Standalone Financial Results (₹ in Lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: ₹97,339.04
  • Other income: ₹112.12
  • Total income: ₹97,451.16
  • Profit before tax: ₹7,318.94
  • Total tax expense: ₹873.75
  • Profit for the period: ₹6,445.19
  • Total comprehensive income: ₹6,471.63
  • Basic EPS: ₹1.00
  • Diluted EPS: ₹0.96

Comparative Figures:

  • March 31, 2026 (Unaudited): Revenue ₹85,440.05, Profit ₹9,407.67
  • June 30, 2025 (Unaudited): Revenue ₹67,256.24, Profit ₹573.07
  • March 31, 2026 (Audited): Revenue ₹3,13,741.12, Profit ₹12,515.19

Consolidated Financial Results (₹ in Lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: ₹97,344.61
  • Other income: ₹108.01
  • Total income: ₹97,452.62
  • Profit before tax: ₹7,350.73
  • Total tax expense: ₹882.83
  • Profit for the period: ₹6,467.90
  • Total comprehensive income: ₹6,496.14
  • Basic EPS: ₹1.01
  • Diluted EPS: ₹0.97

Comparative Figures:

  • March 31, 2026 (Unaudited): Revenue ₹84,959.19, Profit ₹9,240.72
  • June 30, 2025 (Unaudited): Revenue ₹67,809.48, Profit ₹653.45
  • March 31, 2026 (Audited): Revenue ₹3,13,836.39, Profit ₹12,701.24

Significant Transactions During Quarter

Private Placement (April 30, 2026):

  • Issued 5,43,789 Equity Shares and 2,50,00,000 Compulsorily Convertible Preference Shares (CCPS) of ₹2 each to Jongsong Investments Pte. Ltd. for primary consideration of ₹35,700.00 lakhs
  • Promoters transferred 89,43,903 Equity Shares to the Investor by secondary sale for consideration of ₹12,500.00 lakhs
  • Approved by shareholders at EGM held on April 24, 2026

Post-Quarter IPO Completion:

  • Fresh Issue of 10,20,14,622 Equity Shares at ₹140 per share (aggregating ₹1,42,800 lakhs)
  • Offer for Sale of 89,28,570 Equity Shares by Promoter Selling Shareholders (aggregating ₹12,500 lakhs)
  • Equity shares listed on NSE and BSE on August 18, 2026
  • CCPS converted into Equity Shares on July 22, 2026

Net IPO Proceeds:

  • Gross proceeds to company: ₹1,91,020.47 lakhs
  • Less offer-related expenses: ₹10,644.04 lakhs
  • Net proceeds: ₹1,80,376.43 lakhs

Tax Regime Change

Effective April 1, 2026, the company opted to pay tax under Section 200 of the Income Tax Act, 2025 at the applicable tax rate of 25.168%. This resulted in remeasurement of deferred tax assets/liabilities and impact recognized in Q1 profit and loss.

Segment Information

The company's business activities are primarily related to processing of milk and manufacturing of milk-related products, assessed as a single reportable operating segment under Ind AS 108.

Subsidiary Information

The consolidated results include Asal Food Products Private Limited, a 100% subsidiary.

Auditor's Review

VKS Aiyer & Co., Chartered Accountants conducted a limited review and issued an unmodified report. The auditors noted that comparative figures for quarters ended March 31, 2026 and June 30, 2025 were derived by management and not subjected to review or audit, as quarterly reporting requirements became applicable only from the quarter ended June 30, 2026 post-listing.