Summary of Key Information:

Reporting Period (Quarter/Year): Quarter Ended 30 September 2026 (Q2 FY27) and Half Year Ended 30 September 2026 (H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Audit Opinion:

Clean/Unmodified - Limited Review Report from Statutory Auditors (Singhi & Co.) states: "nothing has come to our attention that causes us to believe that the accompanying statement... has not disclosed the information required to be disclosed... or that it contains any material misstatement."

Key Financial Highlights [INR in lakhs]:

Standalone Results:

Revenue from Operations:

  • Q2 FY27: 27,696.10 (vs Q2 FY25: 25,692.94, +7.8% YoY; vs Q1 FY27: 28,630.26, -3.3% QoQ)
  • H1 FY27: 56,326.36 (vs H1 FY25: 52,713.46, +6.8% YoY)

Total Income:

  • Q2 FY27: 27,899.74
  • H1 FY27: 56,835.63

Net Profit:

  • Q2 FY27: 831.70 (vs Q2 FY25: 1,401.34, -40.6% YoY; vs Q1 FY27: 1,792.40, -53.6% QoQ)
  • H1 FY27: 2,624.10 (vs H1 FY25: 3,767.13, -30.3% YoY)

EPS (Basic - INR):

  • Q2 FY27: 4.17
  • H1 FY27: 13.07

Other Equity:

  • As at 30.09.2026: 69,696.01 (vs 31.03.2026: 67,460.86)

Cash and Cash Equivalents:

  • As at 30.09.2026: 1,061.93 (vs 31.03.2026: 1,080.81)

Debt:

  • Current Borrowings: 5,186.24
  • Lease Liabilities (Current): 205.59
  • Lease Liabilities (Non-Current): 523.07

Consolidated Results:

Revenue from Operations:

  • Q2 FY27: 27,696.10
  • H1 FY27: 56,326.36

Total Income:

  • Q2 FY27: 27,897.71
  • H1 FY27: 56,838.42

Net Profit:

  • Q2 FY27: 800.28 (vs Q2 FY25: 1,400.58, -42.9% YoY; vs Q1 FY27: 1,783.12, -55.1% QoQ)
  • H1 FY27: 2,583.40 (vs H1 FY25: 3,765.47, -31.4% YoY)

EPS (Basic - INR):

  • Q2 FY27: 9.91 (includes bargain purchase gain)
  • H1 FY27: 12.87

Other Equity:

  • As at 30.09.2026: 70,830.40 (vs 31.03.2026: 67,453.42)

Cash and Cash Equivalents:

  • As at 30.09.2026: 1,070.30 (vs 31.03.2026: 1,083.50)

Segment-wise Performance [INR in lakhs]:

Standalone Segment Revenue:

Potable Alcohols Division:

  • Q2 FY27: 20,062.44 (vs Q2 FY25: 17,588.79, +14.1% YoY)
  • H1 FY27: 41,978.25 (vs H1 FY25: 38,099.87, +10.2% YoY)

Ethanol Division:

  • Q2 FY27: 8,473.49 (vs Q2 FY25: 8,800.82, -3.7% YoY)
  • H1 FY27: 15,911.71 (vs H1 FY25: 16,022.18, -0.7% YoY)

Standalone Segment Results:

Potable Alcohols Division:

  • Q2 FY27: 1,593.65 (vs Q2 FY25: 1,924.60, -17.2% YoY)
  • H1 FY27: 5,020.20 (vs H1 FY25: 5,176.96, -3.0% YoY)

Ethanol Division:

  • Q2 FY27: (215.01) loss (vs Q2 FY25: 157.52 profit)
  • H1 FY27: (1,051.72) loss (vs H1 FY25: 264.73 profit)

Consolidated Segment Results:

Potable Alcohols Division:

  • Q2 FY27: 1,567.09
  • H1 FY27: 4,979.56

Ethanol Division:

  • Q2 FY27: (215.01) loss
  • H1 FY27: (1,051.72) loss

Corporate Actions:

Dividend: Not specified

Share Split/Bonus/Buyback: Not specified

Capital Raising: Previously raised funds through share warrants (9,00,000 warrants allotted on March 28, 2024, converted to equity on September 4, 2025)

Other Significant Information:

Acquisition: On April 16, 2026, NCLT Kochi approved resolution plan for acquisition of SDF Industries Limited. Became wholly-owned subsidiary effective May 13, 2026. Final capital allocation recognized during Q2 FY27 with investment of Rs. 1,250.00 lakhs and bargain purchase gain of Rs. 1,182.54 lakhs recognized in OCI.

Capex: Not specified

Entities in Consolidation: Holding Company, Associated Alcohols and Breweries (Awadh) Limited, and SDF Industries Limited (from May 13, 2026)

Exceptional Items: None during reporting periods

Accounting Policy Changes: None affecting comparability

Guidance/Outlook: Not specified