Board Meeting Details

The Board of Directors meeting was held on Thursday, August 13, 2026. The meeting commenced at 3:19 p.m. and concluded at 4:07 p.m.

Key Decisions Approved

The Board considered and approved:

1. Unaudited Standalone Financial Results for the quarter ended June 30, 2026

2. Unaudited Consolidated Financial Results for the quarter ended June 30, 2026

3. Limited Review Report dated August 13, 2026, issued by the Statutory Auditors

Standalone Financial Results (Quarter Ended June 30, 2026)

Income:

  • Revenue from operations: ₹829.86 million
  • Other income: ₹41.57 million
  • Total income: ₹871.43 million

Expenses:

  • Cost of materials consumed: ₹708.11 million
  • Changes in inventories: ₹(25.11) million
  • Employee benefits expense: ₹30.53 million
  • Finance costs: ₹13.34 million
  • Depreciation and amortization: ₹16.06 million
  • Other expenses: ₹31.19 million
  • Total expenses: ₹774.12 million

Profitability:

  • Profit before tax: ₹97.31 million
  • Tax expense: ₹24.79 million
  • Current tax: ₹25.38 million
  • Deferred tax: ₹(0.59) million
  • Profit for the period: ₹72.52 million

Other Comprehensive Income: ₹0.38 million

Total Comprehensive Income: ₹72.90 million

Earnings Per Share (Face value ₹2 each):

  • Basic EPS: ₹1.39
  • Diluted EPS: ₹1.39

Paid-up Equity Share Capital: ₹104.47 million

Consolidated Financial Results (Quarter Ended June 30, 2026)

Income:

  • Revenue from operations: ₹988.50 million
  • Other income: ₹1.61 million
  • Total income: ₹990.11 million

Expenses:

  • Cost of materials consumed: ₹990.38 million
  • Changes in inventories: ₹(167.02) million
  • Employee benefits expense: ₹70.64 million
  • Finance costs: ₹28.83 million
  • Depreciation and amortization: ₹51.27 million
  • Other expenses: ₹61.44 million
  • Total expenses: ₹1,075.54 million

Profitability:

  • Profit/(Loss) before tax: ₹(85.43) million
  • Tax expense: ₹(6.69) million
  • Current tax: ₹26.63 million
  • Deferred tax: ₹(33.32) million
  • Tax relating to prior years: ₹0.00 million
  • Profit/(Loss) for the period: ₹(78.74) million

Other Comprehensive Income: ₹(2.62) million

Total Comprehensive Income: ₹(81.36) million

Earnings Per Share (Face value ₹2 each):

  • Basic EPS: ₹(1.56)
  • Diluted EPS: ₹(1.56)

Paid-up Equity Share Capital: ₹104.47 million

Significant Accounting Policy Change

The Company changed its inventory valuation method from Weighted Average Cost to First-In, First-Out (FIFO) method effective April 1, 2026. The change was applied prospectively due to the complexity of the manufacturing process involving:

  • Continuous distillation process with production cycles up to 45 days
  • Multi-stage production with multiple outputs
  • Joint product and by-product costing
  • Interdependent processing cycles

The carrying value of inventory as at the beginning of the year (determined under Weighted Average Cost method) was considered as deemed cost for applying FIFO. Comparative information for prior periods has not been restated as retrospective application was deemed impracticable.

Subsidiaries Included in Consolidation

The consolidated financial results include:

1. Gem Aromatics LLC (Subsidiary)

2. Krystal Ingredients Private Limited (Subsidiary)

Additional Information

The financial results are available on:

  • Stock Exchange websites: www.nseindia.com and www.bseindia.com
  • Company website: www.gemaromatics.com