Key Financial Results - Standalone (Quarter Ended June 30, 2026)
Income Statement Performance
- Total Income: ₹256.50 crore (compared to ₹270.62 crore in previous quarter and ₹284.27 crore YoY)
- Revenue from Operations: ₹252.56 crore
- Other Income: ₹3.94 crore
- Total Expenses: ₹225.11 crore
- Cost of Materials Consumed: ₹184.11 crore
- Changes in Inventories: (₹54.07) crore (negative indicates decrease in inventories)
- Employee Benefits Expense: ₹17.46 crore
- Finance Cost: ₹2.61 crore
- Depreciation and Amortization: ₹5.72 crore
- Other Expenses: ₹69.28 crore
- Profit Before Tax: ₹31.39 crore (compared to ₹39.17 crore in previous quarter and ₹47.62 crore YoY)
- Tax Expense: ₹8.32 crore
- Current Tax: ₹9.32 crore
- Deferred Tax: (₹1.00) crore
- Profit After Tax: ₹23.07 crore (compared to ₹31.76 crore in previous quarter and ₹35.38 crore YoY)
- Other Comprehensive Income: ₹0.10 crore
- Total Comprehensive Income: ₹23.17 crore
Key Metrics
- Earnings Per Share (Basic): ₹2.00 (compared to ₹2.76 in previous quarter and ₹3.07 YoY)
- Earnings Per Share (Diluted): ₹2.00
- Paid-up Equity Share Capital: ₹11.52 crore (face value ₹1 each)
Key Financial Results - Consolidated (Quarter Ended June 30, 2026)
Consolidated Entities
1. India Pesticides Limited (Holding Company)
2. Shalvis Specialities Limited (Subsidiary)
3. Amana Specialities Private Limited (Subsidiary)
Performance Highlights
- Total Income: ₹255.78 crore (compared to ₹270.58 crore in previous quarter and ₹284.10 crore YoY)
- Revenue from Operations: ₹251.76 crore
- Other Income: ₹4.02 crore
- Profit Before Tax: ₹30.85 crore (compared to ₹37.86 crore in previous quarter and ₹47.08 crore YoY)
- Tax Expense: ₹8.08 crore
- Current Tax: ₹9.32 crore
- Deferred Tax: (₹1.24) crore
- Profit After Tax: ₹22.77 crore (compared to ₹30.61 crore in previous quarter and ₹34.91 crore YoY)
- Total Comprehensive Income: ₹22.87 crore
- Attributable to Owners: ₹22.84 crore
- Attributable to Non-controlling Interest: ₹0.03 crore
- Earnings Per Share (Basic): ₹1.98 (compared to ₹2.66 in previous quarter and ₹3.03 YoY)
- Earnings Per Share (Diluted): ₹1.98
Subsidiary Performance
Two subsidiaries (Shalvis Specialities Limited and Amana Specialities Private Limited) reported:
- Total Revenue: ₹0.21 crore
- Total Net Loss after tax: (₹0.34) crore
- Total Other Comprehensive Loss: (₹0.34) crore
Regulatory and Compliance Matters
Income Tax Proceedings
The Income Tax Department conducted search proceedings under Section 132 of the Income-tax Act, 1961 in December 2024. No assets were seized during the search.
Tax Demand and Appeal
- Received notice dated September 4, 2025 under Section 158BC for block period April 1, 2018 to February 10, 2025
- Company filed return declaring undisclosed income of ₹0.18 crore and deposited corresponding tax
- Assessing Officer made additions of ₹10.12 crore to undisclosed income (₹7.47 crore under Section 69 + ₹2.65 crore profit from unaccounted sales for FY 2024-25)
- Additional tax demand including interest: ₹7.10 crore (net of additional tax paid of ₹0.18 crore)
- Company filed appeal before Joint Commissioner (Appeals)/Commissioner of Income-tax (Appeals), Lucknow on July 24, 2026
- Financial impact not quantifiable pending final assessment proceedings
Additional Notes
- Other income for quarter ended June 30, 2025 included ₹2.29 crore from settlement of insurance claim under litigation since FY 2013-14
- Employee benefits expense for year ended March 31, 2026 included incremental charge of ₹0.60 crore (Gratuity: ₹0.39 crore, Leave Encashment: ₹0.21 crore) due to assessment of Labour Codes impact
- Figures for previous periods have been regrouped/reclassified where necessary
- Audit conducted by Suresh Surana & Associates LLP (Firm Reg. No. 121750W1W100010)
Board Meeting Details
- Meeting held on August 1, 2026 (Saturday)
- Commenced at 5:00 PM IST, concluded at 7:00 PM IST
- Results reviewed by Audit Committee and approved by Board of Directors