Financial Results Summary

The Board of Directors considered and approved the Unaudited Financial Results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026.

Consolidated Financial Highlights (Figures in ₹ Crores):

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹1,810.41
  • Total income: ₹1,816.77
  • Profit before tax: ₹151.21
  • Profit after tax: ₹119.75
  • Total comprehensive income: ₹136.14
  • Basic EPS: ₹33.78 (not annualized)
  • Diluted EPS: ₹33.67 (not annualized)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹3,592.31
  • Total income: ₹3,601.95
  • Profit before tax: ₹358.44
  • Profit after tax: ₹285.67
  • Total comprehensive income: ₹300.24
  • Basic EPS: ₹80.58 (not annualized)
  • Diluted EPS: ₹80.33 (not annualized)

Standalone Financial Highlights (Figures in ₹ Crores):

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹1,233.24
  • Total income: ₹1,236.88
  • Profit before tax: ₹90.14
  • Profit after tax: ₹66.47
  • Total comprehensive income: ₹65.93
  • Basic EPS: ₹18.76 (not annualized)
  • Diluted EPS: ₹18.70 (not annualized)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹2,498.77
  • Total income: ₹2,509.17
  • Profit before tax: ₹232.18
  • Profit after tax: ₹172.41
  • Total comprehensive income: ₹171.33
  • Basic EPS: ₹48.64 (not annualized)
  • Diluted EPS: ₹48.49 (not annualized)

Interim Dividend Declaration

The Board approved and declared an Interim Dividend of ₹18 per equity share (180% of face value of ₹10 each) for the financial year 2026-27. The Record date for payment is fixed as November 11, 2026. The dividend shall be paid within 30 days from declaration to shareholders on the register as of record date.

Management Changes

Re-appointment of Managing Director

Based on Nomination and Remuneration Committee recommendation, the Board approved re-appointment of Mr. K. Natarajan (DIN: 07626680) as Managing Director from February 18, 2027 to March 31, 2029, subject to member approval.

Mr. Natarajan holds a Bachelors' Degree in Commerce from University of Mumbai, is a qualified Cost Accountant, and completed Advanced Management Program from Harvard Business School (May 2016). He joined Galaxy in April 1993 and has headed diverse functions including Finance, IT, Business Creation, Business Commercial, Global Sourcing and Supply Chain. He was designated as Chief of Operations in December 2009, Executive Director and COO from October 1, 2016, and has been Managing Director since February 18, 2024.

Change in Company Secretary and Compliance Officer

Mr. Niranjan Ketkar tendered resignation as Company Secretary and Compliance Officer effective December 04, 2026 (closing hours) to pursue alternate career opportunity outside the organization.

Based on Nomination and Remuneration Committee recommendation, the Board approved appointment of Ms. Roopali Vikram Kamate (Membership No: A19814) as Company Secretary and Compliance Officer, designated as Key Managerial Person effective December 05, 2026.

Ms. Kamate is a qualified Company Secretary (ACS) and holds Master of Laws (LL.M.) degree. She has nearly two decades of experience in corporate secretarial, governance, legal advisory, ethics, compliance and regulatory affairs. She currently serves as Head – Corporate Governance at Galaxy Surfactants Limited and previously held leadership positions with Intervet India Private Limited (Merck & Co, Inc. group company).

Appointment of Statutory Auditors

Based on Audit Committee recommendation, the Board approved appointment of M/s. S R B C & CO LLP, Chartered Accountants (ICAI Firm Registration No. 324982E/E300003) as Statutory Auditors for five years, commencing from conclusion of 41st Annual General Meeting until conclusion of 46th Annual General Meeting, subject to member approval.

SRBC is a Limited Liability Partnership Firm with registered office in Kolkata and offices across key Indian cities. It is part of M/s. S.R. Batliboi & Affiliates network of audit firms registered with ICAI, primarily engaged in providing audit and assurance services.

Legal Matter Disclosure

The Company received an Order dated October 5, 2024 from Gujarat Industrial Development Corporation (GIDC) initiating proceedings to vacate land for non-utilization within required period (Carrying value as of September 30, 2026: ₹72.54 Crores). The Company appealed against eviction proceedings and challenged termination of lease. Gujarat High Court granted interim stay on termination of lease. During current quarter, Ankleshwar District Court allowed the appeal by quashing and setting aside eviction proceedings. Company is legally advised it has strong case. Based on management assessment and pending legal proceedings, no provision considered necessary at this stage.

Additional Information

  • The Board adopted Limited Review Report on Unaudited Financial Results obtained from Statutory Auditors
  • Meeting started at 09:30 a.m. and concluded at 08:00 p.m.
  • Final dividend of ₹22 per share (220% of face value) aggregating ₹78.00 Crores for FY 2025-26 was paid during quarter ended September 30, 2026
  • Consolidated entities include Galaxy Surfactants Limited and 8 subsidiaries across Egypt, USA, Mauritius, Germany, Netherlands, and Mexico
  • The Group is in business of manufacture of surfactants and specialty ingredients for personal care and home care industries
  • There are no separate reportable segments as per IND AS 108 - Operating Segments