Oceanic Foods Limited announced the outcomes of its board meeting held on November 3, 2026, where the board approved the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026.

Financial Performance Highlights (Standalone)

Quarter Ended September 30, 2026:

  • Total Income: ₹41.60 crore
  • Revenue from Operations: ₹41.58 crore (Net Sales: ₹40.17 crore, Other Operating Income: ₹1.41 crore)
  • Other Income: ₹0.22 lakh
  • Total Expenses: ₹38.23 crore
  • Profit Before Tax: ₹3.38 crore
  • Tax Expense: ₹0.93 crore (Current Tax: ₹0.86 crore, Deferred Tax: ₹0.07 crore)
  • Net Profit: ₹2.45 crore
  • Earnings Per Share (EPS): ₹2.17 (basic and diluted)

Half Year Ended September 30, 2026:

  • Total Income: ₹82.80 crore
  • Revenue from Operations: ₹82.53 crore (Net Sales: ₹79.76 crore, Other Operating Income: ₹2.77 crore)
  • Other Income: ₹0.27 lakh
  • Total Expenses: ₹76.46 crore
  • Profit Before Tax: ₹6.34 crore
  • Tax Expense: ₹1.69 crore (Current Tax: ₹1.55 crore, Deferred Tax: ₹0.13 crore)
  • Net Profit: ₹4.65 crore
  • Earnings Per Share (EPS): ₹4.14 (basic and diluted)

Balance Sheet Position (Standalone as of September 30, 2026)

  • Total Assets: ₹111.06 crore
  • Property, Plant and Equipment: ₹22.03 crore
  • Capital Work-in-Progress: ₹7.25 crore
  • Inventories: ₹29.67 crore
  • Trade Receivables: ₹38.13 crore
  • Cash and Cash Equivalents: ₹0.005 crore
  • Equity Share Capital: ₹11.25 crore
  • Other Equity: ₹38.90 crore
  • Total Borrowings: ₹44.72 crore (Non-current: ₹9.86 crore, Current: ₹34.86 crore)

Cash Flow Statement (Standalone Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: -₹1.02 crore
  • Net Cash from Investing Activities: -₹4.25 crore
  • Net Cash from Financing Activities: ₹5.13 crore
  • Net Decrease in Cash: -₹0.14 crore

Consolidated Financial Performance

Quarter Ended September 30, 2026:

  • Total Income: ₹41.61 crore
  • Net Profit: ₹2.46 crore
  • EPS: ₹2.18

Half Year Ended September 30, 2026:

  • Total Income: ₹82.82 crore
  • Net Profit: ₹4.67 crore
  • EPS: ₹4.15

Key Notes and Disclosures

  • The financial results were reviewed by the Audit Committee and approved by the Board of Directors on November 3, 2026.
  • The statutory auditors, Kamlesh Rathod & Associates, conducted a limited review and expressed an unmodified conclusion.
  • The company operates in a single business segment: production and sale of dehydrated vegetables and herbs.
  • The consolidated results include Oceanic Food Ingredients Limited (51% subsidiary, incorporated September 1, 2025).
  • The subsidiary showed minimal impact with total assets of Nil and no revenue for the quarter.
  • The board meeting commenced at 6:30 PM and concluded at 7:15 PM on November 3, 2026.