Piccadily Agro Q2 FY27 Consolidated Net Profit ₹23.63 Cr

Board Meeting Details

The Board of Directors meeting was held on 12th November, 2026, commencing at an unspecified time and concluding at 6:00 PM. The board discussed and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Report.

Consolidated Financial Results (Quarter Ended September 30, 2026)

Income Statement Highlights (₹ in lakhs)

• Revenue from Operations: ₹27,788.73
• Gross Sales: ₹28,047.40
• Other Operating Revenue: (₹258.67)
• Other Income: ₹103.30
• Total Income: ₹27,892.03

Expenses Breakdown (₹ in lakhs)

• Cost of Materials Consumed: ₹17,629.65
• Changes in Inventories: (₹6,464.91)
• Excise Duty: ₹3,421.25
• Employee Benefits Expense: ₹1,766.34
• Finance Costs: ₹1,159.71
• Depreciation and Amortization: ₹1,041.80
• Power, Fuel etc.: ₹2,212.35
• Other Expenses: ₹4,118.44
• Total Expenses: ₹24,884.63

Profitability Metrics

• Profit Before Exceptional Items and Tax: ₹3,007.40
• Exceptional Items: None
• Profit Before Tax: ₹3,007.40
• Tax Expense: ₹679.12
• Current Tax: ₹169.41
• Deferred Tax: ₹509.71
• Net Profit for the Period: ₹2,328.28
• Share of Profit/(Loss) in Associates: (₹5.02)
• Other Comprehensive Income: ₹40.03
• Total Comprehensive Income: ₹2,363.29
• Attributable to Equity Holders of Parent: ₹2,363.29
• Attributable to Non-Controlling Interest: None

Per Share Data

• Basic EPS: ₹2.40
• Diluted EPS: ₹2.40
• Paid-up Share Capital: ₹9,857.21 lakhs (Face Value ₹10 each)
• Other Equity: Not specified for quarter

Half Year Consolidated Results (Ended September 30, 2026)

Income Statement Highlights (₹ in lakhs)

• Revenue from Operations: ₹54,839.07
• Gross Sales: ₹54,800.41
• Other Operating Revenue: ₹38.66
• Other Income: ₹411.28
• Total Income: ₹55,250.35

Expenses Breakdown (₹ in lakhs)

• Cost of Materials Consumed: ₹27,819.11
• Changes in Inventories: (₹3,341.13)
• Excise Duty: Not separately specified
• Employee Benefits Expense: ₹5,353.31
• Finance Costs: ₹4,014.66
• Depreciation and Amortization: ₹2,038.54
• Power, Fuel etc.: ₹3,862.07
• Other Expenses: ₹7,656.57
• Total Expenses: ₹49,429.41 (approximate)

Profitability Metrics

• Profit Before Exceptional Items and Tax: ₹5,821.24
• Exceptional Items: None
• Profit Before Tax: ₹5,821.24
• Tax Expense: ₹1,362.71
• Current Tax: ₹787.12
• Deferred Tax: ₹575.59
• Net Profit for the Period: ₹4,458.53
• Share of Profit/(Loss) in Associates: ₹8.30
• Other Comprehensive Income: ₹32.99
• Total Comprehensive Income: ₹4,499.82
• Attributable to Equity Holders of Parent: ₹4,499.82
• Attributable to Non-Controlling Interest: None

Per Share Data

• Basic EPS: ₹4.53
• Diluted EPS: ₹4.53
• Paid-up Share Capital: ₹9,857.21 lakhs
• Other Equity: Not specified for half year

Standalone Financial Results (Quarter Ended September 30, 2026)

Income Statement Highlights (₹ in lakhs)

• Revenue from Operations: ₹27,788.73
• Gross Sales: ₹27,750.07
• Other Operating Revenue: ₹38.66
• Other Income: ₹103.30
• Total Income: ₹27,892.03

Expenses Breakdown (₹ in lakhs)

• Cost of Materials Consumed: ₹17,629.65
• Changes in Inventories: (₹6,464.91)
• Excise Duty: ₹3,421.25
• Employee Benefits Expense: ₹1,721.48
• Finance Costs: ₹1,159.59
• Depreciation and Amortization: ₹1,039.09
• Power, Fuel etc.: ₹2,212.35
• Other Expenses: ₹4,071.03
• Total Expenses: ₹24,789.53

Profitability Metrics

• Profit Before Exceptional Items and Tax: ₹3,102.50
• Exceptional Items: None
• Profit Before Tax: ₹3,102.50
• Tax Expense: ₹679.12
• Current Tax: ₹169.41
• Deferred Tax: ₹509.71
• Net Profit for the Period: ₹2,423.38
• Other Comprehensive Income: None
• Total Comprehensive Income: ₹2,423.38

Per Share Data

• Basic EPS: ₹2.46
• Diluted EPS: ₹2.46
• Paid-up Share Capital: ₹9,857.21 lakhs
• Other Equity: Not specified for quarter

Consolidated Entities Included

The consolidated financial results include the following entities:

• Holding Company: Piccadily Agro Industries Limited
• Overseas Subsidiary: Portavadie Distillers & Blenders Limited
• Indian Subsidiaries:
• Six Trees Drinks Private Limited
• Piccadily Food & Essentials Limited
• Indian Associate: Piccadily Sugar & Allied Industries Limited

Auditor's Limited Review

Rattan Kaur & Associates, Chartered Accountants (Firm Registration No. 022513N), conducted a limited review of the financial results. Their report dated 12th November, 2026, states that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Notes to Financial Results

1. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on 12th November, 2026.

2. The statements were prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations.

3. One business segment is seasonal in nature, so quarterly performance may not represent annual performance.

4. Previous period figures have been regrouped where necessary for comparability.

5. Employee benefit expenses include provisions for Employee Stock Option Scheme.

Segment Performance (Consolidated)

Revenue by Segment (Q2 FY27, ₹ in lakhs)

• Sugar: ₹658.59
• Distillery: ₹27,130.14
• Others: ₹103.30
• Total: ₹27,892.03

Segment Results (Profit before interest and tax, Q2 FY27, ₹ in lakhs)

• Sugar: (₹228.03)
• Distillery: ₹4,488.28
• Others: Not specified
• Total: ₹4,260.25

Assets and Liabilities Position (Consolidated)

As of September 30, 2026 (₹ in lakhs)

• Total Assets: ₹173,046.96
• Non-Current Assets: ₹77,925.87
• Property Plant & Equipment: ₹65,772.16
• Capital Work in Progress: ₹3,278.26
• Investments: ₹7,046.50
• Current Assets: ₹95,121.09
• Inventories: ₹46,472.33
• Trade Receivables: ₹23,722.03
• Cash & Cash Equivalents: ₹1,382.35
• Other Bank Balances: ₹11,497.53

• Total Equity: ₹93,924.56
• Share Capital: ₹9,857.21
• Other Equity: ₹84,067.35
• Non-Current Liabilities: ₹17,594.29
• Borrowings: ₹12,971.43
• Deferred Tax Liabilities: ₹2,986.69
• Current Liabilities: ₹61,528.11
• Borrowings: ₹42,019.88
• Trade Payables: ₹8,643.33
• Micro and Small Enterprises: ₹2,587.04
• Other Creditors: ₹6,056.29

Cash Flow Statement (Consolidated)

Half Year Ended September 30, 2026 (₹ in lakhs)

• Cash Flow from Operating Activities: ₹8,365.22
• Cash Flow from Investing Activities: (₹5,896.83)
• Cash Flow from Financing Activities: (₹3,560.99)
• Net Increase in Cash: (₹1,092.61)
• Opening Cash: ₹1,457.68
• Closing Cash: ₹365.07