Financial Performance - Standalone (Q1 FY27)

Income Statement Highlights:

  • Revenue from operations: ₹705.36 crore
  • Other income: ₹4.10 crore
  • Total income: ₹709.46 crore
  • Cost of materials consumed: ₹430.18 crore
  • Employee benefits expense: ₹36.70 crore
  • Finance costs: ₹7.22 crore
  • Depreciation and amortization: ₹42.90 crore
  • Power and fuel expense: ₹34.70 crore
  • Other expenses: ₹61.72 crore
  • Total expenses: ₹576.28 crore
  • Profit before tax: ₹133.18 crore
  • Tax expense: ₹34.00 crore (Current tax: ₹34.81 crore, Deferred tax: -₹0.81 crore)
  • Profit after tax: ₹99.18 crore
  • Basic and diluted EPS: ₹22.99

Comparative Performance:

  • Revenue decreased 4.2% QoQ from ₹736.16 crore (Q4 FY26) but increased 16.3% YoY from ₹606.54 crore (Q1 FY26)
  • Profit after tax increased 21.0% QoQ from ₹81.93 crore (Q4 FY26) but decreased 38.2% YoY from ₹160.41 crore (Q1 FY26)
  • Finance costs decreased significantly to ₹7.22 crore from ₹15.80 crore in Q4 FY26 and ₹23.37 crore in Q1 FY26

Financial Performance - Consolidated (Q1 FY27)

Key Figures:

  • Revenue from operations: ₹705.36 crore
  • Other income: ₹4.10 crore
  • Total income: ₹709.46 crore
  • Share of profit from associates: ₹0.56 crore
  • Profit before tax: ₹133.74 crore
  • Tax expense: ₹34.00 crore
  • Profit after tax: ₹99.74 crore
  • Basic and diluted EPS: ₹23.12

Capital Structure

  • Paid-up equity share capital: ₹43.14 crore (face value ₹10 per share)
  • No change in share capital during the quarter

Significant Accounting Notes

Taxation:

The company exercised option under Section 115BAA of Income-tax Act, 1961 effective from FY 2025-26, resulting in reduced tax rate. A one-time deferred tax credit of approximately ₹80.87 crore was recognized in Q1 FY26 and FY26 towards remeasurement of deferred tax liabilities.

Associates Investment:

During FY26, the company entered into Share Subscription and Shareholders' Agreement with Prozeal Green Power Private Limited (Promoter) and Pro-Zeal Green Power Ten Private Limited (Power Producer). The company agreed to invest ₹0.13 crore for 26% equity share capital and ₹21.25 crore in Optionally Convertible Debentures of the Power Producer, which is developing a 19.80 MW Wind Solar Hybrid Power plant in Gujarat.

As of September 30, 2025, the company had invested ₹0.13 crore in equity and ₹2.13 crore in Non-cumulative Optionally Convertible Debentures. The company also entered into an Energy Supply Agreement to purchase minimum 51% of power generated for 25 years.

Subsequent Events

On July 7, 2026, the company incorporated a wholly-owned subsidiary named "Epigral Advanced Material Limited" with the objective of manufacturing chemicals.

Segment Information

The company operates in a single business segment - "Chloro Alkali & its Derivatives" with sales substantially in domestic market.

Associates Included in Consolidation

  • ReNew Green (GJS Three) Private Limited
  • Pro-Zeal Green Power Ten Private Limited (w.e.f August 28, 2025)

Auditor's Review

S R B C & CO LLP issued limited review reports on both standalone and consolidated financial results, stating nothing came to their attention causing them to believe the statements contain material misstatements. The unaudited financial results of associates were not reviewed by their independent auditors.