Financial Results for Year Ended March 31, 2026

Income Statement Highlights (₹ in Lakhs)

  • Revenue from operations: ₹6,657.04 (FY25: ₹7,074.87) - decrease of 5.9%
  • Other income: ₹364.84 (FY25: ₹605.78)
  • Total income: ₹7,021.88 (FY25: ₹7,680.65)
  • Profit before tax: ₹1,393.80 (FY25: ₹1,969.39) - decrease of 29.2%
  • Tax expense: ₹356.05 (FY25: ₹503.80)
  • Net profit after tax: ₹1,042.75 (FY25: ₹1,465.49) - decrease of 28.8%
  • Total comprehensive income: ₹1,041.11 (FY25: ₹1,461.46)

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Revenue from operations: ₹1,775.60 (Q4 FY25: ₹1,352.98)
  • Profit before tax: ₹258.52 (Q4 FY25: ₹441.06)
  • Net profit after tax: ₹198.73 (Q4 FY25: ₹328.08)
  • EPS (Basic): ₹1.57 (Q4 FY25: ₹2.60)

Balance Sheet Position (as at March 31, 2026)

  • Paid-up equity share capital: ₹1,262.00 lakhs (unchanged from FY25)
  • Reserves: ₹7,630.09 lakhs (FY25: ₹6,588.98 lakhs)
  • Total equity: ₹8,892.09 lakhs (FY25: ₹7,850.98 lakhs)
  • Total assets: ₹10,334.86 lakhs (FY25: ₹8,858.33 lakhs)
  • Cash and cash equivalents: ₹6,212.25 lakhs (FY25: ₹4,847.95 lakhs)

Cash Flow Statement (FY26)

  • Cash from operating activities: ₹1,258.32 lakhs
  • Cash from investing activities: ₹105.98 lakhs
  • Cash used in financing activities: ₹(7,067.20) lakhs (primarily dividend payments)
  • Net increase in cash: ₹1,364.30 lakhs

Director Appointment

  • Appointment: Mr. Vimal Mishra (DIN: 11632889) as Additional Director (Non-Executive, Non-Independent)
  • Effective date: May 22, 2026
  • Status: Subject to shareholder approval
  • Background: Mechanical engineering graduate with PG Diploma in Business Management, 26 years experience in specialty materials industry, currently leads MOLYKOTE®, Vespel®, and MULTIBASE™ businesses for DuPont in South Asia
  • Relationship: Not related to any other director of the company
  • Compliance: Not debarred from holding director office by SEBI or any other authority

Auditor Report

  • Auditor: MSKA & Associates LLP (ICAI Firm Registration No. 105047W)
  • Opinion: Unmodified opinion on audited financial results for year ended March 31, 2026
  • Declaration: CFO Ashish Bhatt provided declaration confirming unmodified opinion

Significant Accounting Notes

Retrospective Price Adjustment

  • Recognized credit note of ₹176.41 lakhs in Q3 FY26 from parent entity for transfer pricing adjustment
  • Previous year: ₹231.62 lakhs recognized in Q4 FY25

Labor Code Implementation Impact

  • Government consolidated 29 labor legislations into four codes effective November 21, 2025
  • Company recognized incremental impact as guided by ICAI
  • Provisions created: Gratuity ₹35.42 lakhs, Provident Fund ₹3.45 lakhs
  • Total impact: ₹38.87 lakhs recognized in FY26 results

Segment Information

  • Single reportable segment: Manufacture and sale of Thermoplastic Elastomers and Silicon-based products
  • Revenue geography: India ₹6,445.00 lakhs (96.8%), Outside India ₹212.04 lakhs (3.2%)
  • All non-current assets located within India: ₹1,357.06 lakhs