Key Quantitative Figures
Standalone Financial Results (Quarter Ended June 30, 2026):
- Revenue from Operations: ₹354.49 crore (vs. ₹331.02 crore in Q1 FY26)
- Other Income: ₹0.95 crore (vs. ₹1.82 crore in Q1 FY26)
- Total Income: ₹355.43 crore (vs. ₹332.84 crore in Q1 FY26)
- Total Expenses: ₹329.33 crore (vs. ₹311.23 crore in Q1 FY26)
- Profit Before Tax: ₹260.97 crore (vs. ₹216.07 crore in Q1 FY26)
- Tax Expense: ₹64.66 crore
- Net Profit After Tax: ₹196.32 crore (vs. ₹162.31 crore in Q1 FY26)
- Other Comprehensive Income: ₹55.49 crore
- Total Comprehensive Income: ₹251.81 crore
- Basic EPS: ₹6.54 (vs. ₹5.41 in Q1 FY26)
- Diluted EPS: ₹6.54 (vs. ₹5.41 in Q1 FY26)
- Paid-up Equity Share Capital: ₹150.00 crore (face value ₹5 each)
Consolidated Financial Results (Quarter Ended June 30, 2026):
- Revenue from Operations: Not explicitly stated in summary table but segment revenue shows ₹796.61 crore
- Total Income: Not separately stated
- Total Expenses: ₹770.36 crore
- Profit Before Tax: ₹277.80 crore
- Tax Expense: ₹72.58 crore
- Net Profit After Tax: ₹205.22 crore
- Share of profit of joint venture: ₹10.54 crore
- Net Profit After Tax and share in profit of joint venture: ₹206.27 crore
- Attributed to Owners of the Company: ₹200.62 crore
- Attributed to Non-controlling interests: ₹5.66 crore
- Other Comprehensive Income: ₹80.54 crore
- Total Comprehensive Income: ₹286.82 crore
- Attributed to Owners of the Company: ₹274.92 crore
- Attributed to Non-controlling interests: ₹11.90 crore
- Basic EPS: ₹6.69
- Diluted EPS: ₹6.69
- Paid-up Equity Share Capital: ₹150.00 crore
Segment Results (Consolidated, Quarter Ended June 30, 2026):
- Castor Oil Segment Revenue: ₹443.74 crore
- Castor Oil Derivatives Segment Revenue: ₹351.62 crore
- Power Generation Segment Revenue: ₹1.24 crore
- Total Revenue From Operations: ₹796.61 crore
- Castor Oil Segment Results: ₹6.53 crore
- Castor Oil Derivatives Segment Results: ₹27.37 crore
- Power Generation Segment Results: ₹0.71 crore
- Total Segment Results: ₹34.60 crore
Dates of Action
- Board Meeting Date: July 31, 2026 (commenced at 6:00 PM IST, concluded at 7:15 PM IST)
- Financial Results Period: Quarter ended June 30, 2026
- Limited Review Report Date: July 31, 2026
Parties Involved
Board and Management Changes:
1. Mr. Nilesh Bhadrakumar Shah (DIN: 00322766) appointed as Additional Director (Non-Executive & Independent) effective July 31, 2026, for a term of 5 years up to July 30, 2031, subject to shareholder approval.
2. Mr. Dinesh Mathuradas Kapadia (DIN: 11803173) designation changed from Company Secretary and Compliance Officer to Additional Director (Whole-Time Director) effective August 1, 2026, for a period of 5 years up to July 31, 2031, subject to shareholder approval. He relinquished the office of Company Secretary and Compliance Officer effective July 31, 2026.
3. Mr. Krunal Girish Veni (Membership No: A35189) appointed as Company Secretary and Compliance Officer, Key Managerial Personnel (KMP) effective August 1, 2026. He will be authorized for determining materiality and making disclosures under Regulation 30 of SEBI (LODR).
Statutory Auditors:
M/s. T.P. Ostwal & Associates LLP, Chartered Accountants, conducted limited review of the financial results.
Subsidiaries and Joint Ventures (Consolidated Results):
The consolidated results include:
- Subsidiaries: Ihsedu Agrochem Private Limited, Ihsedu Coreagri Services Private Limited, Vithal Castor Polyols Private Limited (from May 21, 2026), Ihsedu Itoh Green Chemicals Marketing Private Limited, JACACO Private Limited, Jayant Speciality Products Private Limited
- Joint Venture: Vithal Castor Polyols Private Limited (up to May 20, 2026)
Financial and Operational Impact
- The company showed improved standalone performance with net profit increasing by 21% YoY
- Consolidated operations also showed profitability with ₹200.62 crore net profit attributed to owners
- The castor oil derivatives segment was the most profitable, contributing ₹27.37 crore to segment results
- The management changes represent a restructuring of the leadership team, with Mr. Kapadia moving to a director role and Mr. Veni taking over compliance functions
Capital Structure Impact
No changes to paid-up equity share capital were reported. The capital remains at ₹150.00 crore with face value of ₹5 per share.
Forward-looking Information
The document does not contain any explicit forward-looking guidance or management commentary beyond the approved results and appointments.