Ovobel Foods Limited submitted its unaudited financial results for the first quarter ended 30 June 2026 to the Bombay Stock Exchange. The results were approved and taken on record by the Board of Directors at a meeting held on Monday, 10 August 2026, which commenced at 6:00 p.m. and concluded at 7:20 p.m. The submission includes the financial results and a limited review report issued by the company's statutory auditors, ASA & Associates LLP, Chartered Accountants.

Financial Performance (₹ in Lakhs)

The company reported a significant improvement in its financial performance for Q1 FY2026 compared to the same period last year.

Income Statement Highlights:

  • Revenue from operations stood at ₹7,996.59 lakh, compared to ₹6,067.91 lakh in Q1 FY2025 and ₹6,650.33 lakh in the previous quarter (Q4 FY2025).
  • Other Income was ₹369.10 lakh, higher than the ₹112.48 lakh reported in Q1 FY2025.
  • Total Income (Revenue + Other Income) was ₹8,365.69 lakh.
  • Total Expenses were ₹6,311.50 lakh, comprising:
  • Cost of material consumed: ₹5,553.95 lakh
  • Changes in inventories: (₹387.49) lakh (negative indicates decrease)
  • Employee benefit expense: ₹328.12 lakh
  • Finance cost: ₹31.12 lakh
  • Depreciation and amortisation: ₹109.59 lakh
  • Other Expenses: ₹676.21 lakh
  • Profit before tax was ₹2,054.19 lakh, a substantial increase from ₹368.88 lakh in Q1 FY2025.
  • Tax expense was ₹513.87 lakh, comprising:
  • Current tax: ₹535.19 lakh
  • Deferred Tax credit: (₹21.32) lakh
  • Profit for the period was ₹1,540.32 lakh, compared to ₹274.68 lakh in Q1 FY2025.
  • Total comprehensive income for the period was ₹1,554.67 lakh.

Earnings per Share and Capital:

  • Earnings per share (basic and diluted) for the quarter was ₹16.21 (not annualized). This compares to ₹2.90 in Q1 FY2025 and ₹14.93 in the previous quarter (Q4 FY2025).
  • Paid-up equity share capital remained unchanged at ₹950.08 lakh (ordinary shares of ₹10 each).

Notes to Financial Results

1. The unaudited financial results were reviewed by the Audit Committee and taken on record by the Board of Directors on 10 August 2026. They were subjected to a limited review by the statutory auditors.

2. The statement was prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) and Regulation 33 of the SEBI (LODR) Regulations, 2015.

3. The company operates in a single segment: food products.

4. Management has assessed that trade receivables are expected to be realized within 180 days, and no provision for expected credit losses is required.

5. Previous year figures have been regrouped where necessary, with no impact on total assets, liabilities, equity, or profit/loss.

6. The Government of India's new labour codes (effective from 21 November 2025) were noted. The incremental impact of these changes was assessed by the company and recognized in the financial results for March 2026.

7. The figures for the preceding 3 months ended 31 March 2026 are balancing figures between the audited full-year results and the year-to-date unaudited figures up to the third quarter of FY2025.

Auditor's Review Report

ASA & Associates LLP issued a limited review report on the unaudited financial results pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015. The report, dated 10 August 2026, states that based on their review, nothing has come to their attention that causes them to believe the statement contains any material misstatement or has not disclosed the information required by the Listing Regulations.