Financial Results Overview

Standalone Financial Performance (Year Ended March 31, 2026)

  • Revenue from operations: ₹203.13 crore (compared to ₹86.53 crore in FY25)
  • Total income: ₹205.16 crore (including other income of ₹2.03 crore)
  • Profit before tax: ₹218.55 crore
  • Tax expense: ₹52.21 crore (Current tax: ₹46.09 crore, Deferred tax: ₹6.12 crore)
  • Net profit: ₹166.34 crore
  • Earnings per share (basic and diluted): ₹6.91 (face value of ₹10 each)

Half-Yearly Standalone Performance (March 31, 2026)

  • Revenue from operations: ₹107.57 crore
  • Total income: ₹108.59 crore
  • Profit before tax: ₹106.25 crore
  • Net profit: ₹82.26 crore
  • EPS: ₹3.42

Consolidated Financial Performance (Year Ended March 31, 2026)

  • Revenue from operations: ₹203.13 crore
  • Total income: ₹205.16 crore
  • Profit before tax: ₹217.23 crore
  • Tax expense: ₹52.21 crore
  • Net profit: ₹165.03 crore
  • EPS: ₹6.86

Balance Sheet Position (Standalone as at March 31, 2026)

Equity and Liabilities

  • Share capital: ₹24.06 crore (increased from ₹17.56 crore in FY25)
  • Reserves & surplus: ₹107.58 crore (increased from ₹40.93 crore)
  • Long-term borrowings: ₹30.03 crore (decreased from ₹48.30 crore)
  • Short-term borrowings: ₹98.05 crore (increased from ₹83.91 crore)
  • Total liabilities: ₹290.14 crore (increased from ₹213.77 crore)

Assets

  • Property, plant & equipment: ₹108.39 crore
  • Intangible assets: ₹0.10 crore
  • Capital work-in-progress: ₹11.49 crore
  • Inventories: ₹78.42 crore
  • Trade receivables: ₹37.17 crore
  • Cash and bank balance: ₹33.76 crore
  • Total assets: ₹290.14 crore

Cash Flow Statement (Standalone FY26)

  • Net cash from operating activities: ₹6.06 crore
  • Net cash used in investing activities: ₹(17.71) crore
  • Net cash from financing activities: ₹10.97 crore
  • Net decrease in cash: ₹(0.67) crore
  • Cash equivalents at year-end: ₹0.48 crore

Key Financial Ratios and Metrics

  • Basic and diluted EPS consistent at ₹6.91 for standalone and ₹6.86 for consolidated
  • Face value per share: ₹10
  • No extraordinary items reported during the period

Capital Structure Changes

  • Share capital increased from ₹17.56 crore to ₹24.06 crore during FY26
  • Proceeds from issue of shares: ₹62.94 crore
  • Public issue expenses: ₹6.29 crore
  • Fixed deposits from issue of shares: ₹32.19 crore

Legal and Contingent Matters

  • Two pending litigations with GST Department where stay petitions have been filed and stay granted by Hon'ble Court
  • No long-term contracts with material foreseeable losses
  • No amounts required to transfer to Investor Education and Protection Fund

Audit and Internal Controls

  • Auditors expressed unmodified opinion on financial statements
  • Adequate internal financial controls maintained with operating effectiveness
  • Audit trail feature in accounting software operational throughout the year without tampering
  • No significant deficiencies in internal controls reported

Management Certification

  • MD & CFO certified financial statements as true and fair without misleading statements
  • No fraudulent or illegal transactions detected
  • No significant changes in internal controls or accounting policies
  • No instances of significant fraud involving management

Subsidiary Information

  • Consolidated results include Glen Paper Products Private Limited and Glen Realty Private Limited
  • Consolidated share capital: ₹32.20 crore
  • Consolidated reserves & surplus: ₹107.41 crore

Notes to Financial Results

  • Figures for half-year ended March 31, 2026 are balancing figures between audited full year and unaudited previous half-year
  • Previous year figures regrouped/reclassified for comparability
  • Results prepared in accordance with Accounting Standards under Companies Act, 2013