Ovobel Foods Limited submitted a regulatory filing to the Bombay Stock Exchange regarding the publication of its unaudited financial results for the quarter and half year ended 30 September 2026, in compliance with Regulation 47 of SEBI Listing Regulations.
The company published the results in one English national daily (Financial Express) and one regional language daily (Kannada - Hosadigantha) in their editions dated 08 November 2026. The results were originally declared on 06 November 2026 and were approved by the Board of Directors at its meeting held on 06 November 2026.
Financial Performance Highlights (₹ in Lakhs)
Quarter Ended 30 September 2026 (Unaudited):
- Total income from operations: ₹571.93 lakh
- Net profit before tax (before exceptional items): ₹59.76 lakh
- Net profit before tax (after exceptional items): ₹59.76 lakh
- Net profit after tax: ₹44.46 lakh
- Total comprehensive income: ₹43.92 lakh
- Basic and diluted EPS: ₹4.68 (not annualized)
Quarter Ended 30 September 2025 (Unaudited) for comparison:
- Total income from operations: ₹584.09 lakh
- Net profit before tax: ₹86.23 lakh
- Net profit after tax: ₹64.12 lakh
- Total comprehensive income: ₹64.34 lakh
- Basic and diluted EPS: ₹6.75
Half Year Ended 30 September 2026 (Unaudited):
- Total income from operations: ₹1,371.59 lakh
- Net profit before tax: ₹265.18 lakh
- Net profit after tax: ₹198.50 lakh
- Total comprehensive income: ₹199.39 lakh
- Basic and diluted EPS: ₹19.40 (not annualized)
Year Ended 31 March 2026 (Audited):
- Total income from operations: ₹2,618.24 lakh
- Net profit before tax: ₹336.12 lakh
- Net profit after tax: ₹243.53 lakh
- Total comprehensive income: ₹245.14 lakh
- Basic and diluted EPS: ₹25.63
Capital Structure
- Equity share capital remained unchanged at ₹950.08 lakh across all periods
- Other equity as of 31 March 2026: ₹1,005.91 lakh
Significant Accounting Notes
1. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on 06 November 2026, and subjected to limited review by the statutory auditors.
2. The statement was prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations.
3. The company operates in a single business segment of food products, requiring no additional segment disclosures under Ind AS 108.
4. Management assessed that trade receivables are expected to be realized within 180 days, and no provision for expected credit losses was required.
5. Previous year figures have been regrouped where necessary, with no impact on total assets, liabilities, equity, or profit/loss.
6. During the period, the company reassessed its business model for mutual fund investments and reclassified them from Fair Value Through Other Comprehensive Income (FVOCI) to Fair Value Through Profit or Loss (FVTPL) prospectively in accordance with Ind AS 109. Subsequent gains/losses from fair value changes are recognized under Other Income.
The filing was signed by Mysore Satish Sharad, Managing Director (DIN: 08987445), and the company secretary Prakriti Sarvouy (ACS: 21962).