Quarterly Financial Performance (Q4 FY26)

  • Operating Income: ₹2,446 million (down 5.4% YoY from ₹2,585 million and down 24.3% from Q3 FY26 ₹3,230 million)
  • Value Add: ₹749 million (up 20.6% YoY from ₹621 million)
  • Value Add Margin: 30.6% (improved 660 bps YoY from 24.0%)
  • Operating EBITDA: ₹325 million (up 20.2% YoY from ₹270 million)
  • Operating EBITDA Margin: 13.3% (improved 283 bps YoY from 10.5%)
  • PBT before Exceptional Items: ₹226 million (up 54.8% YoY from ₹146 million)
  • Exceptional Items: None in Q4 FY26 (compared to ₹67 million in Q3 FY26)
  • PBT: ₹226 million (up 54.8% YoY from ₹146 million)
  • PAT: ₹165 million (up 47.9% YoY from ₹112 million)
  • PAT Margin: 6.8% (improved 245 bps YoY from 4.3%)
  • Diluted EPS: ₹1.62 (up 20.9% YoY from ₹1.34)

Annual Financial Performance (FY26)

  • Operating Income: ₹11,342 million (up 23.9% YoY from ₹9,152 million)
  • Value Add: ₹2,958 million (up 18.0% YoY from ₹2,506 million)
  • Value Add Margin: 26.1% (declined 130 bps YoY from 27.4%)
  • Operating EBITDA: ₹1,266 million (up 12.2% YoY from ₹1,128 million)
  • Operating EBITDA Margin: 11.2% (declined 117 bps YoY from 12.3%)
  • PBT before Exceptional Items: ₹810 million (up 27.0% YoY from ₹638 million)
  • Exceptional Items: ₹67 million for FY26 (none in FY25)
  • PBT: ₹744 million (up 16.6% YoY from ₹638 million)
  • PAT: ₹556 million (up 16.6% YoY from ₹477 million)
  • PAT Margin: 4.9% (declined 30 bps YoY from 5.2%)
  • Diluted EPS: ₹5.81 (down 3.6% YoY from ₹6.03)

Management Commentary

Mr. Anil Kishorepuria, Chairman & Managing Director, stated that the improvement in Q4 Operating EBITDA margin was primarily driven by lower trading activity during the quarter and better realizations across the company's core product portfolio.

Capacity Expansion and Operational Updates

  • On May 26, 2026, the company successfully doubled crushing capacity from 825 MT per day to 1,650 MT per day
  • Commissioned new Liquid Glucose manufacturing facility with production capacity of 180 MT per day
  • Commissioned new Maltodextrin Powder manufacturing facility with production capacity of 50 MT per day
  • Expanded captive co-generation power plant from 7.1 MW to 15.8 MW
  • These developments make Regaal the largest maize wet milling facility in Eastern India

Future Expansion Plans

  • Further expansion underway for value-added product segment including Modified Starch products and derivatives
  • Specific products include Dextrose Anhydrous, Dextrose Monohydrate, and Hydrol
  • Associated capex already underway with commissioning expected over the course of FY27

Dividend Declaration

  • Board has recommended a dividend of ₹0.25 per share for FY26
  • Dividend subject to shareholders' approval

Business Overview

Regaal Resources Limited operates a modern wet milling facility in Bihar with installed crushing capacity of approximately 1,650 TPD. The company serves diverse industries including food & beverages, pharmaceuticals, textiles, paper, and animal nutrition with products including native starches, modified starches, first-stage products, and maize derivative products.