Board approves Sept-quarter results, 46% investment in Swaccha Eco Solutions, Rs. 47 crore warrants
Unaudited Q2/H1 results (standalone and consolidated); auditor's review conclusion is unmodified.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 4,952.82 | — | — | — | — |
| Total income | 5,179.08 | 2,505.81 | +107% | 4,912.47 | +5.4% |
| Profit before tax | 273.75 | — | — | — | — |
| Profit after tax | 177.27 | 68.84 | +158% | 186.34 | −4.9% |
| Total comprehensive income | 181.68 | 61.91 | +193% | 196.55 | −7.6% |
| Basic EPS | 0.53 | — | — | — | — |
- Period
- Quarter Ended September 30, 2026
Also decided at the meeting
- Approved revised terms of investment in Swaccha Eco Solutions Pvt Ltd: 85,200 equity shares at ₹250 per share, total ₹2,13,00,000, 46% of paid-up capital, making it an associate.
Auditor's review
Conclusion: Unmodified
- Did not review ten subsidiaries (total assets Rs. 4568.87 million; quarter revenues Rs. 1,859.71, PAT Rs. 78.42 million) and five joint ventures (share of loss Rs. 11.91 million); relied on other auditors. Conclusion not modified.
Notes to the results
- Allotted 2,00,00,000 convertible warrants at ₹23.50 each (premium ₹22.50), aggregating ₹47,00,00,000; 25% (₹11.75 crore) received, balance 75% within 18 months.
Results in brief
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026, along with the limited review report of the statutory auditors, Shah & Taparia.
Consolidated figures as printed (in Rs. million)
- Revenue from operations for the quarter: 4,952.82, against 2,360.81 in the same quarter a year earlier
- Total income for the quarter: 5,179.08, against 2,505.81
- Profit after tax for the quarter: 177.27, against 68.84
- Profit after tax for the half year: 363.61, against 84.73
- Basic and diluted earnings per share for the quarter: 0.53, against 0.20
- Total expenses for the quarter: 4,893.42
Revenue split by geography for the quarter: within India 817.70 and outside India 4,135.12. The group operates in a single operating segment, Fish & Insects Protein.
Auditor's conclusion
The auditors state that nothing has come to their attention that causes them to believe the statement is not prepared in accordance with the applicable accounting standards, or that it contains any material misstatement. The conclusion is not modified.
The auditors did not review the interim financial information of ten subsidiaries and five joint ventures; those were reviewed by other auditors. Those subsidiaries reflect total assets of Rs. 4568.87 million as at September 30, 2026, total revenues of Rs. 1,859.71 million and Rs. 3371.17 million for the quarter and half year, and net cashflow of Rs. 107.39 million for the half year. The five joint ventures reflect share of loss of Rs. 11.91 million and Rs. 21.42 million for the quarter and half year.
Investment in Swaccha Eco Solutions
The board approved revising the terms of the investment proposed to be made in Swaccha Eco Solutions Private Limited (SESPL) by subscribing to 85,200 equity shares at a price of ₹250/- per share, aggregating to ₹2,13,00,000/-. This represents 46% of the paid-up capital of SESPL, making it an associate of the company.
Convertible warrants
During the quarter under review, the company allotted 2,00,00,000 Convertible Warrants on a preferential basis. Each warrant carries a right to subscribe to one fully paid-up equity share of face value ₹1/- at an issue price of ₹23.50/- per warrant (including a premium of ₹22.50/-), aggregating to ₹47,00,00,000/-. The company has received 25% of the issue price, aggregating ₹11.75 crore, with the balance 75% payable at the time of exercise of the conversion option, within 18 months from the date of allotment.
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Board meeting on 7 November 2026 to approve unaudited results for quarter and half year ended 30 September 2026
2 Nov 2026
More numbers
- Investment in Swaccha Eco Solutions (SESPL)₹2,13,00,000/-
- Equity shares subscribed in SESPL85,200 equity shares
- SESPL stake as share of paid-up capital46%
- Consolidated Profit after tax, half year ended Sep 30, 2026363.61 million
- Convertible warrants allotted on preferential basis2,00,00,000
- Aggregate warrant issue size₹47,00,00,000/-
- Total income, latest quarter5,179.08 (Rupees in million)
- Total income, year-ago quarter2,505.81 (Rupees in million)
- Total income, previous quarter4,912.47 (Rupees in million)
- Total comprehensive income, latest quarter181.68 (Rupees in million)
- Total comprehensive income, year-ago quarter61.91 (Rupees in million)
- Total comprehensive income, previous quarter196.55 (Rupees in million)
- Profit after tax, latest quarter177.27 (Rupees in million)
- Profit after tax, year-ago quarter68.84 (Rupees in million)
- Profit after tax, previous quarter186.34 (Rupees in million)
- Revenue from operations, latest quarter4,952.82 (Rupees in million)
- Profit before tax, latest quarter273.75 (Rupees in million)
- Revenue from operations, year-ago quarter2,360.81
- Revenue from operations, previous quarter4,748.04
- Profit before tax, year-ago quarter92.78
- Profit before tax, previous quarter273.74
- Basic EPS, year-ago quarter0.20
- Basic EPS, previous quarter0.63
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