Financial Results Overview

The Board considered and approved the Audited Standalone Financial Results for the Quarter and Financial Year ended March 31, 2026:

Quarter Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹14,313.18 lakhs
  • Total Income: ₹14,425.49 lakhs
  • Profit before tax: ₹1,142.75 lakhs
  • Profit for the period: ₹844.39 lakhs
  • Basic and diluted EPS: ₹84.44

Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹53,206.01 lakhs (vs. ₹48,940.93 lakhs in FY25)
  • Total Income: ₹53,866.20 lakhs (vs. ₹49,572.05 lakhs in FY25)
  • Profit before tax: ₹3,884.54 lakhs (vs. ₹3,207.17 lakhs in FY25)
  • Profit for the year: ₹2,866.48 lakhs (vs. ₹2,494.11 lakhs in FY25)
  • Basic and diluted EPS: ₹286.65 (vs. ₹249.41 in FY25)
  • Total comprehensive income: ₹2,848.69 lakhs (vs. ₹2,519.69 lakhs in FY25)

Segment Performance (FY26)

  • Explosives Segment: Revenue ₹45,766.61 lakhs, Segment Result ₹2,587.54 lakhs
  • Perlite Segment: Revenue ₹5,584.15 lakhs, Segment Result ₹290.42 lakhs
  • Other Operating Revenue: ₹1,855.25 lakhs

Dividend Declaration

The Board recommended a Final Dividend of ₹1.50 per share on 10,00,000 Equity Shares of ₹10 each for FY 2025-26, subject to shareholder approval at the ensuing 49th Annual General Meeting.

Key Appointments and Approvals

1. Re-appointment of Mr. Vijay Chowgule (DIN 00018903) as Director

2. Re-appointment of Mr. Santosh Chowgule (DIN 00097736) as Director

3. Appointment of M/s. B.P. Rao & Company and M/s. Kumar & Jayakrishnan as Internal Auditors for FY 2026-27

4. Appointment of M/s Sharvari Kulkarni and Associates as Scrutinizer for e-voting process

5. Appointment of Mr. Vikas Vinayak Deodhar as Cost Auditor for FY 2026-27 (21 years experience as Cost Accountant)

6. Approved Draft Board Report for year ending March 31, 2026

7. Fixed date for 49th Annual General Meeting

Audit Opinion

M/s CNK & Associates LLP, Statutory Auditors, issued an unmodified audit opinion on the Financial Results for FY 2025-26.

Exceptional Items

The Company recognized exceptional income of ₹317.76 lakhs in FY26 relating to refund of Anti-Dumping Duty (ADD) and interest paid in FY 2020-21. This follows a favorable order from CESTAT in April 2026 that set aside the order of the lower authority. The Company is filing refund applications for:

  • Duty: ₹233.42 lakhs
  • Interest: ₹84.35 lakhs
  • Amount paid under protest in FY 2024-25: ₹84.18 lakhs

The amount has been recognized as "Duty Receivable" under Other Financial Assets.

Labour Code Impact

The Company recognized an incremental impact of ₹8.51 lakhs on gratuity due to changes in wage definition under the new Labour Codes notified on November 21, 2025.

Financial Position (as of March 31, 2026)

  • Total Assets: ₹35,533.75 lakhs (vs. ₹28,728.79 lakhs in FY25)
  • Total Equity: ₹15,294.66 lakhs (vs. ₹12,460.97 lakhs in FY25)
  • Total Liabilities: ₹20,239.09 lakhs (vs. ₹16,267.82 lakhs in FY25)
  • Cash and cash equivalents: ₹1,498.42 lakhs (vs. ₹1,163.50 lakhs in FY25)

Cash Flow (FY26)

  • Net cash inflow from operating activities: ₹4,850.02 lakhs
  • Net cash outflow from investing activities: ₹(7,502.50) lakhs
  • Net cash inflow from financing activities: ₹3,334.92 lakhs

Meeting Details

The Board Meeting commenced at 11:00 AM and concluded at 2:45 PM on May 27, 2026.