Key Financial Figures - Quarter Ended September 30, 2026 (Q2 FY27)
- Revenue from Operations: ₹47.67 crore
- Other Income: ₹1.13 crore
- Total Income: ₹48.80 crore
- Profit Before Tax: ₹68.48 crore
- Tax Expense: ₹0.00 crore (with ₹0.05 crore relating to previous periods)
- Net Profit for the Quarter: ₹6.85 crore
- Other Comprehensive Income: ₹0.06 crore
- Total Comprehensive Income: ₹6.91 crore
- Basic and Diluted EPS: ₹2.89
Key Financial Figures - Half Year Ended September 30, 2026 (H1 FY27)
- Revenue from Operations: ₹74.25 crore
- Other Income: ₹3.05 crore
- Total Income: ₹77.29 crore
- Profit Before Tax: ₹69.23 crore
- Net Profit for the Period: ₹69.23 crore
- Other Comprehensive Income: ₹1.22 crore
- Total Comprehensive Income: ₹70.45 crore
- Basic and Diluted EPS: ₹2.93
Comparative Financial Performance
Quarterly Comparison (Q2 FY27 vs Q2 FY26):
- Revenue increased from ₹35.47 crore to ₹47.67 crore (34.4% growth)
- Net Profit increased from ₹3.12 crore to ₹6.85 crore (119.6% growth)
Half-Yearly Comparison (H1 FY27 vs H1 FY26):
- Revenue increased from ₹71.87 crore to ₹74.25 crore (3.3% growth)
- Net Profit increased from ₹65.14 crore to ₹69.23 crore (6.3% growth)
Balance Sheet Position as at September 30, 2026
- Total Assets: ₹193.00 crore (vs ₹175.55 crore as at March 31, 2026)
- Property, Plant and Equipment: ₹88.04 crore
- Inventories: ₹32.20 crore
- Trade Receivables: ₹50.03 crore
- Cash and Cash Equivalents: ₹1.29 crore
- Equity Share Capital: ₹23.66 crore (unchanged)
- Other Equity: ₹79.54 crore (vs ₹72.49 crore)
- Total Borrowings: ₹37.22 crore (Non-current: ₹14.23 crore; Current: ₹22.96 crore)
Cash Flow Statement - Half Year Ended September 30, 2026
- Cash Generated from Operations: ₹101.15 crore
- Net Cash from Operating Activities: ₹100.51 crore
- Net Cash used in Investing Activities: ₹(88.91) crore (mainly PPE purchases)
- Net Cash used in Financing Activities: ₹(18.90) crore
- Net Decrease in Cash: ₹(7.30) crore
GST Contingencies and Legal Matters
The Company has received two significant GST orders:
1. GST demand order raising liability of ₹235.47 lakhs - Company has preferred an appeal
2. Order for recovery of GST refunds availed during earlier years amounting to ₹331.09 lakhs plus interest and penalty - Company obtained stay from Madras High Court via writ petition
Total exposure: ₹566.56 lakhs (₹5.67 crore). The Company is confident of prevailing based on facts, legal provisions, judicial precedents, and industry practices, and does not anticipate any adverse financial outcome. No provisions have been made in the financial statements.
Auditor's Review
Brahmayya & Co., Chartered Accountants (Firm Regn No. 000511S) conducted a limited review under SRE 2410. They issued an unmodified conclusion, stating nothing came to their attention causing belief that the Statement contains material misstatement. They included an Emphasis of Matter paragraph highlighting the GST contingencies described in Note 5.
Additional Information
- The financial results were prepared in accordance with Ind AS 34
- The company operates in a single segment - manufacturing of pharmaceutical formulations
- Figures for previous periods have been regrouped and reclassified for comparability
- Paid-up share capital remains unchanged at ₹23.66 crore (face value ₹10 each)