Auditor Review
The Statutory Auditors, MSKA & Associates LLP, have carried out a limited review of both the standalone and consolidated financial results and issued reports with an unmodified opinion dated November 02, 2026 (standalone) and November 07, 2026 (consolidated).
Necessary arrangements have been made for the publication of the results in newspapers in the SEBI-prescribed format.
Key Financial Figures (Standalone)
Quarter Ended September 30, 2026 (Q2 FY27):
- Revenue from Operations: ₹61.86 crore
- Other Income: ₹0.54 crore
- Total Income: ₹62.40 crore
- Total Expenses: ₹58.99 crore
- Profit Before Tax (PBT): ₹3.42 crore
- Tax Expense: ₹0.81 crore (Current), ₹-0.05 crore (Deferred)
- Profit for the Period: ₹2.65 crore
- Basic & Diluted EPS: ₹28.29
Half Year Ended September 30, 2026 (H1 FY27):
- Revenue from Operations: ₹113.88 crore
- Other Income: ₹1.06 crore
- Total Income: ₹114.94 crore
- Total Expenses: ₹106.82 crore
- Profit Before Tax (PBT): ₹6.12 crore
- Tax Expense: ₹1.26 crore (Current), ₹0.06 crore (Deferred)
- Profit for the Period: ₹4.81 crore
- Basic & Diluted EPS: ₹51.30
Comparative Figures (Q2 FY26):
- Revenue from Operations: ₹53.29 crore
- Profit for the Period: ₹2.38 crore
- Basic & Diluted EPS: ₹25.40
Key Financial Figures (Consolidated)
Quarter Ended September 30, 2026 (Q2 FY27):
- Revenue from Operations: ₹61.90 crore
- Profit for the Period: ₹2.55 crore
- Basic & Diluted EPS: ₹27.21
Half Year Ended September 30, 2026 (H1 FY27):
- Revenue from Operations: ₹113.98 crore
- Profit for the Period: ₹4.58 crore
- Basic & Diluted EPS: ₹48.93
Segment-Wise Performance (Standalone)
Revenue (Q2 FY27):
- Spirit, spirituous beverages and allied products: ₹34.29 crore
- Marine: ₹27.65 crore
- Total: ₹61.93 crore
- Less: Inter-segment revenue: ₹0.07 crore
- Revenue from Operations: ₹61.86 crore
Segment Results (Q2 FY27):
- Spirit, spirituous beverages and allied products: Profit of ₹4.57 crore
- Marine: Loss of ₹0.85 crore
Balance Sheet Highlights (Standalone as of September 30, 2026)
Assets:
- Total Assets: ₹98.34 crore
- Non-Current Assets: ₹40.04 crore
- Current Assets: ₹58.30 crore (including Inventories: ₹22.02 crore, Trade Receivables: ₹8.52 crore, Cash & Cash Equivalents: ₹1.47 crore)
Equity and Liabilities:
- Total Equity: ₹73.37 crore (Equity Share Capital: ₹9.37 crore, Other Equity: ₹72.43 crore)
- Total Liabilities: ₹24.97 crore
Cash Flow Statement (Standalone H1 FY27)
- Net Cash from Operating Activities: ₹5.70 crore
- Net Cash used in Investing Activities: ₹-21.99 crore
- Net Cash from Financing Activities: ₹0.41 crore
- Net Decrease in Cash: ₹-15.88 crore
Notes to the Financial Results
1. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).
2. The results for the Marine business are not strictly comparable to the previous corresponding quarter due to its seasonal nature.
3. Figures for previous periods have been regrouped/reclassified for comparability.
4. The financial results are available on the company's website (www.ifbagro.in) and the stock exchange websites.
Subsidiaries
The consolidated results include the following subsidiaries:
1. IFB Agro Marine FZE (Wholly owned, liquidated with effect from September 25, 2025)
2. IFB Agro Holding Pte. Ltd. (Wholly owned)
3. IFB Vietnam Company Ltd (Subsidiary of IFB Agro Holding Pte. Ltd.)
The financial results of IFB Vietnam Company Ltd and its subsidiary, which are located outside India and not reviewed by their auditors, are considered immaterial to the Group. They contributed a total income of ₹0.39 crore and a net loss of ₹1.04 crore for the quarter, and total income of ₹0.96 crore and a net loss of ₹2.24 crore for the half-year.