Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)
Nature of Filing / Announcement: Regulatory filing under SEBI LODR Regulations 30(6) and 33 for unaudited financial results
Date of Board Meeting / Approval: October 23, 2026 (commenced at 04:40 p.m., concluded at 5:14 p.m. IST)
Audit Opinion: Unmodified limited review report (clean)
Auditor's Comment: No modifications; auditors concluded nothing came to their attention causing belief that the statements contain material misstatement
Key Financial Highlights [All amounts in ₹ lakhs]
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹80,261.16 (vs. ₹10,447.51 in Q2 FY25 - significant improvement)
- Total Income: ₹81,517.17
- Net Profit: ₹3,441.61 (vs. loss of ₹4,274.60 in Q2 FY25 - significant improvement)
- EPS: ₹4.01 (vs. -₹6.04 in Q2 FY25)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹1,41,853.33 (vs. ₹39,840.97 in H1 FY25 - significant improvement)
- Total Income: ₹1,44,554.65
- Net Profit: ₹8,942.25 (vs. loss of ₹4,272.04 in H1 FY25 - significant improvement)
- EPS: ₹10.43 (vs. -₹6.05 in H1 FY25)
Balance Sheet (Standalone) as at September 30, 2026:
- Total Assets: ₹3,38,496.39 (vs. ₹3,62,925.28 as at March 31, 2026)
- Equity Share Capital: ₹8,575.26
- Other Equity: ₹1,52,419.31 (vs. ₹1,42,774.81 as at March 31, 2026)
- Total Equity: ₹1,60,994.57
- Cash and Cash Equivalents: ₹1,896.62 (vs. ₹4,805.55 as at March 31, 2026)
- Borrowings (Non-current + Current): ₹80,911.96 + ₹72,544.64 = ₹1,53,456.60
- Assets held for sale: ₹19,382.98
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹81,109.58 (vs. ₹11,485.77 in Q2 FY25 - significant improvement)
- Total Income: ₹82,373.50
- Net Profit: ₹3,499.44 (vs. loss of ₹3,793.98 in Q2 FY25 - significant improvement)
- EPS: ₹4.04 (vs. -₹5.37 in Q2 FY25)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹1,43,797.89 (vs. ₹41,874.94 in H1 FY25 - significant improvement)
- Total Income: ₹1,46,514.29
- Net Profit: ₹9,426.58 (vs. loss of ₹3,326.94 in H1 FY25 - significant improvement)
- EPS: ₹10.71 (vs. -₹4.70 in H1 FY25)
Balance Sheet (Consolidated) as at September 30, 2026:
- Total Assets: ₹3,62,041.11 (vs. ₹3,77,834.29 as at March 31, 2026)
- Equity attributable to parent: ₹1,61,909.39
- Non-Controlling Interest: ₹6,835.63
- Total Equity: ₹1,68,745.02
- Cash and Cash Equivalents: ₹2,728.34 (vs. ₹8,826.02 as at March 31, 2026)
- Borrowings (Non-current + Current): ₹91,974.85 + ₹73,301.51 = ₹1,65,276.36
- Assets held for sale: ₹19,382.98
Segment-wise Performance:
The Group operates in two segments: Ethanol and other products, and Compressed Biogas.
Half Year Ended September 30, 2026:
- Ethanol and other products: Revenue ₹1,41,812.34, Segment Result ₹41,353.44
- Compressed Biogas: Revenue ₹1,985.55, Segment Result ₹1,636.78
- Total Revenue: ₹1,43,797.89, Total Segment Result: ₹42,990.22
Half Year Ended September 30, 2025:
- Ethanol and other products: Revenue ₹39,840.99, Segment Result ₹8,739.58
- Compressed Biogas: Revenue ₹2,033.95, Segment Result ₹1,939.39
- Total Revenue: ₹41,874.94, Total Segment Result: ₹10,678.97
Corporate Actions:
The Board of Directors approved the proposed sale of the undertaking known as Unit 5 on a slump sale basis, based on a preliminary offer of ₹17,100.00 lakhs received from M/s. Onkar A. Relevant assets of Unit 5 have been classified as "Assets Held for Sale" amounting to ₹19,382.98 lakhs (comprising fixed assets of ₹15,822.98 lakhs net of accumulated depreciation, and capital advances of ₹3,500.00 lakhs).
Other Significant Information:
- The company's business activity falls within a single operating segment as per Ind AS 108
- Other Expenses for the quarter and year ended March 31, 2026, has been adjusted for an amount of ₹1,054.34 Lakhs representing prior period adjustments as required under IndAS 8
- Figures for previous periods have been regrouped and reclassified wherever necessary
- The Group is primarily engaged in manufacturing and selling ethanol, compressed biogas and other products derived from distillery processes