Material Corporate Developments

Migration to Main Board: The Company completed its migration from the SME Platform to the Main Board of the stock exchanges on March 12, 2026.

Bonus Issue: During the quarter, the Company issued 10,27,91,160 fully paid-up equity shares of ₹10 each as bonus shares in the ratio of 10:1. The bonus issue has been given retrospective effect in the computation of basic and diluted EPS in accordance with Ind AS 33.

Exit from LLP Investments: Effective April 1, 2026, the Company ceased to be a partner in Asia Bio Fuels LLP and Parth Renewable Energy LLP (in which it held 55% partnership interest) by disposing of its interest at carrying cost. These entities ceased to be consolidated in the Group's financial results from Q1 FY27, including comparative periods.

Financial Performance

Consolidated Results (₹ Crore)

| Particulars | Q1 FY27 | Q1 FY26 | YoY % Change |

| Total Income | 91.98 | 82.46 | 11.54% |

| EBITDA | 11.72 | 10.32 | 13.57% |

| EBITA Margin | 12.74% | 12.51% | 23 bps |

| PAT | 4.46 | 4.09 | 9.05% |

| PAT Margin | 4.85% | 4.96% | (11 bps) |

Standalone Results (₹ Crore)

| Particulars | Q1 FY27 | Q1 FY26 | YoY % Change |

| Total Income | 84.92 | 76.74 | 10.66% |

| EBITDA | 7.16 | 7.38 | (2.98%) |

| EBITDA Margin | 8.43% | 9.62% | (119 bps) |

| PAT | 1.06 | 1.15 | (7.83%) |

| PAT Margin | 1.25% | 1.50% | (25 bps) |

Industry Outlook

India's biodiesel market was USD 497 million in 2025 and is projected to reach USD 950 million by 2034, implying a 7.45% CAGR. Industry growth is supported by the National Policy on Biofuels, including the 5% biodiesel blending target by 2030, increasing OMC procurement and growing demand for cleaner fuels.

Management Commentary

Mr. Gaurang Rameshchandra Shah, Chairman & Managing Director, commented:

  • Consolidated revenue increased 11.5% YoY to ₹91.98 Crores and PBT rose 30.6% YoY to ₹7.47 Crores
  • Standalone profitability was impacted by prevailing international price differential between fossil fuels and biofuels
  • Domestic biodiesel consumption continued to increase, expected to remain stable over next 12 months
  • Business visibility remains strong with existing ₹173.45 Crores OMC order book
  • OMC tender extended by another two months providing additional execution visibility
  • Aspiration to deliver 25-30% revenue CAGR and 18-22% EBITDA margin over next three years
  • Focused on disciplined execution and leveraging increasing demand for cleaner and renewable fuels

Company Background

Kotyark Industries Limited, incorporated in 2016, is engaged in manufacturing of biodiesel and value-added by-products with facilities in Rajasthan and Gujarat. The Company operates an integrated, multi-feedstock manufacturing platform capable of processing approximately 10-15 different raw materials including Used Cooking Oil (UCO), acid oils and non-edible oils. Manufacturing facilities are located in Sirohi, Rajasthan and Anand, Gujarat. The Company serves three key customer segments: Oil Marketing Companies (OMCs), bulk buyers and industrial customers.