Approved Items

1. Unaudited Financial Results: The Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. The results were reviewed by the Audit Committee and come with a Limited Review Report from the statutory auditors, M/s Pipara & Co LLP.

2. Solar Power Project: The Board approved the installation of an additional 14 MWp Solar Power Project for captive consumption. The project will be located at the Gandhidham Plant, Gujarat (10 MWp) and the Mangalore Plant, Karnataka (4 MWp). The total capital outlay is ₹38 crore plus applicable taxes. The rationale provided is for energy reliability, sustainability (ESG goals), and power cost savings. The project is to be completed within 12 months and will be financed through internal accruals.

3. ESOP Grant: The Nomination & Remuneration Committee granted 8,47,800 stock options to eligible employees pursuant to the 'Gokul- Employee Stock Option Plan 2025' (ESOP Plan 2025). The scheme is in compliance with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.

Detailed Financial Results (Consolidated)

For the quarter ended September 30, 2026 (Q2 FY27):

  • Total Income: ₹7,49,223.56 Lakhs
  • Revenue from Operations: ₹7,48,102.23 Lakhs
  • Other Income: ₹1,121.33 Lakhs
  • Total Expenses: ₹7,29,686.55 Lakhs
  • Profit Before Tax: ₹19,537.01 Lakhs
  • Tax Expense: ₹4,886.77 Lakhs (Current Tax: ₹4,645.83 Lakhs, Deferred Tax: ₹240.01 Lakhs, Excess/Short Provision: ₹0.93 Lakhs)
  • Net Profit After Tax: ₹14,650.23 Lakhs
  • Other Comprehensive Income: ₹382.98 Lakhs
  • Share of Profit/(Loss) of Associates: (₹30.09) Lakhs
  • Net Profit after taxes, minority interest, and share of profit/(loss) of associates: ₹15,003.12 Lakhs
  • Paid-up Equity Share Capital: ₹2,950.87 Lakhs (Face Value ₹1 each)
  • Earnings Per Share (Basic & Diluted): ₹4.95

Half Year ended September 30, 2026 (H1 FY27):

  • Total Income: ₹12,78,724.19 Lakhs
  • Net Profit After Tax: ₹26,946.85 Lakhs
  • Net Profit after taxes, minority interest, and share of profit/(loss) of associates: ₹27,377.17 Lakhs
  • Earnings Per Share (Basic & Diluted): ₹9.11

Comparative Figures (Q2 FY26):

  • Total Income: ₹6,64,742.93 Lakhs
  • Net Profit After Tax: ₹10,131.86 Lakhs
  • Net Profit after taxes, minority interest, and share of profit/(loss) of associates: ₹10,733.28 Lakhs
  • Earnings Per Share (Basic & Diluted): ₹3.43

Detailed Financial Results (Standalone)

For the quarter ended September 30, 2026 (Q2 FY27):

  • Total Income: ₹6,83,183.72 Lakhs
  • Net Profit After Tax: ₹12,928.96 Lakhs
  • Paid-up Equity Share Capital: ₹2,950.87 Lakhs
  • Earnings Per Share (Basic & Diluted): ₹4.38

Half Year ended September 30, 2026 (H1 FY27):

  • Total Income: ₹11,91,810.86 Lakhs
  • Net Profit After Tax: ₹23,186.47 Lakhs
  • Earnings Per Share (Basic & Diluted): ₹7.86

Consolidated Statement of Assets and Liabilities (as of September 30, 2026)

  • Total Assets: ₹7,60,659.61 Lakhs (Previous FY: ₹4,92,841.66 Lakhs)
  • Total Equity: ₹1,69,658.22 Lakhs (Previous FY: ₹1,42,281.06 Lakhs)
  • Total Liabilities: ₹5,91,001.39 Lakhs (Non-current: ₹34,427.87 Lakhs, Current: ₹5,56,573.51 Lakhs)

ESOP Grant Details

  • Number of Options Granted: 8,47,800
  • Exercise Price: ₹50 per option
  • Vesting Period: Not earlier than one year and not later than five years from the date of grant.
  • Exercise Window: Two years from the date of vesting.
  • The plan is administered by the Nomination and Remuneration Committee.

Auditor's Review

Pipara & Co LLP conducted a limited review of the financial results. Their report includes a reliance on management-certified financials for two subsidiaries, two step-down subsidiaries, and one associate of a step-down subsidiary. These entities collectively represented total assets of ₹84,640.23 Lakhs and a net profit after tax of ₹1,817.02 Lakhs for the quarter. The auditor's conclusion is not modified due to this reliance.