Meeting Details

  • Board meeting commenced at 4:00 PM (IST) and concluded at 5:30 PM (IST)
  • Results were reviewed by the Audit Committee and approved by the Board of Directors
  • Subjected to limited review by statutory auditors MSKA & Associates LLP

Financial Results Summary (Rs. in lakhs)

Quarter Ended 30 September 2026:

  • Revenue from operations: ₹12,186.76
  • Total expenses: ₹11,975.46
  • Profit before tax: ₹1,317.83
  • Tax expense: ₹1,171.99
  • Net profit after tax: ₹1,303.27
  • Earnings per share (face value ₹10): Not specifically quantified in disclosure

Six Months Ended 30 September 2026:

  • Revenue from operations: ₹12,186.76
  • Total expenses: ₹19,406.59
  • Profit before tax: ₹1,317.83
  • Tax expense: ₹1,171.99
  • Net profit after tax: ₹1,303.27

Comparative Figures (Quarter Ended 30 June 2026):

  • Net profit after tax: ₹(914.41) (loss)

Comparative Figures (Six Months Ended 30 September 2025):

  • Revenue from operations: ₹12,186.76
  • Net profit after tax: ₹(797.82) (loss)

Key Operational Highlights

Segment Information:

  • The company is primarily engaged in manufacturing of chemical products within a single reportable segment
  • Major operations are in India with no significant revenue or non-current operating assets located outside India
  • No subsidiaries, joint ventures, or associates

Raw Material Price Volatility:

  • Ammonia prices have been fluctuating widely due to geopolitical issues in Middle-East
  • Volatility expected to continue in ensuing quarter until situation normalizes

Significant Transactions

Insurance Claim Settlement:

  • Company lodged insurance claim of ₹1,519.99 lakhs relating to loss of inventory from flood in December 2023
  • Received ₹900.00 lakhs in previous year
  • Received ₹898.46 lakhs in current period
  • Excess amount of ₹278.47 lakhs recognized as other income

Taxation:

  • Company exercised option of lower tax rate under Section 200 of Income Tax Act 2025 (erstwhile Section 115BAA)
  • Remeasured opening balance of Deferred Tax Liabilities (net) as at 1 April 2026
  • Accounted tax credit of ₹190.56 lakhs comprising:
  • ₹108.79 lakhs in Statement of Profit and Loss
  • ₹81.77 lakhs in Other Comprehensive Income

Financial Position as at 30 September 2026 (Rs. in lakhs)

Assets:

  • Total assets: ₹62,657.47
  • Non-current assets: ₹54,848.72 (including Property, Plant and Equipment: ₹31,746.53)
  • Current assets: ₹7,808.75 (including Inventories: ₹4,934.39, Cash and cash equivalents: ₹448.24)

Equity and Liabilities:

  • Total equity: ₹19,252.53 (Equity share capital: ₹12,186.76, Other equity: ₹7,065.77)
  • Total liabilities: ₹43,404.94
  • Non-current liabilities: ₹19,354.27 (including Borrowings: ₹2,000.00)
  • Current liabilities: ₹24,050.67 (including Borrowings: ₹11,000.00)

Cash Flow Statement for Six Months Ended 30 September 2026 (Rs. in lakhs)

Operating Activities:

  • Cash generated from operations: ₹1,514.43
  • Income tax paid: ₹51.57
  • Net cash from operating activities: ₹1,566.00

Investing Activities:

  • Purchase of property, plant and equipment: ₹(2,566.82)
  • Net cash used in investing activities: ₹(1,804.75)

Financing Activities:

  • Proceeds from short term borrowings (net): ₹1,000.00
  • Interest paid: ₹(353.23)
  • Net cash from financing activities: ₹646.77

Net Change:

  • Net increase in cash and cash equivalents: ₹408.02
  • Cash and cash equivalents at beginning: ₹40.22
  • Cash and cash equivalents at end: ₹448.24

Auditor's Review

MSKA & Associates LLP conducted limited review and concluded that nothing came to their attention causing them to believe that the financial results contain any material misstatement.