Nature of the Event

Mehul Colours Limited (formerly known as Mehul Colours and Masterbatches Limited) submitted its unaudited standalone financial results for the half year ended September 30, 2026 to BSE Limited. The results were approved by the Board of Directors at their meeting held on November 7, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results Summary (INR in Lakhs)

Half Year Performance Comparison

  • Revenue from Operations: ₹1,699.64 (H1 FY27) vs ₹1,421.40 (H1 FY26) - 19.6% increase
  • Other Income: ₹45.55 (H1 FY27) vs ₹37.73 (H1 FY26)
  • Total Income: ₹1,745.20 (H1 FY27) vs ₹1,459.14 (H1 FY26)
  • Cost of Material Consumed: ₹1,181.11 (H1 FY27) vs ₹732.56 (H1 FY26) - 61.2% increase
  • Employee Benefits Expenses: Not separately quantified for H1 FY27 vs ₹100.89 (H1 FY26)
  • Finance Costs: ₹109.53 (H1 FY27) vs ₹1.11 (H1 FY26) - significant increase
  • Depreciation Expense: ₹37.57 (H1 FY27) vs ₹15.51 (H1 FY26)
  • Other Expenses: ₹175.63 (H1 FY27) vs ₹162.13 (H1 FY26)
  • Total Expenses: ₹1,510.86 (H1 FY27) vs ₹1,014.58 (H1 FY26)
  • Profit Before Tax: ₹234.34 (H1 FY27) vs ₹444.56 (H1 FY26) - 47.3% decrease
  • Tax Expense: ₹76.02 (H1 FY27) vs ₹115.27 (H1 FY26)
  • Net Profit: ₹158.32 (H1 FY27) vs ₹329.29 (H1 FY26) - 51.9% decrease

Earnings Per Share

  • H1 FY27: ₹1.50 (basic and diluted)
  • H1 FY26: ₹3.12 (basic and diluted)
  • Full Year FY26: ₹4.95 (basic and diluted)

Balance Sheet Position (as at September 30, 2026)

Equity and Liabilities (INR in Lakhs)

  • Share Capital: ₹1,054.90 (unchanged from March 31, 2026)
  • Reserves and Surplus: ₹3,230.21 (vs ₹3,071.89 as at March 31, 2026)
  • Long-Term Borrowings: ₹212.71 (vs ₹65.59 as at March 31, 2026)
  • Short-Term Borrowings: ₹65.54 (vs ₹130.58 as at March 31, 2026)
  • Trade Payables: ₹179.17 (₹75.10 to micro/small enterprises + ₹104.07 to others)
  • Total Equity and Liabilities: ₹4,954.90 (vs ₹4,521.28 as at March 31, 2026)

Assets (INR in Lakhs)

  • Property, Plant and Equipment: ₹1,101.90 (vs ₹395.29 as at March 31, 2026)
  • Non-Current Investments: ₹1,320.11 (vs ₹947.25 as at March 31, 2026)
  • Current Investments: ₹400.00 (vs ₹300.00 as at March 31, 2026)
  • Inventories: ₹271.88 (vs ₹233.85 as at March 31, 2026)
  • Trade Receivables: ₹708.05 (vs ₹795.80 as at March 31, 2026)
  • Cash and Bank Balance: ₹838.78 (vs ₹1,433.05 as at March 31, 2026)
  • Total Assets: ₹4,954.90 (vs ₹4,521.28 as at March 31, 2026)

Cash Flow Statement (H1 FY27)

  • Net Cash from Operating Activities: ₹508.46 inflow
  • Net Cash from Investing Activities: ₹1,176.20 outflow
  • Net Cash from Financing Activities: ₹73.47 inflow
  • Net Decrease in Cash: ₹594.27
  • Cash at End of Period: ₹838.78

Key Notes and Disclosures

1. The financial results were reviewed by the Audit Committee and approved by the Board on November 7, 2026.

2. Statutory Auditors YMS & Co. LLP conducted a limited review and issued an unmodified opinion.

3. The company has only one reportable segment - manufacturing of masterbatches.

4. The company is exempt from IND AS adoption as it is listed on BSE SME exchange.

5. EPS is calculated on weighted average share capital outstanding during the period.

6. No exceptional or extraordinary items were reported for the period.

7. No investor complaints were received during H1 FY27.

8. The company has no subsidiaries, associates, or joint ventures as of September 30, 2026.

9. Figures for the six months ended March 31, 2026 are balancing figures between audited full year and unaudited H1 FY26 figures.