Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended 30 September 2026 (Q2 FY26)

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulation 30

Date of Board Meeting / Approval: 4th November 2026

Audit Opinion: Unqualified (Limited Review Report - Nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement)

Auditor’s Comment: Clean review opinion from MSKA & Associates LLP

Key Financial Highlights [Rupees in Crores]

Standalone Results:

Quarter Ended 30 September 2026:

  • Revenue from Operations: ₹999.17 (YoY: +22.3% from ₹817.29 in Q2 FY25)
  • Total Income: ₹1,002.74
  • Profit from Operations before exceptional items & tax: ₹45.63 (YoY: -43.8% from ₹81.22)
  • Net Profit: ₹34.96 (YoY: -34.2% from ₹53.10)
  • EPS: ₹1.72 (YoY: ₹2.61)

Half Year Ended 30 September 2026:

  • Revenue from Operations: ₹1,847.98 (YoY: +15.6% from ₹1,597.92)
  • Total Income: ₹1,853.03
  • Profit from Operations before exceptional items & tax: ₹88.35 (YoY: -48.1% from ₹170.40)
  • Net Profit: ₹79.84 (YoY: -28.3% from ₹111.37)
  • EPS: ₹3.92 (YoY: ₹5.47)

Balance Sheet (Standalone) as at 30 September 2026:

  • Property, Plant and Equipment: ₹594.60
  • Capital work-in-progress: ₹649.02
  • Inventories: ₹149.77
  • Cash and cash equivalents: ₹73.83
  • Total Assets: ₹2,904.76
  • Equity Share Capital: ₹203.64
  • Other Equity: ₹1,034.14
  • Total Equity: ₹1,237.78
  • Borrowings (Non-current): ₹180.62
  • Borrowings (Current): ₹527.18
  • Total Liabilities: ₹1,666.98

Consolidated Results:

Quarter Ended 30 September 2026:

  • Revenue from Operations: ₹999.17
  • Total Income: ₹1,002.74
  • Profit before share of equity accounted investees and tax: ₹45.63
  • Share of profit of joint venture and associates: ₹16.30
  • Profit before tax: ₹61.93
  • Net Profit: ₹47.06
  • EPS: ₹2.31

Half Year Ended 30 September 2026:

  • Revenue from Operations: ₹1,847.98
  • Total Income: ₹1,853.03
  • Profit before share of equity accounted investees and tax: ₹88.35
  • Share of profit of joint venture and associates: ₹36.20
  • Profit before tax: ₹124.55
  • Net Profit: ₹107.24
  • EPS: ₹5.27

Balance Sheet (Consolidated) as at 30 September 2026:

  • Total Assets: ₹3,112.04
  • Total Equity: ₹1,445.06
  • Other Equity: ₹1,241.42

Segment-wise Performance:

The Company's Chief Operating Decision maker (CODM) reviews business operations as a single segment i.e., manufacture and sale of fertilizers. Accordingly, there are no additional segment disclosures.

Operational Highlights:

  • Urea production: 1.89 lac MT during the quarter
  • Urea sales: 1.96 lac MT during the quarter
  • Urea plant operational days: 91 days (Previous year: 92 days)

Corporate Actions:

  • Dividend: Shareholders approved payment of dividend at ₹2.00 per equity share (20%) in the AGM held on September 28, 2026.
  • No other corporate actions (buyback, split, bonus) announced in this meeting.

Other Significant Information:

Subsidy Accounting:

  • Subsidy for quarter ended September 2026: ₹854.35 crores
  • Subsidy for six months ended September 2026: ₹1,569.18 crores
  • Accounted based on provisional Retention Price computed per Government policy
  • Final retention price not yet announced by Department of Fertilizers
  • Necessary adjustments will be made when final retention price is notified

Taxation:

  • Company exercised option of lower tax rate under section 200 of Income Tax Act 2025 (erstwhile Section 115BAA)
  • Tax credit of ₹12.92 crores recognized due to re-measurement of opening balance of Deferred Tax Liabilities (net) as at April 1, 2026

Insurance Claims:

  • Flood damage claim of ₹85.06 crores lodged in earlier years
  • ₹55.18 crores received, ₹19.60 crores under process
  • ₹10.28 crores not admitted by insurance company, charged off in earlier year
  • Plant shutdown claim (March 3-19, 2026): ₹4.25 crores for repair cost + ₹21.95 crores for shutdown/startup costs (under process)

Lease Renewal:

  • Lease for land expired on June 12, 2020
  • Renewal request filed with Govt. of Tamil Nadu
  • Management confident of extended lease, accounted ROUA and lease liability based on previous agreement terms

Entities in Consolidation:

  • Joint Ventures: Tamilnadu Petroproducts Limited, National Aromatics and Petrochemicals Corporation Limited
  • Associates: Tuticorin Alkali Chemicals and Fertilizers Limited, Greenam Energy Private Limited
  • No subsidiary companies