Standalone Financial Results (₹ in Lakhs)

Quarterly Performance Comparison:

  • Revenue from operations: ₹21,094.56 (Q1 FY27) vs ₹18,025.54 (Q1 FY26) - 17.0% increase
  • Other income: ₹988.20 (Q1 FY27) vs ₹1,040.43 (Q1 FY26)
  • Total Revenue: ₹22,082.76 (Q1 FY27) vs ₹19,065.97 (Q1 FY26)

Expenditure Breakdown:

  • Cost of materials consumed: ₹11,399.86
  • Change in inventories: (₹119.68) credit
  • Employee benefits expenses: ₹1,021.32
  • Finance cost: ₹50.32
  • Depreciation/Amortisation: ₹140.70
  • Other expenses: ₹5,804.95
  • Total Expenditure: ₹18,297.47

Profitability Metrics:

  • Profit before exceptional items and tax: ₹3,785.29
  • Exceptional items: (₹350.34) loss
  • Profit before tax: ₹3,434.95
  • Tax expenses: ₹916.54 (Current Tax: ₹877.56, Deferred Tax: ₹38.97)
  • Profit for the period from continuing operations: ₹2,518.41
  • Profit/(Loss) from discontinuing operations: (₹1.50)
  • Tax expenses of discontinuing operations: ₹0.27
  • Total Profit After Tax: ₹2,517.18

Comprehensive Income:

  • Other comprehensive income: ₹3,864.25 (primarily from FVTOCI financial instruments)
  • Total Comprehensive income: ₹6,381.43

Share Data:

  • Paid-up Equity Share Capital: ₹1,716.48 (Face value ₹10 per share)
  • Earnings per share (continuing operations): Basic ₹14.67, Diluted ₹14.67
  • Earnings per share (discontinuing operations): Basic (₹0.01), Diluted (₹0.01)
  • Earnings per share (total): Basic ₹14.66, Diluted ₹14.66

Consolidated Financial Results (₹ in Lakhs)

Quarterly Performance Comparison:

  • Revenue from operations: ₹21,094.56 (Q1 FY27) vs ₹18,025.54 (Q1 FY26)
  • Other income: ₹986.55 (Q1 FY27) vs ₹1,038.78 (Q1 FY26)
  • Total Revenue: ₹22,081.11 (Q1 FY27) vs ₹19,064.32 (Q1 FY26)

Expenditure Breakdown:

  • Cost of materials consumed: ₹11,399.86
  • Change in inventories: (₹119.68) credit
  • Employee benefits expenses: ₹1,022.37
  • Finance cost: ₹50.32
  • Depreciation/Amortisation: ₹181.23
  • Other expenses: ₹5,805.93
  • Total Expenditure: ₹18,340.04

Profitability Metrics:

  • Profit before exceptional items and tax: ₹3,741.07
  • Exceptional items: (₹350.34) loss
  • Profit before tax: ₹3,390.73
  • Tax expenses: ₹916.54 (Current Tax: ₹877.56, Deferred Tax: ₹38.97)
  • Profit for the period from continuing operations: ₹2,474.19
  • Profit attributable to owners: ₹2,496.30
  • Profit attributable to non-controlling interest: (₹22.11)
  • Profit/(Loss) from discontinuing operations: (₹1.50)
  • Tax expenses of discontinuing operations: ₹0.27
  • Total Profit After Tax: ₹2,472.96

Comprehensive Income:

  • Other comprehensive income: ₹3,864.25
  • Total Comprehensive income: ₹6,337.21
  • Total comprehensive income attributable to owners: ₹6,359.32
  • Total comprehensive income attributable to non-controlling interest: (₹22.11)

Share Data:

  • Paid-up Equity Share Capital: ₹1,716.48
  • Earnings per share (continuing operations): Basic ₹14.54, Diluted ₹14.54
  • Earnings per share (discontinuing operations): Basic (₹0.01), Diluted (₹0.01)
  • Earnings per share (total): Basic ₹14.54, Diluted ₹14.54

Segment Information

Operating Segments:

The company operates in two segments: Chemicals and Wind Energy-Power. Wind energy power comprises less than 10% of total revenue, so only the chemical segment is reported.

Geographical Segments (Quarter Ended June 30, 2026):

  • Within India: ₹13,878.43
  • Rest of World: ₹7,216.13

Non-current assets are located only in India.

Major Customer Information:

One customer represented more than 10% of the company's total revenue for the quarter ended June 30, 2026.

Notes to Accounts

1. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 12, 2026.

2. Exceptional Items: Net loss of ₹350.34 lakhs due to gold futures fair valuation at mark-to-market price of outstanding futures as on June 30, 2026, after setting off profit from other gold future contracts during the quarter.

3. Legal Proceedings: The company has received a judgment/order from the Business and Property Courts of England and Wales, Commercial Court, in proceedings initiated by Maersk Shipping Line claiming damages of USD 13,178,280.51 for alleged breaches of Contracts of Carriage relating to shipment.

  • The company disputes the claim and has instituted proceedings before competent Courts in India
  • Indian Courts have granted interim reliefs, including an order concerning service of English proceedings under Hague Convention and restraining the respondent from pursuing proceedings before foreign courts
  • Proceedings are pending and interim reliefs are subject to orders passed therein
  • The ultimate outcome and consequential financial liability, if any, cannot presently be determined

4. Consolidation Details: The consolidated financial results include subsidiary TGV Metals and Chemicals Private Limited (50% holding). The company holds 23.59% in M V Salts & Chemicals Private Limited without significant influence, not consolidated under equity method per Ind AS-28.

5. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Companies (Indian Accounting Standards) Rules, 2015.

6. Previous period figures have been rearranged/regrouped for comparability.

Auditor Review

S.T. Mohite & Co., Chartered Accountants, conducted a limited review of both standalone and consolidated financial results and concluded that nothing has come to their attention that causes them to believe that the statements contain any material misstatement or fail to disclose required information under Regulation 33 of SEBI LODR Regulations.