Board Meeting Details

The Board of Directors meeting was held on Monday, 26th October 2026, commencing at 05:30 PM IST and concluding at 06:30 PM IST.

Financial Results Overview

Quarterly Performance (Q2 FY2027)

  • Revenue from operations: Rs 2,037.09 lakhs (Net sales) + Rs 51.66 lakhs (Other income) = Total Income: Rs 2,088.75 lakhs
  • Total expenses: Rs 1,437.52 lakhs
  • Profit before tax: Rs 651.23 lakhs
  • Tax expense: Rs 29.70 lakhs (Deferred tax)
  • Net profit: Rs 621.53 lakhs
  • Basic EPS: Rs 2.28
  • Diluted EPS: Rs 2.28

Half-Yearly Performance (H1 FY2027)

  • Revenue from operations: Rs 6,185.13 lakhs (Net sales) + Rs 188.04 lakhs (Other income) = Total Income: Rs 6,373.17 lakhs
  • Total expenses: Rs 5,703.72 lakhs
  • Profit before tax: Rs 669.45 lakhs
  • Tax expense: Rs 32.42 lakhs (Deferred tax)
  • Net profit: Rs 637.03 lakhs
  • Basic EPS: Rs 2.33
  • Diluted EPS: Rs 2.33

Comparative Performance

Compared to previous periods:

  • Q2 FY2026: Net loss of Rs (362.49) lakhs
  • H1 FY2026: Net loss of Rs (332.10) lakhs
  • FY2026: Net loss of Rs (710.85) lakhs

Expense Breakdown (H1 FY2027)

  • Cost of materials consumed: Rs 4,757.71 lakhs
  • Changes in inventories: Rs (733.44) lakhs
  • Employee benefits expense: Rs 316.89 lakhs
  • Finance cost: Rs 494.23 lakhs
  • Depreciation and amortization: Rs 410.47 lakhs
  • Other expenses: Rs 457.85 lakhs

Balance Sheet Position (as at September 30, 2026)

  • Total assets: Rs 27,207.10 lakhs
  • Non-current assets: Rs 17,023.95 lakhs (including Property, plant and equipment: Rs 15,966.97 lakhs)
  • Current assets: Rs 10,183.14 lakhs (including Inventories: Rs 4,601.92 lakhs)
  • Total equity: Rs 14,850.44 lakhs
  • Non-current liabilities: Rs 3,925.24 lakhs
  • Current liabilities: Rs 8,431.41 lakhs

Cash Flow Statement (H1 FY2027)

  • Net cash from operating activities: Rs 56.89 lakhs
  • Net cash used in investing activities: Rs (186.03) lakhs
  • Net cash from financing activities: Rs 90.13 lakhs
  • Net decrease in cash: Rs (39.01) lakhs
  • Cash and cash equivalents at end: Rs 1.36 lakhs

Auditor's Qualified Opinion

Statutory auditors M/s A R Sulakhe & Co (FRN: 110540W) issued a qualified conclusion noting:

  • Company valued certain inventories (Finished Goods) above cost, contrary to Ind AS 2 requirements
  • Overstatement of inventories as at September 30, 2026: Rs 899.59 lakhs
  • Impact on profit before tax for Q2 and H1: Overstated by Rs 614.81 lakhs
  • Impact on total equity: Overstated by Rs 899.59 lakhs (before tax effect)
  • Same issue was present in FY2026 audit (Rs 284.78 lakhs overstatement) and Q1 FY2027 review

Capital Structure

  • Paid-up equity share capital: Rs 2,730.44 lakhs
  • Face value per share: Rs 10.00
  • Number of shares: 273.044 lakh shares

Additional Information

  • Results prepared in accordance with Ind AS 34 "Interim Financial Reporting"
  • Company has one reportable business segment: Chemicals
  • Previous period figures have been regrouped/rearranged/recasted where necessary