Financial Performance Highlights (Quarter Ended 30th September 2026)

  • Revenue from operations: ₹74.39 crore
  • Other income: ₹28.45 lakh
  • Total income: ₹74.67 crore
  • Profit before tax: ₹3.00 crore
  • Tax expense: ₹75.51 lakh (deferred tax)
  • Net profit for the quarter: ₹2.25 crore
  • Earnings per share (Basic): ₹0.76
  • Earnings per share (Diluted): ₹0.76

Comparative Financial Performance

Quarter Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue decreased from ₹91.27 crore to ₹74.39 crore
  • Net profit increased from ₹2.14 crore to ₹2.25 crore

Half-Year Comparison (H1 FY27 vs H1 FY26):

  • Revenue: ₹165.66 crore vs ₹160.26 crore
  • Net profit: ₹4.39 crore vs ₹3.34 crore
  • EPS (Basic): ₹1.52 vs ₹1.30

Capital Structure Changes

  • Paid-up equity share capital increased to ₹31.96 crore as of 30th September 2026 from ₹28.46 crore as of 31st March 2026
  • Other equity increased to ₹41.60 crore from ₹26.90 crore

Balance Sheet Position (as of 30th September 2026)

  • Total assets: ₹129.93 crore (vs ₹131.61 crore as of 31st March 2026)
  • Non-current assets: ₹61.51 crore
  • Current assets: ₹68.42 crore
  • Total equity: ₹73.56 crore
  • Non-current liabilities: ₹6.66 crore
  • Current liabilities: ₹49.70 crore

Cash Flow Statement (Half-Year Ended 30th September 2026)

  • Net cash used in operating activities: ₹(5.36) crore
  • Net cash used in investing activities: ₹(6.92) crore
  • Net cash from financing activities: ₹13.37 crore
  • Net increase in cash: ₹1.09 crore
  • Cash and cash equivalents at period end: ₹11.37 crore

Significant Contingent Liability - Milk Cess Matter

The company has an ongoing legal dispute with the Government of Haryana regarding milk cess liability under the Haryana Murrah Buffalo and other Milch Animal Breed Act, 2001:

  • Special Leave Petition pending before Supreme Court with interim stay granted in September 2012
  • Last demand notice received for ₹544.31 crore (including compounded interest) as of 31st December 2023
  • Company provided ₹15.75 lakh during current quarter, bringing total provision to ₹22.17 crore as of 30th September 2026
  • ₹9.91 crore already deposited as per court orders

Business Segment

The company is primarily engaged in manufacturing of milk & milk products, which constitutes a single reportable segment.