Key Financial Performance
Revenue Performance:
- Revenue from operations: ₹2,138.14 lakh (H1 FY27) vs ₹1,924.44 lakh (H1 FY26) - 11.1% increase
- Other income: ₹9.83 lakh (H1 FY27) vs ₹32.98 lakh (H1 FY26)
- Total revenue: ₹2,147.97 lakh (H1 FY27) vs ₹1,957.42 lakh (H1 FY26)
Profitability:
- Loss before tax: ₹36.80 lakh (H1 FY27) vs Profit of ₹18.76 lakh (H1 FY26)
- Tax expense: Deferred tax credit of ₹9.26 lakh (H1 FY27) vs tax expense of ₹4.00 lakh (H1 FY26)
- Net loss: ₹27.54 lakh (H1 FY27) vs Net profit of ₹14.76 lakh (H1 FY26)
- Earnings per share (basic and diluted): (₹0.17) (H1 FY27) vs ₹0.12 (H1 FY26)
Expense Breakdown:
- Cost of materials consumed: ₹1,690.89 lakh (81.2% of revenue from operations)
- Employee benefits expenses: ₹251.11 lakh
- Finance costs: ₹51.15 lakh
- Depreciation and amortization: ₹39.43 lakh
- Other expenses: ₹226.17 lakh
Balance Sheet Position (as at September 30, 2026)
Equity and Liabilities:
- Share capital: ₹1,618.33 lakh (unchanged from March 2026)
- Reserves and surplus: ₹48.19 lakh (decreased from ₹75.72 lakh at March 2026)
- Long-term borrowings: ₹281.91 lakh (decreased from ₹368.17 lakh)
- Short-term borrowings: ₹943.88 lakh (decreased from ₹965.62 lakh)
- Trade payables: ₹771.36 lakh (₹107.85 lakh to micro/small enterprises, ₹663.51 lakh to others)
- Total liabilities: ₹3,826.39 lakh (increased from ₹3,638.45 lakh at March 2026)
Assets:
- Property, plant and equipment: ₹756.37 lakh (₹739.11 lakh tangible, ₹17.26 lakh intangible)
- Inventories: ₹1,162.04 lakh (increased from ₹1,030.49 lakh)
- Trade receivables: ₹1,731.24 lakh (increased from ₹1,489.94 lakh)
- Cash and cash equivalents: ₹72.25 lakh (decreased from ₹278.03 lakh)
- Total assets: ₹3,826.39 lakh
Cash Flow Analysis
Operating Activities:
- Net cash used in operating activities: ₹54.56 lakh
- Cash generated from operations: negative ₹54.56 lakh
Investing Activities:
- Net cash from investing activities: ₹7.93 lakh (primarily from sale of fixed assets)
Financing Activities:
- Net cash used in financing activities: ₹159.15 lakh
- Repayment of long-term borrowings: ₹86.26 lakh
- Repayment of short-term borrowings: ₹21.74 lakh
- Interest paid: ₹51.15 lakh
Segment Reporting
The company operates in two business segments:
Speciality Chemicals-Adhesives:
- Revenue: ₹1,314.64 lakh (H1 FY27)
- Segment profit before tax and interest: ₹10.63 lakh
- Segment assets: ₹1,572.40 lakh
Plywood Boards:
- Revenue: ₹823.50 lakh (H1 FY27)
- Segment profit before tax and interest: ₹40.83 lakh
- Segment assets: ₹2,112.38 lakh
Additional Notes
- The company recovered dues of ₹1.37 lakh from trade receivables previously written off, recognized as other income
- Figures for half year ended March 31, 2026, are balancing figures between audited annual figures and previous half year
- The company is exempt from adopting IND-AS as it is listed on SME exchange
- Previous periods' figures have been regrouped/reclassified for comparability
- The limited review was conducted by P.D. Goenka & Co., Chartered Accountants (Firm Registration No.: 103260W)