Board Meeting Details

The Board of Directors meeting was held on 29th October, 2026 at Mafatlal House, 4th Floor, Backbay Reclamation, Mumbai - 400020. The meeting commenced at 12:00 noon (IST) and concluded at 4:00 p.m. (IST).

Financial Results Approval

The Board approved:

  • Un-Audited Standalone financial results for quarter and half year ended 30th September, 2026
  • Un-Audited Consolidated financial results for quarter and half year ended 30th September, 2026
  • Statement of Assets and Liabilities and Cash Flow Statement for quarter and half year ended 30th September, 2026

Auditor Review

Statutory Auditors Kalyaniwalla & Mistry LLP submitted Limited Review Reports dated 29th October, 2026 for both standalone and consolidated financial results.

Standalone Financial Performance (Quarter Ended 30/09/2026)

  • Revenue from Operations: ₹426.89 crore (compared to ₹320.56 crore in Q2 FY2026)
  • Other Income: ₹6.47 crore
  • Total Income: ₹433.36 crore
  • Expenses: ₹405.36 crore (including Cost of materials consumed: ₹273.45 crore, Employee benefits: ₹23.23 crore)
  • Profit Before Tax: ₹28.00 crore
  • Tax Expense: ₹4.16 crore (Current Tax: ₹7.43 crore, Deferred Tax: ₹(0.67) crore, Prior year adjustment: ₹(2.60) crore)
  • Profit After Tax: ₹23.84 crore
  • Other Comprehensive Income: ₹(24.19) crore
  • Total Comprehensive Income: ₹(0.35) crore
  • EPS Basic: ₹1.42; EPS Diluted: ₹1.43

Standalone Financial Performance (Half Year Ended 30/09/2026)

  • Revenue from Operations: ₹829.91 crore (compared to ₹656.78 crore in H1 FY2026)
  • Other Income: ₹12.24 crore
  • Total Income: ₹842.15 crore
  • Profit Before Tax: ₹64.48 crore
  • Profit After Tax: ₹51.16 crore
  • Total Comprehensive Income: ₹56.61 crore
  • EPS Basic: ₹3.06; EPS Diluted: ₹3.06

Consolidated Financial Performance (Quarter Ended 30/09/2026)

  • Revenue from Operations: ₹426.89 crore
  • Other Income: ₹6.54 crore
  • Total Income: ₹433.43 crore
  • Profit Before Tax: ₹28.23 crore
  • Tax Expense: ₹4.18 crore
  • Profit After Tax: ₹24.05 crore (attributable entirely to owners of the company)
  • Other Comprehensive Income: ₹(24.08) crore
  • Total Comprehensive Income: ₹(0.03) crore
  • EPS Basic: ₹1.44; EPS Diluted: ₹1.44

Consolidated Financial Performance (Half Year Ended 30/09/2026)

  • Revenue from Operations: ₹829.91 crore
  • Other Income: ₹12.44 crore
  • Total Income: ₹842.35 crore
  • Profit Before Tax: ₹65.32 crore
  • Profit After Tax: ₹51.81 crore (attributable entirely to owners of the company)
  • Total Comprehensive Income: ₹57.47 crore
  • EPS Basic: ₹3.10; EPS Diluted: ₹3.10

Subsidiary Information - PIL Chemicals Limited

The consolidated results include wholly owned subsidiary PIL Chemicals Limited with:

  • Total assets: ₹31.51 crores as at September 30, 2026
  • Q2 FY2027 revenue from operations (before consolidated adjustments): ₹4.26 crores
  • H1 FY2027 revenue from operations (before consolidated adjustments): ₹8.91 crores
  • Q2 FY2027 net profit after tax (before consolidated adjustments): ₹0.07 crores
  • H1 FY2027 net profit after tax (before consolidated adjustments): ₹0.60 crores
  • H1 FY2027 cash inflows (net): ₹1.44 crores

The subsidiary's results were reviewed by another auditor, and the main auditor's conclusion is based on that report.

Assets and Liabilities Position (Standalone as at 30/09/2026)

  • Total Assets: ₹2,185.63 crore
  • Non-current assets: ₹1,276.32 crore (including Property, Plant and Equipment: ₹586.09 crore, Right of Use Assets: ₹202.63 crore, Capital work-in-progress: ₹271.75 crore)
  • Current assets: ₹909.31 crore (including Inventories: ₹247.76 crore, Trade receivables: ₹361.56 crore)
  • Total Equity: ₹1,805.22 crore
  • Non-current liabilities: ₹128.30 crore
  • Current liabilities: ₹252.11 crore

Cash Flow Statement (Standalone H1 FY2027)

  • Net cash used in operating activities: ₹(52.38) crore
  • Net cash generated from investing activities: ₹73.35 crore
  • Net cash used in financing activities: ₹(27.45) crore
  • Net decrease in cash and cash equivalents: ₹(6.48) crore
  • Cash and cash equivalents at end of period: ₹24.17 crore

Additional Notes

  • The financial results are prepared in accordance with Indian Accounting Standards (Ind AS)
  • The company operates in a single reportable segment: manufacture of Rubber Chemicals
  • The consolidated results are prepared in accordance with Ind AS 110 'Consolidated Financial Statements'
  • Cash flows are prepared under the indirect method as per Ind AS 7