Board Meeting Details

The Board of Directors meeting was held on 3rd August, 2026 through hybrid mode at Mafatlal House, 4th Floor, Backbay Reclamation, Mumbai - 400020. The meeting commenced at 11:00 a.m. (IST) and concluded at 02:10 p.m. (IST).

Financial Results Approval

The Board approved:

  • Un-Audited Standalone financial results for the quarter ended 30th June, 2026
  • Un-Audited Consolidated financial results for the quarter ended 30th June, 2026
  • Limited Review Report dated 3rd August, 2026 from Statutory Auditors Kalyaniwalla & Mistry LLP

Standalone Financial Highlights (Q1 FY2027 vs Q1 FY2026)

  • Revenue from Operations: ₹403.02 crore (vs ₹336.22 crore)
  • Other Income: ₹5.77 crore (vs ₹6.36 crore)
  • Total Income: ₹408.79 crore (vs ₹342.58 crore)
  • Cost of materials consumed: ₹272.61 crore (vs ₹194.34 crore)
  • Employee benefits expense: ₹26.12 crore (vs ₹23.03 crore)
  • Finance costs: ₹0.30 crore (vs ₹0.37 crore)
  • Depreciation and amortization: ₹13.40 crore (vs ₹13.34 crore)
  • Other expenses: ₹104.54 crore (vs ₹90.28 crore)
  • Profit Before Tax: ₹36.48 crore (vs ₹22.23 crore)
  • Tax Expense: ₹9.16 crore (vs ₹5.65 crore)
  • Profit After Tax: ₹27.32 crore (vs ₹16.58 crore)
  • Other Comprehensive Income: ₹29.64 crore (vs ₹6.07 crore)
  • Total Comprehensive Income: ₹56.96 crore (vs ₹22.65 crore)
  • Earnings per share (Basic): ₹1.64 (vs ₹0.99)
  • Earnings per share (Diluted): ₹1.63 (vs ₹0.99)

Consolidated Financial Highlights (Q1 FY2027)

  • Revenue from Operations: ₹403.02 crore
  • Other Income: ₹5.90 crore
  • Total Income: ₹408.92 crore
  • Profit Before Tax: ₹37.09 crore
  • Tax Expense: ₹9.33 crore
  • Profit After Tax: ₹27.76 crore
  • Other Comprehensive Income: ₹29.74 crore
  • Total Comprehensive Income: ₹57.50 crore
  • Earnings per share (Basic): ₹1.66
  • Earnings per share (Diluted): ₹1.66

Subsidiary Information

The consolidated results include PIL Chemicals Limited, a wholly owned subsidiary, which contributed:

  • Revenue from operations: ₹4.65 crore
  • Net profit after tax: ₹0.53 crore
  • Total comprehensive income: ₹0.63 crore

The interim financial results of PIL Chemicals Limited were reviewed by another auditor, not Kalyaniwalla & Mistry LLP.

Auditor's Review

Kalyaniwalla & Mistry LLP conducted limited reviews of both standalone and consolidated financial results and issued unmodified review reports. They noted that the figures for the three months ended March 31, 2026 are balancing figures between audited annual figures and published unaudited figures up to the end of the third quarter of FY2026.

Capital Structure

Paid-up Equity Share Capital remained unchanged at ₹167.02 crore (face value ₹10/- each) for both standalone and consolidated entities.

Business Segment

The company is primarily engaged in the manufacture of Rubber Chemicals, which constitutes a single reportable segment under Ind AS 108.