Board approves Q2 results, re-appoints MD & CEO and Whole Time Director
Board approved unaudited standalone results for the quarter and half year ended September 30, 2026, along with the auditors' review report.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 16,048.24 | 8,930.24 | +79.7% | 14,087.03 | +13.9% |
| Total income | 16,051.65 | 8,933.64 | +79.7% | 14,090.39 | +13.9% |
| Profit before tax | 1,408.53 | (140.47) | — | 1,594.81 | −11.7% |
| Profit after tax | 1,332.16 | (136.90) | — | 1,521.24 | −12.4% |
| Total comprehensive income | 1,298.16 | (166.60) | — | 1,595.90 | −18.7% |
| Basic EPS | 16.58 | (1.70) | — | 18.94 | −12.5% |
- Total income YoY growth
- 8,933.64 (+79.7%)
- Period
- 30-09-2026 (Unaudited)
Also decided at the meeting
- Approved change in designation and re-appointment of Mr. Munjal M. Jaykrishna as Managing Director & CEO for three years w.e.f. October 19, 2026, subject to shareholders' approval.
- Approved revision in remuneration of Mr. Sachin M. Jaykrishna, Whole Time Director, w.e.f. October 19, 2026 up to August 01, 2027, subject to shareholders' approval.
- Approved re-appointment of Mr. Sachin M. Jaykrishna as Whole Time Director (Executive Director) for three years w.e.f. August 02, 2027, subject to shareholders' approval.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Fire on 2nd May 2024 at VS Plant, Indrad: loss of Rs. 402.18 Lakhs and matching insurance claim receivable presented on a net basis (Nil) under Exceptional Items.
- In Q2 FY 2025-26 the Company received part settlement of Rs.543.16 lakh and was intimated of Rs.28.63 lakh final settlement; recognised Rs.169.61 lakh as an exceptional item for that quarter.
- The Company operates in a single segment, Chemical Business.
Results at a glance
The board approved unaudited standalone financial results for the quarter and half year ended September 30, 2026. Figures below are as printed, in Rs. in lakhs.
- Revenue from operations for the quarter: 16,048.24, against 8,930.24 in the same quarter a year earlier.
- Profit for the period from continuing operations for the quarter: 1,332.16.
- Basic earnings per share for the quarter: 16.58.
For the half year, Revenue from operations was 30,135.27 and Profit for the period from continuing operations was 2,853.40.
One-off item in the quarter
The quarter carries an exceptional item of 169.61 lakh, an insurance claim receivable recognised on the fire at the company's VS Plant in May 2024. The company states the insurer intimated this additional amount as final settlement before the board meeting, and that the outstanding insurance claim receivables are in line with the terms of the insurance policies and communications received from the insurer.
Auditor's review conclusion
Talati & Talati LLP reviewed the statement and stated that nothing came to its attention that caused it to believe the statement had not disclosed the information required, or that it contained any material misstatement. The report sets out that this is a review of interim financial information and not an audit, and that no audit opinion is expressed.
Leadership decisions approved
- Munjal M. Jaykrishna: change in designation and re-appointment as Managing Director & CEO for three consecutive years with effect from October 19, 2026, liable to retire by rotation.
- Sachin M. Jaykrishna: revision in remuneration as Whole Time Director (Executive Director) with effect from October 19, 2026 up to his remaining tenure, i.e. up to August 01, 2027.
- Sachin M. Jaykrishna: re-appointment as Whole Time Director (Executive Director) for a term of three consecutive years with effect from August 02, 2027, liable to retire by rotation.
All of these are subject to the approval of the shareholders. The disclosures state that Munjal M. Jaykrishna is the son of Chairperson & Managing Director Paru M. Jaykrishna and the father of Sachin M. Jaykrishna, and that both directors are not debarred from holding the office of director.
What a retail reader can take away
The update combines a quarterly earnings update with senior-management continuity decisions. The auditor's review conclusion is that nothing came to its attention indicating a material misstatement, and the quarter's profit figure sits alongside an exceptional item of 169.61 lakh recognised on the insurance claim. The leadership items take effect only after shareholder approval.
Also from AksharChem India
Board Meeting on 19 October 2026 to Consider and Approve Unaudited Q2/H1 Results
9 Oct 2026
More numbers
- Revenue from operations – half year (Rs. in lakhs)30,135.27
- Profit for the period from continuing operations – half year (Rs. in lakhs)2,853.40
- Exceptional item – insurance claim recognised (Rs. in lakhs)169.61
- Term of re-appointment of MD & CEO and Whole Time Directorthree consecutive years
- Total income, latest quarter16,051.65 (Rs. in lakhs)
- Total income, year-ago quarter8,933.64 (Rs. in lakhs)
- Total income, previous quarter14,090.39 (Rs. in lakhs)
- Total comprehensive income, latest quarter1,298.16 (Rs. in lakhs)
- Total comprehensive income, year-ago quarter(166.60) (Rs. in lakhs)
- Total comprehensive income, previous quarter1,595.90 (Rs. in lakhs)
- Profit after tax, latest quarter1,332.16 (Rs. in lakhs)
- Profit after tax, year-ago quarter(136.90) (Rs. in lakhs)
- Profit after tax, previous quarter1,521.24 (Rs. in lakhs)
- Revenue from operations, latest quarter16,048.24 (Rs. in lakhs)
- Revenue from operations, year-ago quarter8,930.24 (Rs. in lakhs)
- Revenue from operations, previous quarter14,087.03 (Rs. in lakhs)
- Profit before tax, latest quarter1,408.53 (Rs. in lakhs)
- Profit before tax, year-ago quarter(140.47) (Rs. in lakhs)
- Profit before tax, previous quarter1,594.81 (Rs. in lakhs)
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