Key Financial Results (Rs. in Lakhs)

Income Statement Highlights:

  • Revenue from operations (Net): Rs 2,930.22 (Current quarter) vs Rs 1,885.31 (Q1 previous year) - 55.4% increase
  • Other income: Rs 2.56 (Current quarter) vs Rs 8.76 (Q1 previous year)
  • Total Income: Rs 2,932.78 (Current quarter) vs Rs 1,894.07 (Q1 previous year)

Expense Breakdown:

  • Cost of materials consumed: Rs 1,392.45 (Current quarter) vs Rs 1,200.78 (Q1 previous year)
  • Employee benefit expenses: Rs 449.02 (Current quarter) vs Rs 407.96 (Q1 previous year)
  • Finance Costs: Rs 31.10 (Current quarter) vs Rs 46.18 (Q1 previous year)
  • Depreciation and amortisation: Rs 160.15 (Current quarter) vs Rs 140.75 (Q1 previous year)
  • Other expenses: Rs 584.65 (Current quarter) vs Rs 559.12 (Q1 previous year)
  • Total Expenses: Rs 2,539.90 (Current quarter) vs Rs 2,042.23 (Q1 previous year)

Profitability Metrics:

  • Profit before tax from Continuing Operations: Rs 392.88 (Current quarter) vs Rs (148.16) loss (Q1 previous year)
  • Tax expense: Rs 98.47 (Current quarter) vs Rs (43.98) (Q1 previous year)
  • Profit after tax for Continuing Operations: Rs 294.41 (Current quarter) vs Rs (104.18) loss (Q1 previous year)
  • Net Profit/(Loss) for the period: Rs 287.81 (Current quarter) vs Rs (109.54) loss (Q1 previous year)

Earnings Per Share (not annualized):

  • Basic EPS for continuing operations: Rs 2.57 (Current quarter) vs Rs (0.91) (Q1 previous year)
  • Diluted EPS for continuing operations: Rs 2.57 (Current quarter) vs Rs (0.91) (Q1 previous year)
  • Basic EPS for discontinued operations: Rs (0.06) (Current quarter) vs Rs (0.05) (Q1 previous year)
  • Diluted EPS for discontinued operations: Rs (0.06) (Current quarter) vs Rs (0.05) (Q1 previous year)
  • Total Basic EPS: Rs 2.51 (Current quarter) vs Rs (0.96) (Q1 previous year)
  • Total Diluted EPS: Rs 2.51 (Current quarter) vs Rs (0.96) (Q1 previous year)

Discontinued Operations

The Board of Directors, at its meeting held on May 13, 2026, approved the discontinuance of the Formulations Marketing Division. Accordingly, the Division has been classified as a discontinued operation from that date. Assets of the Division being residual receivables are under recovery.

Financials of Discontinued Operations (Rs. in Lakhs):

  • Quarter Ended 30.06.2026: Total Income: Rs 0.00, Total Expenses: Rs 8.82, Profit before Tax: Rs (8.82), Tax Expense: Rs (2.22), Profit after Tax: Rs (6.60)
  • Quarter Ended 30.06.2025: Total Income: Rs 13.90, Total Expenses: Rs 21.07, Profit before Tax: Rs (7.17), Tax Expense: Rs (1.81), Profit after Tax: Rs (5.36)

Segment Reporting

With effect from May 14, 2026, the Bulk Drugs and Intermediates (API) division is the only single operating segment.

Segment Revenue (Rs. in Lakhs):

  • API Segment: Rs 2,931.96 (Current quarter) vs Rs 1,893.58 (Q1 previous year)
  • Formulation Segment: Rs 0.00 (Current quarter) vs Rs 13.90 (Q1 previous year)

Segment Results (Rs. in Lakhs):

  • API Segment Profit before Interest & Taxes: Rs 419.64 (Current quarter) vs Rs (53.21) (Q1 previous year)
  • Formulation Segment Results: Rs (8.82) (Current quarter) vs Rs (7.17) (Q1 previous year)

Capital Structure

  • Paid-up equity share capital: Rs 1,144.63 lakh (Face value of Rs.10/- each) - unchanged from previous periods

Auditor Review

Gokhale & Sathe, Chartered Accountants (Firm Registration Number: 103264W) issued a limited review report dated August 10, 2026.

Key auditor statements:

  • Conducted review in accordance with Standard on Review Engagement (SRE) 2410
  • Expressed an unmodified moderate assurance on these results
  • Nothing has come to their attention that causes them to believe the statement contains any material misstatement
  • The figures for Quarter ended March 31, 2026 are balancing figures between audited annual figures and limited reviewed YTD figures

Additional Information

  • Board meeting held on Monday, 10th August 2026, commenced at 10:30 am and concluded at 12:10 p.m.
  • Results available on company website: www.smruthiorganics.com
  • Company CIN: L24119PN1989PLC052562
  • Registered & Corporate Office: 165-A, Balaji Bhavan, 1st Floor, Railway Lines, Solapur-413001 (Maharashtra)