Key Financial Figures (Standalone)

Income Statement for Q2 (Quarter ended September 30, 2026):

  • Revenue from operations: ₹7,364.06 crore
  • Other Income: ₹17.75 crore
  • Total Income: ₹7,381.81 crore
  • Profit before tax: ₹164.17 crore
  • Tax expense: ₹43.16 crore
  • Profit for the period: ₹121.01 crore
  • Basic EPS: ₹1.17
  • Diluted EPS: ₹1.16

Income Statement for H1 (Six months ended September 30, 2026):

  • Revenue from operations: ₹13,488.31 crore
  • Other Income: ₹39.32 crore
  • Total Income: ₹13,527.63 crore
  • Profit before tax: ₹690.39 crore
  • Tax expense: ₹176.78 crore
  • Profit for the period: ₹513.61 crore
  • Basic EPS: ₹4.95
  • Diluted EPS: ₹4.94

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

  • Total Assets: ₹22,393.05 crore (vs. ₹17,935.92 crore as of March 31, 2026)
  • Inventories: ₹6,184.69 crore (vs. ₹4,626.70 crore)
  • Trade receivables: ₹7,484.96 crore (vs. ₹4,790.49 crore)
  • Cash and cash equivalents: ₹222.85 crore (vs. ₹363.45 crore)
  • Total Equity: ₹7,144.74 crore (vs. ₹6,782.66 crore)
  • Total Borrowings: ₹9,847.22 crore (₹997.99 crore non-current + ₹8,849.23 crore current) (vs. ₹6,872.33 crore as of March 31, 2026)

Cash Flow (Standalone for H1):

  • Net cash used in operating activities: (₹2,314.68) crore
  • Net cash used in investing activities: (₹491.10) crore
  • Net cash generated from financing activities: ₹2,665.18 crore

Key Financial Figures (Consolidated)

The consolidated results include the Company's share of net loss from its associate, Zuari Yoma Agri Solutions Limited (₹0.06 crore for the period from 1 April 2026 to 30 September 2026).

Income Statement for Q2 (Consolidated):

  • Profit for the period attributable to owners: ₹121.01 crore
  • Basic EPS: ₹1.16
  • Diluted EPS: ₹1.16

Income Statement for H1 (Consolidated):

  • Profit for the period attributable to owners: ₹513.55 crore
  • Basic EPS: ₹4.94
  • Diluted EPS: ₹4.91

Notes to Financial Results

1. Purchase Price Allocation Finalized: The measurement period for the purchase price allocation related to the Scheme of Arrangement with Mangalore Chemicals and Fertilizers Limited (MCFL) expired during the quarter. No adjustments to the provisional fair values were required, making the allocation final.

2. Labour Codes Impact: The impact of reassessing gratuity and leave liability due to the notified Labour Codes was recognized as an exceptional item of ₹21.80 crore in the quarter ended June 30, 2026. No further adjustment was made in Q2.

3. Subsidy Recognition: As the Rabi Subsidy notification from the Department of Fertilizer had not been issued, the Company recognized subsidy income based on the existing Kharif subsidy notification.

4. Inventory Write-down: The Company assessed the net realizable value of its inventories and recognized a write-down of ₹59.98 crore for items whose carrying value exceeded their net realizable value.

5. Segment Reporting: The Company operates in a single business segment: "Fertilisers and Other Trading Materials."