Financial Results Summary

The Board approved the unaudited financial results for Q2 and half year ended 30th September 2026:

Standalone Performance (Quarterly):

  • Revenue from Operations: ₹999.17 crore (Q2 FY26: ₹817.29 crore)
  • Total Income: ₹1,002.74 crore (Q2 FY26: ₹842.82 crore)
  • Profit before tax: ₹45.63 crore (Q2 FY26: ₹81.22 crore)
  • Net Profit after tax: ₹34.96 crore (Q2 FY26: ₹53.10 crore)
  • EPS: ₹1.72 (Q2 FY26: ₹2.61)

Standalone Performance (Half Yearly):

  • Revenue from Operations: ₹1,847.98 crore (H1 FY26: ₹1,597.92 crore)
  • Total Income: ₹1,853.03 crore (H1 FY26: ₹1,640.97 crore)
  • Profit before tax: ₹88.35 crore (H1 FY26: ₹170.40 crore)
  • Net Profit after tax: ₹79.84 crore (H1 FY26: ₹111.37 crore)
  • EPS: ₹3.92 (H1 FY26: ₹5.47)

Consolidated Performance (Quarterly):

  • Revenue from Operations: ₹999.17 crore
  • Total Income: ₹1,002.74 crore
  • Profit before tax: ₹61.93 crore
  • Net Profit after tax: ₹47.06 crore
  • EPS: ₹2.31

Consolidated Performance (Half Yearly):

  • Revenue from Operations: ₹1,847.98 crore
  • Total Income: ₹1,853.03 crore
  • Profit before tax: ₹124.55 crore
  • Net Profit after tax: ₹107.24 crore
  • EPS: ₹5.27

Key Financial Metrics

Expense Breakdown (Standalone Q2):

  • Cost of materials consumed: ₹776.50 crore (44% increase YoY)
  • Employee benefits expense: ₹29.05 crore
  • Finance Cost: ₹9.51 crore
  • Depreciation and Amortisation: ₹9.95 crore
  • Power and Fuel charges: ₹14.52 crore
  • Other expenses: ₹104.21 crore

Operational Data:

  • Urea production: 1.89 lac MT
  • Urea sales: 1.96 lac MT
  • Plant operational days: 91 days (vs 92 days in previous year)

Balance Sheet Highlights (Standalone as at 30 September 2026):

  • Total Assets: ₹2,904.76 crore (vs ₹2,318.27 crore as at 31 March 2026)
  • Property, Plant and Equipment: ₹594.60 crore
  • Capital work-in-progress: ₹649.02 crore
  • Inventories: ₹149.77 crore
  • Cash and cash equivalents: ₹73.83 crore
  • Total Equity: ₹1,237.78 crore
  • Borrowings: ₹707.80 crore (₹180.62 crore non-current + ₹527.18 crore current)

Corporate Governance Update

Appointment of Director:

Dr. D Karthikeyan, IAS (DIN: 02259481), Nominee of Tamilnadu Industrial Development Corporation Limited (TIDCO), was appointed as an Additional Director (Non-Executive Nominee Director) effective 4th November 2026, subject to shareholder approval.

Brief Profile of New Director:

  • 1997 batch IAS Officer
  • Principal Secretary/Chairman and Managing Director of TIDCO
  • Former Commissioner of Coimbatore Corporation and Greater Chennai Corporation
  • Recipient of 2 National Awards and "Best Collector" award

Important Notes to Financial Results

1. Subsidy Accounting: Subsidy of ₹854.35 crore for Q2 and ₹1,569.18 crore for H1 has been accounted based on provisional Retention Price, pending final announcement from Department of Fertilizers.

2. Tax Treatment: Company exercised option under section 200 of Income Tax Act 2025 (erstwhile Section 115BAA) and recognized tax credit of ₹12.92 crore from re-measurement of opening Deferred Tax Liabilities.

3. Insurance Claims:

  • Flood damage claim of ₹85.06 crore lodged earlier - ₹55.18 crore received, ₹19.60 crore under process, ₹10.28 crore charged off
  • Plant shutdown claim (March 2026) for repair cost ₹4.25 crore and shutdown/startup costs ₹21.95 crore under process

4. Segment Reporting: Single reportable segment - manufacture and sale of fertilizers

5. Dividend: Shareholders approved dividend of ₹2.00 per equity share (20%) in AGM held on 28th September 2026

6. Lease Renewal: Lease for land expired on 12th June 2020, renewal request filed with Govt. of Tamil Nadu

Meeting Details

Board Meeting commenced at 2:30 PM IST and concluded at 5:10 PM IST on 4th November 2026.

Auditor Review

Financial results reviewed by MSKA & Associates LLP, Chartered Accountants, who issued limited review reports dated 4th November 2026.