Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year Ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations
Audit Opinion:
Limited Review Report - No qualifications or modifications noted. Clean opinion with emphasis on matters.
Auditor’s Comment:
Auditors emphasized several matters including provisional recognition of subsidy income subject to final government determination, continued recognition of interest costs on GOI loans pending revival package approval, and provisional energy norms for subsidy calculation.
Key Financial Highlights [₹ in lakhs]:
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹96,274 (vs ₹51,037 in Q2 FY25 - 88.7% YoY increase)
- Total Income: ₹98,475 (vs ₹53,299 in Q2 FY25 - 84.8% YoY increase)
- Net Profit: ₹5,069 (vs ₹1,295 in Q2 FY25 - 291.4% YoY increase)
- EPS: ₹3.15 (vs ₹0.80 in Q2 FY25)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹1,77,675 (vs ₹1,18,245 in H1 FY25 - 50.3% YoY increase)
- Total Income: ₹1,81,121 (vs ₹1,21,774 in H1 FY25 - 48.7% YoY increase)
- Net Profit: ₹8,528 (vs ₹5,701 in H1 FY25 - 49.6% YoY increase)
- EPS: ₹5.29 (vs ₹3.54 in H1 FY25)
Financial Position as at September 30, 2026:
- Paid-up equity share capital: ₹16,110 lakh (Face Value ₹10 per Share)
- Other Equity: ₹1,509 lakh (improved from ₹(7,017) lakh as at March 31, 2026)
- Cash and Cash Equivalents: ₹30,056 lakh (increased from ₹14,191 lakh as at March 31, 2026)
- Total Borrowings: ₹79,964 lakh (increased from ₹63,424 lakh as at March 31, 2026)
Consolidated Results:
Not Specified (Document presents standalone results only)
Segment-wise Performance:
Fertilizer manufacture is the only main business segment and trading operations are less than 10% of total revenue. The Company operates in single geographical segment (India). Hence, no segment reporting required as per Ind AS 108.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.
Other Significant Information:
Plant Operations:
- Urea Plant: 1.17 days shutdown for maintenance and valve replacement
- Complex Fertilizer Plants: Entire quarter shutdown due to safety issues and manpower shortage
Labour Codes:
- Four new Labour Codes effective from November 21, 2025 with Central Rules notified on May 8, 2026
- Final financial impact will be assessed when state rules become fully effective
Employee Benefits:
- Provision for gratuity, post-retirement benefits and leave encashment made on estimated basis
- Liabilities to be computed annually by independent actuary using projected unit credit method