in the AGM held on 17th September 2026.
  • The company has only one reportable segment: Shrimp processing (IND AS 108).
  • Revenue from operations includes export benefits: Q2 FY27: ₹1,380.30 Lakhs; Q1 FY27: ₹1,280.55 Lakhs; Q2 FY26: ₹1,157.56 Lakhs; H1 FY27: ₹2,660.85 Lakhs; H1 FY26: ₹2,518.68 Lakhs; FY26: ₹4,927.04 Lakhs.
  • Exceptional Item (Q2 FY27: ₹935.92 Lakhs): Represents net amount of:
  • Estimated provision of ₹1,010.39 Lakhs for incremental Anti-Dumping Duty (ADD) liability for earlier years due to revision in ADD rates from 1.35% to 3.76% and to 5.53% as per final determinations. The company has filed an appeal before the Court of International Trade USA, but recognized the provision due to materiality and uncertainty of legal proceedings.
  • IEIS License granted by DGFT during the quarter related to earlier years for ₹74.47 Lakhs (considered at fair value). For Q2 FY26, this was ₹252.65 Lakhs.
  • The company has no investment in subsidiary/associate/joint venture companies as of 30-09-2026, making consolidated financial statements not applicable.
  • Figures for previous periods have been re-grouped wherever necessary.

Statement of Assets and Liabilities (As at 30th September 2026)

  • Total Assets: ₹63,919.15 Lakhs (31st March 2026: ₹59,258.48 Lakhs)
  • Non-Current Assets: ₹29,320.17 Lakhs (31st March 2026: ₹27,479.94 Lakhs)
  • Current Assets: ₹34,598.98 Lakhs (31st March 2026: ₹31,785.4 Lakhs)
  • Equity: ₹54,396.09 Lakhs (31st March 2026: ₹52,799.23 Lakhs)
  • Non-Current Liabilities: ₹998.63 Lakhs (31st March 2026: ₹1,127.12 Lakhs)
  • Current Liabilities: ₹8,524.43 Lakhs (31st March 2026: ₹5,332.13 Lakhs)

Cash Flow Statement (Half-Year Ended 30th September 2026)

  • Net cash from operating activities: (₹1,228.81) Lakhs (H1 FY26: ₹4,635.21 Lakhs)
  • Net cash used in investing activities: (₹1,080.44) Lakhs (H1 FY26: (₹834.37) Lakhs)
  • Net cash from financing activities: ₹731.57 Lakhs (H1 FY26: (₹3,491.36) Lakhs)
  • Net decrease in cash and cash equivalents: (₹1,577.68) Lakhs (H1 FY26: ₹300.48 Lakhs)
  • Cash and cash equivalents at end of period: ₹270.34 Lakhs (H1 FY26: ₹525.11 Lakhs)

Auditor's Review

Padmanabhan Ramani & Ramanujam, Chartered Accountants, issued a limited review report stating that based on their review, nothing has come to their attention that causes them to believe that the accompanying statement of unaudited financial results contains any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.