Regaal Resources Limited submitted an investor presentation to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation covers the unaudited standalone financial results for the quarter and half year ended September 30, 2026.

Financial Performance Q2 FY27

  • Operating Income stood at ₹3,165.6 million, showing a slight decline of 1.1% YoY from ₹3,200.2 million in Q2 FY26
  • Value-Add reached ₹1,290.2 million, growing 64.3% YoY from ₹785.4 million in Q2 FY26
  • Value-Add Margin improved significantly to 40.8% from 24.5% in Q2 FY26, representing an increase of 1,622 basis points
  • Operating EBITDA was ₹542.0 million, growing 54.7% YoY from ₹350.4 million in Q2 FY26
  • Operating EBITDA Margin expanded to 17.1% from 10.9% in Q2 FY26, an improvement of 617 basis points
  • Profit After Tax increased to ₹231.8 million, growing 38.7% YoY from ₹167.1 million in Q2 FY26
  • PAT Margin improved to 7.3% from 5.2% in Q2 FY26, representing 210 basis points expansion
  • Diluted EPS stood at ₹2.24 compared to ₹1.84 in Q2 FY26, representing 21.7% growth

Financial Performance H1 FY27

  • Operating Income was ₹5,187.1 million, declining 8.5% YoY from ₹5,665.9 million in H1 FY26
  • Value-Add reached ₹2,095.5 million, growing 49.3% YoY from ₹1,403.4 million in H1 FY26
  • Value-Add Margin improved to 40.4% from 24.8% in H1 FY26, representing 1,563 basis points expansion
  • Operating EBITDA was ₹851.9 million, growing 43.2% YoY from ₹595.0 million in H1 FY26
  • Operating EBITDA Margin expanded to 16.4% from 10.5% in H1 FY26, representing 592 basis points improvement
  • Profit After Tax increased to ₹365.1 million, growing 41.6% YoY from ₹257.8 million in H1 FY26
  • PAT Margin improved to 7.0% from 4.5% in H1 FY26, representing 248 basis points expansion
  • Diluted EPS stood at ₹3.53 compared to ₹2.93 in H1 FY26, representing 20.5% growth

Operational Highlights

  • Maize crushing volumes increased by 20.2% to 1,60,179 MT in H1 FY27 from 1,33,522 MT in H1 FY26
  • The company experienced a temporary operational disruption at its newly commissioned 825 TPD manufacturing facility due to a turbine breakdown
  • The turbine was successfully recommissioned towards the end of Q2 FY27, restoring normal operations
  • Exports increased 64.5% year-on-year to ₹366.7 million in H1 FY27
  • The company onboarded 91 new customers in H1 FY27
  • Dealer channel share increased to 73.1% in H1 FY27

Capacity and Expansion

  • Total installed capacity expanded to 1,650 TPD, making it Eastern India's largest maize wet milling facility
  • The expansion was commissioned on May 26, 2026, doubling capacity from 825 TPD
  • The manufacturing facility is spread across 56.84 acres as of September 30, 2026
  • Capacity utilization was 68.5% in H1 FY27
  • Co-generation capacity expanded from 7.1 MW to 15.8 MW
  • 87.3% of total power requirements in H1 FY27 were met through captive co-generation

Growth Strategies

  • Product expansion into derivative products including planned entry into Dextrose Anhydrous (DAH), Dextrose Monohydrate (DMH) and Hydrol
  • Expanding modified starch portfolio to include Cationic Starch, Carboxymethyl Starch, Pregel Starch, Gulal, and Spray Starch
  • Adding 30,000 tonnes of storage capacity through two additional silos and a 50,000 sq. ft. Maize Godown
  • Installing 1.6 MW Methane Gas-based Power Plant
  • Expanding domestic presence in South India (currently only 0.67% of FY26 revenue from South India)
  • Implementing white labelling strategy for scalable growth
  • Total project outlay of approximately ₹6,640 million, with ₹5,960 million already spent as of September 30, 2026

Raw Material and Location Advantages

  • Facility located in Kishanganj, Bihar, among India's top 3 maize-producing states
  • 65,000 MT of maize storage capacity ensures steady supply
  • Strategic location 21 Km from Bengal border and 209 Km from Assam border
  • Benefits from Bihar government incentives including 100% interest subsidy (up to ₹20 crore) and interest capping
  • Receives 100% exemption on State GST for 5 years since commencement of operations

Key Metrics as of September 30, 2026

  • Cash Conversion Cycle: 123 days (elevated due to inventory build-up for expanded capacity)
  • Total Borrowings: ₹8,925.3 million
  • Net worth: ₹5,159.9 million
  • Debt/Equity: 1.7
  • ROE: 14.2% (annualized)
  • ROCE: 10.2% (annualized)
  • Gross Block: ₹8,209.2 million
  • Number of employees: 789
  • Number of customers: 338

The presentation also includes detailed information about the company's management team, board of directors, certifications (ISO 9001:2015, ISO 14001:2015, ISO 22000:2018, ISO 45001:2018, Halal India, LEI certified, IEM certified), and competitive advantages including zero liquid discharge systems and abundant groundwater availability.