Board approves amalgamation of wholly owned subsidiary Bhagyalaxmi Dairy Farms with the company
Unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, with the auditors' limited review reports.
By ScoutQuest · · 2 min read
- Consolidated Q2 revenue from operations
- Rs. 1,240.89 crore
- Consolidated Q2 profit after tax
- Rs. 42.00 crore
- Standalone Q2 revenue from operations
- Rs. 1,215.42 crore
Two decisions from one board meeting
The Board of Directors met on November 3, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the limited review reports of the statutory auditors. The Board also approved a Scheme of Amalgamation of Bhagyalaxmi Dairy Farms Private Limited, a wholly owned subsidiary, with the company and their respective shareholders.
Quarter ended September 30, 2026: standalone
- Revenue from operations: Rs. 1,215.42 crore, against Rs. 981.15 crore in the quarter ended September 30, 2025.
- Profit after tax: Rs. 49.26 crore, against Rs. 55.70 crore.
Quarter ended September 30, 2026: consolidated
- Revenue from operations: Rs. 1,240.89 crore, against Rs. 1,007.95 crore.
- Profit after tax: Rs. 42.00 crore, against Rs. 45.65 crore.
The auditors' review
The statutory auditors issued an unmodified review conclusion on both the standalone and consolidated results. For the consolidated results, they relied on management-certified interim financial statements of one subsidiary and stated that these are not material to the group.
What the amalgamation involves
- Bhagyalaxmi Dairy Farms Private Limited is a wholly owned subsidiary of the company.
- The Scheme is framed under Sections 230 to 232 of the Companies Act, 2013, covering the transferor company, the transferee company and their respective shareholders.
- It is subject to sanction by the National Company Law Tribunal, and to approvals from shareholders and creditors as may be directed by the NCLT, plus other regulatory approvals as may be required.
- Pending these approvals, the Scheme has not been given effect in the standalone financial results.
How to read this
The Scheme is an approved proposal that still has to clear the NCLT process and the approvals that come with it. Until then, results continue to be reported as before, with the subsidiary consolidated into the group. The next visible steps are the shareholder and creditor meetings that the NCLT directs, followed by the Tribunal's sanction order.
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More numbers
- Consolidated revenue from operations, Q2 FY271,240.89 crore
- Consolidated profit after tax, Q2 FY2742.00 crore
- Consolidated revenue from operations, Q2 FY261,007.95 crore
- Consolidated profit after tax, Q2 FY2645.65 crore
- Standalone revenue from operations, Q2 FY271,215.42 crore
- Standalone profit after tax, Q2 FY2749.26 crore
- Standalone revenue from operations, Q2 FY26981.15 crore
- Standalone profit after tax, Q2 FY2655.70 crore
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