Key Quantitative Figures
Standalone Financial Results (Q1 June 2026):
- Revenue from operations: ₹677.4 crore (vs ₹531.2 crore in Q1 June 2025)
- Total income: ₹703.2 crore (vs ₹555.8 crore in Q1 June 2025)
- Profit before tax: ₹74.1 crore (vs ₹99.3 crore in Q1 June 2025)
- Profit for the quarter: ₹57.8 crore (vs ₹73.3 crore in Q1 June 2025)
- Basic EPS: ₹7.3 (vs ₹9.3 in Q1 June 2025)
- Paid-up equity share capital: ₹15.9 crore (face value ₹2 per share)
Consolidated Financial Results (Q1 June 2026):
- Revenue from operations: ₹2,642.1 crore (vs ₹2,506.9 crore in Q1 June 2025)
- Total income: ₹2,661.1 crore (vs ₹2,532.7 crore in Q1 June 2025)
- Profit before tax: ₹157.4 crore (vs ₹82.2 crore in Q1 June 2025)
- Profit for the quarter: ₹103.4 crore (vs ₹55.0 crore in Q1 June 2025)
- Basic EPS: ₹12.3 (vs ₹6.0 in Q1 June 2025)
- Paid-up equity share capital: ₹15.9 crore (face value ₹2 per share)
Dates of Action
- Board Meeting date: 12th August 2026 (3:30 PM to 8:15 PM IST)
- Trading window reopening: 15th August 2026 (48 hours after results declaration)
- Warrant conversion date: 10th June 2026 (allotment approved)
- ESOP allotment date: 27th April 2026
Parties Involved
- Statutory Auditors: S R B C & CO LLP
- Promoter: Mr. Rajesh Balkrishna Rathi
- Subsidiaries: Multiple subsidiaries as listed in Annexure I (56 subsidiaries, 2 joint ventures)
- Target Company: Sudarshan Colorants India Limited (formerly Heubach Colorants India Limited)
Corporate Actions
Warrant Conversion:
- Mr. Rajesh Balkrishna Rathi exercised 9,80,000 warrants at ₹1,019.75 per warrant
- Total consideration: ₹75 crore (75% of issue price) paid in June 2026
- Allotment of 9,80,000 equity shares of face value ₹2 each on 10th June 2026
- Post-allotment holding: Mr. Rathi's holding increased from 40,50,359 shares (5.15%) to 50,30,359 shares (6.32%)
- Promoter group holding increased from 64,40,604 shares (8.19%) to 74,20,604 shares (9.32%)
- Paid-up capital increased from ₹15.73 crore to ₹15.92 crore
ESOP Allotment:
- 15,640 employee stock options allotted on 27th April 2026 under Sudarshan Employee Stock Option Plan, 2018
- Issued capital increased from ₹15.72 crore (7,86,12,436 shares) to ₹15.73 crore (7,86,28,076 shares)
Proposed Acquisition
- In-principle approval for acquisition of 1,62,16,847 equity shares (70.26% stake) in Sudarshan Colorants India Limited
- Shares currently held by Sudarshan Europe B.V. (15.89%), Sudarshan Switzerland HLD1 AG (36.56%), and Sudarshan Switzerland HLD2 AG (17.80%)
- Acquisition purpose: Internal restructuring of shareholding within the group
- Consideration: Cash at arms' length fair value
- No impact on control and business operations of target company
- Committee of Directors authorized to approve final transaction terms
Financial Impact
Exceptional Items:
- No exceptional items in current quarter
- Previous quarter had exceptional item of ₹5.4 crore (reversal of past service cost due to New Labour Codes)
Foreign Exchange Impact:
- Standalone: Foreign exchange loss of ₹5.7 crore in Q1 June 2026 (vs gain of ₹56.9 crore in Q1 June 2025)
- Consolidated: Foreign exchange gain of ₹2.8 crore in Q1 June 2026
Segment Performance (Consolidated):
- Pigments segment revenue: ₹2,604.4 crore, EBITDA: ₹268.8 crore
- Others segment revenue: ₹37.7 crore, EBITDA: -₹9.5 crore
Capital Structure Impact
- Increase in paid-up capital from warrant conversion and ESOP allotment
- No dilution impact as warrant conversion was by promoter
Forward-looking Information
- No specific timeline for completion of proposed acquisition
- Details of transaction will be reported subsequent to execution
- One subsidiary has entered into employee restructuring agreement post-quarter end