Key Approvals and Outcomes
The Board of Directors meeting, held on Saturday, May 30, 2026 (from 7:00 PM IST to 11:00 PM IST), considered and approved the following items:
1. Audited standalone financial results for the quarter and financial year ended March 31, 2026.
2. Audited consolidated financial results for the quarter and financial year ended March 31, 2026.
3. The Statutory Auditors, M/s Bilimoria Mehta & Co., issued an unmodified opinion on both sets of financial results.
4. Recommended a dividend of 3% for the Financial Year 2025-26, subject to approval by shareholders at the ensuing Annual General Meeting (AGM).
5. Re-appointment of M/s SHARPS & CO., Chartered Accountants, as the Internal Auditor for the financial year 2025-26.
Financial Performance Highlights (Standalone)
(All figures in ₹ lakhs)
Income Statement for Year Ended March 31, 2026:
- Revenue from Operations: ₹19,742.39 (vs. ₹13,011.00 in FY25)
- Other Income: ₹216.33 (vs. ₹66.15 in FY25)
- Total Income: ₹19,958.72 (vs. ₹13,077.16 in FY25)
- Profit Before Tax (PBT): ₹4,790.56 (vs. ₹3,211.66 in FY25)
- Total Tax Expense: ₹1,269.03 (vs. ₹821.01 in FY25)
- Profit for the Year (Net Profit): ₹3,521.54 (vs. ₹2,390.65 in FY25)
- Earnings Per Share (EPS) - Basic & Diluted: ₹1.41 (vs. ₹0.96 in FY25)
Quarterly Performance (Q4 FY26):
- Revenue from Operations: ₹6,112.44
- Profit Before Tax (PBT): ₹1,162.70
- Profit for the Quarter (Net Profit): ₹1,019.61
- Earnings Per Share (EPS) - Basic & Diluted: ₹0.41
Financial Performance Highlights (Consolidated)
(All figures in ₹ lakhs)
Income Statement for Year Ended March 31, 2026:
- Revenue from Operations: ₹19,738.25 (vs. ₹13,095.89 in FY25)
- Profit Before Tax (PBT): ₹4,761.72 (vs. ₹3,232.38 in FY25)
- Profit for the Year (Net Profit) attributable to owners: ₹3,493.96 (vs. ₹2,398.35 in FY25)
- Earnings Per Share (EPS) - Basic & Diluted: ₹1.40 (vs. ₹0.96 in FY25)
Quarterly Performance (Q4 FY26):
- Profit for the Quarter (Net Profit) attributable to owners: ₹1,000.51
- Earnings Per Share (EPS) - Basic & Diluted: ₹0.40
Key Financial Metrics and Changes
- Cost of Materials Consumed (Standalone): Increased to ₹12,193.43 lakhs in FY26 from ₹7,899.35 lakhs in FY25.
- Employee Benefits Expense (Standalone): Increased to ₹695.34 lakhs in FY26 from ₹542.23 lakhs in FY25.
- Finance Costs (Standalone): Increased to ₹312.29 lakhs in FY26 from ₹174.63 lakhs in FY25.
- Trade Receivables (Consolidated): Increased significantly to ₹13,668.67 lakhs as of March 31, 2026, from ₹8,089.06 lakhs a year earlier.
- Inventories (Consolidated): Increased to ₹3,396.63 lakhs as of March 31, 2026, from ₹1,946.88 lakhs a year earlier.
- Borrowings (Consolidated - Non-current): Increased to ₹3,608.16 lakhs from ₹1,616.29 lakhs.
- Equity Share Capital: Remained unchanged at ₹2,498.00 lakhs.
Subsidiary and Associate Transactions
1. Tuljai Agro Chemicals Private Limited:
- Acquired as a subsidiary (51.20% stake) on May 21, 2024.
- Ceased to be a subsidiary and was reclassified as an associate on June 28, 2025, due to a reduction in shareholding.
- Became a subsidiary again on October 13, 2025, after an additional stake acquisition, increasing the holding to 66.69%.
- The accounting treatment changed accordingly (consolidation vs. equity method) during the year.
2. Brahmanand Pipes Private Limited (BPPL):
- The holding company acquired a 100% stake, effective January 28, 2026.
- It is now a subsidiary.
Internal Auditor Re-appointment
M/s SHARPS & CO., Chartered Accountants, was re-appointed as the Internal Auditor for FY 2025-26. The appointment was made on May 30, 2026. The firm's profile describes it as a leading CA firm serving clients since 2018. There are no disclosed relationships between the auditor and the company's directors.
Regulatory and Compliance Notes
- The financial results were prepared in accordance with Indian Accounting Standards (Ind AS).
- The company operates in a single business segment.
- The company adopted Ind AS with a transition date of April 1, 2024.
- The figures for Q4 FY26 are balancing figures between the audited full-year results and the previously published unaudited nine-month results.
- The company assessed the impact of the newly notified Labour Codes (November 21, 2025) and concluded no significant incremental financial impact for FY26.
- The trading window for designated persons will open 48 hours after the declaration of the financial results.