Board Meeting Details
The Board of Directors meeting was held on Tuesday, July 28, 2026, commencing at 2:30 p.m. (IST) and concluding at 6:15 p.m. (IST).
Key Approvals
Based on the recommendation of the Audit Committee, the Board approved the Audited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026 along with the Limited Review Report issued by M/s N. M. Raiji & Co.
Financial Results Publication
The advertisement will be published in the newspaper in accordance with Regulation 47 of SEBI Listing Regulations, containing a Quick Response (QR) Code and details of the webpage where complete financial results will be available.
Consolidated Financial Results (All amounts in ₹ lakhs)
Income Statement for Quarter Ended June 30, 2026:
- Revenue from Operations: ₹62,688.31
- Other Income: ₹1,452.48
- Total Income: ₹64,140.79
Expenses:
- Cost of Materials Consumed: ₹33,352.25
- Purchases of Stock-in-Trade: ₹1,058.68
- Changes in Inventories of Finished Goods: ₹4,768.81
- Employee Benefits Expense: ₹1,205.63
- Finance Costs: ₹4,403.46
- Depreciation and Amortisation Expense: ₹2,480.34
- Other Expenses: ₹9,027.06
- Total Expenses: ₹56,296.23
Profitability:
- Profit before Exceptional Items and Tax: ₹7,844.56
- Profit before Tax: ₹7,844.56
- Tax Expense: ₹(1,917.42)
- Current Tax: ₹(87.01)
- Deferred Tax: ₹(1,830.41)
- Profit for the period: ₹5,927.14
- Total Comprehensive Income for the period: ₹5,928.44
Earnings Per Share: ₹6.67 (Face Value of ₹10 each, not annualized)
Comparative Figures:
- March 31, 2026 (Audited): Revenue ₹59,551.97, Profit ₹6,883.95
- June 30, 2025 (Unaudited): Revenue ₹30,389.17, Profit ₹472.52
- Year Ended March 31, 2026 (Audited): Revenue ₹1,72,750.66, Profit ₹10,475.96
Standalone Financial Results (All amounts in ₹ lakhs)
Income Statement for Quarter Ended June 30, 2026:
- Revenue from Operations: ₹61,592.17
- Other Income: ₹1,445.31
- Total Income: ₹63,037.48
Profitability:
- Profit before Tax: ₹7,331.09
- Tax Expense: ₹(1,830.45) [all deferred tax]
- Profit for the period: ₹5,500.64
- Total Comprehensive Income: ₹5,500.21
Earnings Per Share: Basic and Diluted ₹6.41 (Face Value of ₹10 each)
Segment Information (Consolidated)
The Group operates in two reportable segments:
1. Ethanol and other products
2. Compressed biogas
Quarter Ended June 30, 2026:
- Ethanol segment revenue: ₹61,567.71 (98.2% of total)
- Compressed biogas segment revenue: ₹1,120.60 (1.8% of total)
- Ethanol segment profit before tax: ₹7,331.04
- Compressed biogas segment profit before tax: ₹513.52
Segment Assets and Liabilities:
- Ethanol segment assets: ₹3,52,683.84, liabilities: ₹1,94,230.13
- Compressed biogas segment assets: ₹22,763.65, liabilities: ₹13,169.19
Auditor's Review Report
N. M. Raiji & Co. issued unmodified limited review reports for both standalone and consolidated financial results. The review was conducted in accordance with SRE 2410 and SEBI Circular No. CIR/CFO/CMDI/44/2019 dated March 29, 2019.
Emphasis of Matter
The auditors emphasized that the componentization exercise for Unit 4 (capitalized in February 2026 as part of conversion from mono feed to dual feed) is in progress, and consequently, the updation of the fixed assets register is pending. This is in terms of Ind AS 16 - Property Plant and Equipment.
Additional Notes
- Other Expenses for quarter and year ended March 31, 2026, adjusted for prior period adjustments of ₹1,054.34 Lakhs as required under Ind AS 8
- Figures for previous periods/year have been regrouped and reclassified where necessary
- The Group operates only in one geographical segment (India)
- Inter-segment pricing is at arm's length basis