Summary of Key Information:

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

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results pursuant to SEBI LODR Regulations

Date of Board Meeting / Approval: Friday, 13th November, 2026

Audit Opinion: Unmodified conclusion (clean)

Auditor’s Comment: Emphasis of Matter regarding non-recognition of penal interest on Government of India loan amounting to ₹2,434.42 lakhs for H1 FY27 and ₹38,950.72 lakhs cumulative since April 2018, disclosed as contingent liability. Also noted non-compliance with Board composition requirements.

Key Financial Highlights [₹ in lakh]

Standalone Results:

Revenue from Operations:

  • Q2 FY27: ₹1,46,373
  • Q1 FY27: ₹1,25,340 (QoQ change: +16.8%)
  • Q2 FY25: ₹1,62,930 (YoY change: -10.2%)
  • H1 FY27: ₹2,71,713
  • H1 FY25: ₹2,67,207 (YoY change: +1.7%)
  • FY26: ₹5,72,376

Total Income:

  • Q2 FY27: ₹1,49,665
  • Q1 FY27: ₹1,28,740
  • Q2 FY25: ₹1,68,062
  • H1 FY27: ₹2,78,405
  • H1 FY25: ₹2,77,518
  • FY26: ₹5,90,008

Net Profit:

  • Q2 FY27: ₹3,928 (Profit)
  • Q1 FY27: ₹(6,194) (Loss)
  • Q2 FY25: ₹2,086 (Profit)
  • H1 FY27: ₹(2,266) (Loss)
  • H1 FY25: ₹2,514 (Profit)
  • FY26: ₹(3,960) (Loss)

EPS (not annualized):

  • Q2 FY27: ₹0.61 (Basic and Diluted)
  • Q1 FY27: ₹(0.96) (Basic and Diluted)
  • Q2 FY25: ₹0.32 (Basic and Diluted)
  • H1 FY27: ₹(0.35) (Basic and Diluted)
  • H1 FY25: ₹0.39 (Basic and Diluted)
  • FY26: ₹(0.61) (Basic and Diluted)

Other Equity:

  • As of 30.09.2026: ₹68,109.28
  • As of 31.03.2026: ₹70,325.32

Cash and Cash Equivalents:

  • As of 30.09.2026: ₹6,881.62
  • As of 31.03.2026: ₹16,892.67

Debt:

  • Borrowings (Current Liabilities) as of 30.09.2026: ₹4,19,599.22
  • Borrowings (Current Liabilities) as of 31.03.2026: ₹3,95,163.74

Consolidated Results:

Not Specified

Segment-wise Performance [₹ in lakh]:

Segment Revenue:

  • Fertiliser Q2 FY27: ₹1,46,434; H1 FY27: ₹2,72,046
  • Petrochemical Q2 FY27: ₹23; H1 FY27: ₹23
  • Unallocated Q2 FY27: ₹833; H1 FY27: ₹1,349

Segment Results (Profit/Loss before tax and finance cost):

  • Fertiliser Q2 FY27: ₹10,091 (Profit); H1 FY27: ₹6,831 (Profit)
  • Petrochemical Q2 FY27: ₹(850) (Loss); H1 FY27: ₹(1,057) (Loss)
  • Unallocated Q2 FY27: ₹(5) (Loss); H1 FY27: ₹(189) (Loss)

Corporate Actions:

Not Specified

Other Significant Information:

  • The company has discontinued consolidation of FACT - RCF Building Products Limited (FRBL) from FY25-26 following NCLT Kochi's approval of a resolution plan on 26.09.2025. The company has filed an appeal against this order with NCLAT Chennai.
  • Total comprehensive income for Q2 FY27: ₹3,979; H1 FY27: ₹(2,215)
  • Paid-up equity share capital: ₹64,707.20 (Face value ₹10 per share)

Cash Flow Statement Highlights for H1 FY27 [₹ in lakh]:

  • Net Cash from Operating Activities: ₹(90,418.58)
  • Net Cash from Investing Activities: ₹68,082.16
  • Net Cash from Financing Activities: ₹12,325.37
  • Net decrease in Cash and Cash Equivalents: ₹(10,011.05)

Assets & Liabilities as of 30.09.2026 [₹ in lakh]:

Total Assets: ₹7,67,465.96

Total Equity and Liabilities: ₹7,67,465.96

Inventories: ₹3,22,090.37

Trade Receivables: ₹51,854.77

Trade Payables:

  • Dues to Micro, Small & Medium Enterprises: ₹380.44
  • Dues to Others: ₹1,76,443.40