Board approves unaudited Q2 and H1 FY27 results; auditor conclusion unmodified, flags excise case
Board of Century Enka met on 27 October 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 55,823 | 40,870 | +36.6% | 55,429 | +0.7% |
| Total income | 56,804 | 41,702 | +36.2% | 56,278 | +0.9% |
| Profit before tax | 2,736 | 2,543 | +7.6% | 7,973 | −65.7% |
| Profit after tax | 1,849 | 2,233 | −17.2% | 6,170 | −70% |
| Total comprehensive income | 1,787 | 2,267 | −21.2% | 6,319 | −71.7% |
| Basic EPS | 8.46 | 10.22 | −17.2% | 28.24 | −70% |
- Profit after tax YoY
- 2,233 (−17.2%)
- Period
- Three Months Ended 30-Sep-26
Auditor's review
Conclusion: Unmodified
- Emphasis of Matter (Note 3): excise demand of Rs.22,927 lakhs re-determined to Rs.730 lakhs plus interest and equal penalty; Company's appeal pending before Supreme Court; no provision made.
- Other matter: Group's share of net Profit/(loss) of associate of Rs. (-) 15 Lakhs (quarter) and Rs.24 Lakhs (half year) reviewed by other auditors.
Notes to the results
- Note 3: Excise demand of Rs.22,927 lacs re-determined to Rs.730 lacs; Rs.730 Lacs duty deposited under protest; appeal pending before Supreme Court; no provision required per legal advice.
- Note 4: Rs 186 Lacs recognised as Statutory Impact of New Labour Codes under Exceptional Items in results for year ended 31st March, 2026.
Century Enka's board met on Tuesday, 27 October 2026, from 12:00 noon to 01:47 p.m. (IST), and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, together with the limited review report.
Results snapshot, quarter (standalone, Rs in lacs)
- 'Revenue from operations' 55,823, against 40,870 in the same quarter a year earlier.
- 'Total income' 56,804, against 41,702.
- 'Profit before tax' 2,751, against 2,566.
- 'Profit after tax' 1,864, against 2,256.
- Basic and diluted EPS Rs 8.53, against Rs 10.33.
Half year (standalone, Rs in lacs)
- 'Revenue from operations' 1,11,252, against 81,023 a year earlier.
- 'Profit before tax' 10,685, against 4,467.
- 'Profit after tax' 7,995, against 3,791.
- Basic and diluted EPS Rs 36.59, against Rs 17.35.
Consolidated view (Rs in lacs)
- Quarter 'Revenue from operations' 55,823; 'Profit after tax' 1,849, against 2,233 a year earlier; EPS Rs 8.46 against Rs 10.22.
- Half year 'Profit after tax' 8,019, against 3,771; EPS Rs 36.70 against Rs 17.26.
- The share of profit of the associate, Rs (-) 15 lakhs for the quarter and Rs.24 lakhs for the half year, was reviewed by other auditors.
What the auditor said
- The review conclusion on the statement is not modified.
- Emphasis of Matter, Note 3: the Excise Department had issued an order dated 31st December 2013 denying the applicability of Notification No. 6/2000, raising a demand of Rs.22,927 lakhs plus interest and penalty equal to the duty amount. CESTAT, by order dated 20th December 2019, upheld the denial and remanded the matter back; the Commissioner, CGST & Central Excise, Raigad then re-determined the assessable value and confirmed a demand of Rs.730 lakhs plus applicable interest and an equal amount of penalty, by order dated 8th September 2020. The Department has appealed before the Appellate Tribunal, and the company's appeal is pending before the Hon'ble Supreme Court of India.
- The company has been advised by legal experts that it has a fair chance of ultimately succeeding, and accordingly no provision is required to be made in the accounts.
Other points in the statement
- The exceptional items line shows (186) lacs in the year ended 31 March 2026 column, described as statutory impact of New Labour Code.
- Paid-up equity share capital stands at 2,185 lacs, made of shares of face value Rs. 10 each.
- The results were reviewed and recommended by the Audit Committee and approved by the Board at its meeting held on 27th October 2026.
How to read this
The headline numbers show 'Revenue from operations' rising year on year in the quarter, while standalone 'Profit after tax' for the quarter is lower than the year-earlier quarter, even as the half-year 'Profit after tax' is higher. The auditor's report carries no modification; the excise matter is presented as an emphasis point with no provision made, which means the outcome of the pending appeal can affect future accounts if it goes against the company.
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More numbers
- Profit after tax, standalone, quarter ended 30-Sep-2026 (Rs in lacs)1,864
- Profit after tax, standalone, quarter ended 30-Sep-2025 (Rs in lacs)2,256
- Total income, standalone, six months ended 30-Sep-2026 (Rs in lacs)1,13,082
- Excise demand re-determined by Commissioner, CGST & Central Excise, RaigadRs.730 lakhs
- Original excise demand raised in order dated 31st December 2013Rs.22,927 lakhs
- Total income, latest quarter56,804 (Rs Lacs)
- Total income, year-ago quarter41,702 (Rs Lacs)
- Total income, previous quarter56,278 (Rs Lacs)
- Total comprehensive income, latest quarter1,787 (Rs Lacs)
- Total comprehensive income, year-ago quarter2,267 (Rs Lacs)
- Total comprehensive income, previous quarter6,319 (Rs Lacs)
- Profit after tax, latest quarter1,849 (Rs Lacs)
- Profit after tax, year-ago quarter2,233 (Rs Lacs)
- Profit after tax, previous quarter6,170 (Rs Lacs)
- Revenue from operations, latest quarter55,823 (Rs Lacs)
- Revenue from operations, year-ago quarter40,870 (Rs Lacs)
- Revenue from operations, previous quarter55,429 (Rs Lacs)
- Profit before tax, latest quarter2,736 (Rs Lacs)
- Profit before tax, year-ago quarter2,543 (Rs Lacs)
- Profit before tax, previous quarter7,973 (Rs Lacs)
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