Key Financial Figures - Standalone

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹22,075.10 lakhs (vs ₹10,915.40 lakhs in Q2 FY26)
  • Profit before tax: ₹881.70 lakhs (vs ₹264.40 lakhs in Q2 FY26)
  • Net profit: ₹656.00 lakhs (vs ₹196.30 lakhs in Q2 FY26)
  • Basic EPS: ₹1.97 (vs ₹0.59 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹45,562.80 lakhs (vs ₹21,550.50 lakhs in H1 FY26)
  • Profit before tax: ₹1,695.60 lakhs (vs ₹523.20 lakhs in H1 FY26)
  • Net profit: ₹1,263.80 lakhs (vs ₹390.40 lakhs in H1 FY26)
  • Basic EPS: ₹3.80 (vs ₹1.17 in H1 FY26)

Balance Sheet Position (Standalone as of September 30, 2026):

  • Total assets: ₹33,826.90 lakhs (vs ₹21,715.30 lakhs as of March 31, 2026)
  • Equity: ₹14,094.80 lakhs (vs ₹12,864.10 lakhs as of March 31, 2026)
  • Current liabilities: ₹16,944.30 lakhs (vs ₹6,069.40 lakhs as of March 31, 2026)
  • Inventories: ₹4,907.50 lakhs (vs ₹951.80 lakhs as of March 31, 2026)
  • Trade receivables: ₹4,852.70 lakhs (vs ₹3,128.40 lakhs as of March 31, 2026)

Key Financial Figures - Consolidated

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹22,352.30 lakhs (vs ₹9,830.10 lakhs in Q2 FY26)
  • Profit before tax: ₹929.80 lakhs (vs ₹273.80 lakhs in Q2 FY26)
  • Net profit attributable to owners: ₹685.90 lakhs (vs ₹203.30 lakhs in Q2 FY26)
  • Basic EPS: ₹2.06 (vs ₹0.62 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹46,437.60 lakhs (vs ₹20,950.00 lakhs in H1 FY26)
  • Profit before tax: ₹1,766.00 lakhs (vs ₹547.30 lakhs in H1 FY26)
  • Net profit attributable to owners: ₹1,304.90 lakhs (vs ₹404.90 lakhs in H1 FY26)
  • Basic EPS: ₹3.93 (vs ₹1.22 in H1 FY26)

Balance Sheet Position (Consolidated as of September 30, 2026):

  • Total assets: ₹40,354.10 lakhs (vs ₹27,362.40 lakhs as of March 31, 2026)
  • Total equity: ₹16,748.50 lakhs (vs ₹15,412.70 lakhs as of March 31, 2026)
  • Non-controlling interest: ₹1,236.60 lakhs (vs ₹1,227.90 lakhs as of March 31, 2026)
  • Current liabilities: ₹17,456.30 lakhs (vs ₹6,439.30 lakhs as of March 31, 2026)

Cash Flow Statements

Standalone Cash Flow (H1 FY27):

  • Net cash used in operating activities: ₹(274.50) lakhs
  • Net cash used in investing activities: ₹(2,833.10) lakhs
  • Net cash from financing activities: ₹4,148.50 lakhs
  • Net increase in cash: ₹1,040.90 lakhs

Consolidated Cash Flow (H1 FY27):

  • Net cash used in operating activities: ₹(2,883.70) lakhs
  • Net cash used in investing activities: ₹(1,084.70) lakhs
  • Net cash from financing activities: ₹5,019.40 lakhs
  • Net increase in cash: ₹1,050.90 lakhs

Important Notes and Disclosures

1. GST Reconciliation Difference: A difference of ₹1,147 lakhs exists between Input Tax Credit reflected on GSTN portal and books of account. Management believes no material impact on financial position.

2. Middle East Conflict Impact: Ongoing conflict caused supply uncertainties and LPG price volatility. Auto LPG division performance subdued due to higher prices and lower availability, though bulk supply and PCD supply prioritized.

3. Income Tax Search: Income-tax authorities conducted search activities in October 2025. No written communication received yet, and no accounting provisions made.

4. Subsidiary Information: Financial results include 42 subsidiaries, associates, and joint ventures. Review reports not obtained for 19 subsidiaries, and 4 subsidiaries included based on management accounts.

5. Auditor Review: Joint statutory auditors Singhi & Co. and Katariya and Munot issued unmodified review reports with emphasis on GST reconciliation matter.

Board Meeting Details

  • Date: November 13, 2026
  • Time: 7:30 PM to 9:10 PM
  • Location: Corporate Office
  • Approved: Unaudited Financial Results (Standalone and Consolidated) for Q2 and H1 ended September 30, 2026