Approval Process

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 13th November 2026. The Board meeting commenced at 10:30 AM IST and concluded at 12:15 PM IST.

Financial Performance - Quarter Ended 30th September 2026 (Audited)

  • Revenue from operations: ₹10,660.10 lakhs (compared to ₹8,008.70 lakhs in Q2 FY26)
  • Other income: ₹116.80 lakhs
  • Total Income: ₹10,776.90 lakhs
  • Profit before tax: ₹209.10 lakhs (compared to loss of ₹350.80 lakhs in Q2 FY26)
  • Tax expense: ₹63.00 lakhs (Current tax: ₹59.00 lakhs, Deferred tax: ₹4.00 lakhs)
  • Profit for the period: ₹146.10 lakhs (compared to loss of ₹265.30 lakhs in Q2 FY26)
  • Earnings per share (Basic & Diluted): ₹10.37 (compared to negative ₹18.83 in Q2 FY26)

Financial Performance - Half Year Ended 30th September 2026 (Audited)

  • Revenue from operations: ₹21,843.90 lakhs (compared to ₹16,667.00 lakhs in H1 FY26)
  • Other income: ₹251.70 lakhs
  • Total Income: ₹22,095.60 lakhs
  • Profit before tax: ₹901.80 lakhs (compared to loss of ₹133.10 lakhs in H1 FY26)
  • Tax expense: ₹255.80 lakhs
  • Profit for the period: ₹646.00 lakhs (compared to loss of ₹107.00 lakhs in H1 FY26)
  • Earnings per share (Basic & Diluted): ₹45.86 (compared to negative ₹7.60 in H1 FY26)

Segment Performance - Quarter Ended 30th September 2026

Segment Revenue:

  • Poultry and Poultry Products: ₹5,135.70 lakhs
  • Animal Health Products: ₹985.00 lakhs
  • Oilseed: ₹4,941.50 lakhs
  • Total Segment Revenue: ₹11,063.20 lakhs
  • Less: Inter-segment Revenue: ₹403.10 lakhs
  • Revenue From Operations: ₹10,660.10 lakhs

Segment Results (Profit/(Loss) before tax and interest):

  • Poultry and Poultry Products: ₹101.20 lakhs (compared to loss of ₹583.10 lakhs in Q2 FY26)
  • Animal Health Products: ₹230.60 lakhs
  • Oilseed: ₹8.60 lakhs
  • Total: ₹340.40 lakhs

Balance Sheet Position as at 30th September 2026

  • Total Assets: ₹22,535.80 lakhs (compared to ₹23,086.60 lakhs as at 31st March 2026)
  • Non-current Assets: ₹8,067.50 lakhs
  • Current Assets: ₹14,468.30 lakhs
  • Equity: ₹16,466.20 lakhs (Equity Share capital: ₹140.90 lakhs, Other Equity: ₹16,325.30 lakhs)
  • Total Liabilities: ₹6,069.60 lakhs

Cash Flow Statement - Half Year Ended 30th September 2026

  • Net cash used in operating activities: ₹(1,106.40) lakhs
  • Net cash generated by investing activities: ₹501.20 lakhs
  • Net cash used in financing activities: ₹(5.10) lakhs
  • Net decrease in cash and cash equivalents: ₹(610.30) lakhs
  • Cash and cash equivalents at end of period: ₹11.30 lakhs

Key Operational Notes

1. Better operational efficiency and improved realizations in Q2 helped the poultry segment's performance compared to Q2 of last year, which is generally off-season for the poultry sector due to festivals and fasting periods.

2. Animal Health Products Segment's performance has been satisfactory.

3. Oilseed Segment's profitability has been affected due to volatile/high soya seed prices and lower realizations from the sale of de-oiled cakes.

Auditor's Opinion

Sudit K. Parekh & Co. LLP, Chartered Accountants (Firm Registration No. 110512WW100378), issued an unqualified opinion stating that the financial results:

  • Are presented in accordance with Regulation 33 requirements of SEBI Listing Regulations
  • Give a true and fair view in conformity with IND AS 34 and other accounting principles generally accepted in India

The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013.

Additional Information

  • Previous year/period figures have been regrouped/reclassified to conform to the current year's presentation.
  • The financial results include segment assets and liabilities breakdown by business segments.
  • Paid-up equity share capital remained unchanged at ₹140.90 lakhs (Face Value of ₹10/- each).