Financial Results - Standalone (₹ in Lakhs)
Quarter Ended June 30, 2026 (Unaudited):
- Revenue from operations: ₹14,086.93
- Other income: ₹367.05
- Total income: ₹14,453.98
- Total expenses: ₹11,065.12
- Profit before tax: ₹3,388.86
- Tax expense: ₹869.62 (Current tax: ₹874.96, Deferred tax credit: ₹(5.34))
- Profit for the period: ₹2,519.24
- Other comprehensive loss (net of tax): ₹(10.00)
- Total comprehensive income: ₹2,509.24
- Basic and diluted EPS: ₹27.75
Comparatives:
- Q2 FY25 (Unaudited): Profit of ₹1,938.04, EPS ₹21.35
- Q1 FY26 (Audited): Profit of ₹3,400.75, EPS ₹37.46
- FY26 (Audited): Profit of ₹11,058.99, EPS ₹121.81
Financial Results - Consolidated (₹ in Lakhs)
Quarter Ended June 30, 2026 (Unaudited):
- Profit from continuing operations: ₹2,527.93
- Loss from discontinued operations: ₹(10.08)
- Total profit for the period: ₹2,517.85
- Total comprehensive income: ₹2,507.85
- Basic EPS from continuing operations: ₹27.84
- Basic EPS from discontinued operations: ₹(0.11)
- Total Basic EPS: ₹27.73
Board Decisions
1. Approved un-audited standalone and consolidated financial results for quarter ended June 30, 2026
2. Decided to conduct postal ballot for shareholder approval of director appointment
Postal Ballot Details
The Board will conduct a postal ballot pursuant to Section 110 of Companies Act, 2013 to seek shareholder approval for:
- Appointment of Mr. Arun K Viyayan IAS (DIN: 09580742) as Nominee Director of Kerala State Industrial Development Corporation Limited
- Replacing Mr. Vishnuraj P IAS (DIN: 10701056)
- Postal Ballot Notice will be sent to shareholders in due course
Meeting Details
- Date: July 31, 2026
- Time: Commenced at 12:00 PM, concluded at 5:15 PM
- Approved by Audit Committee on July 30, 2026
Significant Notes to Financial Statements
1. Customs Duty Dispute:
- Commissioner of Customs issued order in FY2018-19 for customs duty demand of ₹877.15 lakhs and penalty of ₹1,091.21 lakhs
- CESTAT issued partly favorable order
- Hon'ble High Court of Kerala dismissed customs department's appeal and allowed company's appeal on June 26, 2025
- Customs department filed special leave petition before Supreme Court in Q3 FY26
- Supreme Court admitted matter, granted interim stay, scheduled final hearing for September 2026
- Contingent liability: ₹1,819.66 lakhs
- Provision created: ₹148.70 lakhs
- Company will review liability upon disposal of petition
2. Labour Codes Implementation:
- Government consolidated 29 labour legislations into four codes effective November 21, 2025
- Company accounted for incremental liability of ₹226.33 lakhs for employees in FY26
- Provision of ₹41 lakhs for contract workforce gratuity liability as of March 31, 2026
- Company monitoring finalization of State Rules and government clarifications
3. Subsidiary Operations (Bamni Proteins Limited):
- Maharashtra Pollution Control Board issued closure order on March 13, 2024
- Subsidiary permanently closed manufacturing unit effective July 25, 2024
- Financial statements prepared on other than going concern basis
- Assets held for sale: ₹530.38 lakhs as of June 30, 2026
- Results presented as discontinued operations
- Subsidiary released advertisements for asset sale, in negotiation process
4. Segment Information:
- Company operates in single product group representing one operating segment
- Disclosure under Ind AS 108 not applicable
Auditor Review
- Financial results reviewed by Walker Chandiok & Co LLP
- Review conducted in accordance with SRE 2410
- No material misstatement identified
- Limited review reports included with filing