Board approves unaudited standalone and consolidated results for quarter and half year ended 30 September 2026
Board approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, along with limited review reports.
By ScoutQuest · · 3 min read
- Standalone Q2 Sales
- Rs. 1,080.98 lakhs
- Standalone Q2 Net Profit
- Rs. 119.69 lakhs vs Rs. 49.57 lakhs a year ago
- Consolidated Q2 Net Profit
- Rs. 170.94 lakhs vs Rs. 91.95 lakhs
- Consolidated H1 Net Profit
- Rs. 242.43 lakhs vs Rs. 576.70 lakhs
- Fair Value Gains on Investments (Consolidated H1)
- Rs. 176.62 lakhs
All figures are in Rs. lakhs, as printed in the update.
What the board approved
Polychem's board met on 3 November 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, together with the auditors' limited review reports. The numbers cover July to September 2026, and the six months from April to September 2026.
Standalone results (the company on its own)
- Sales: Rs. 1,080.98 lakhs in the September quarter, against Rs. 538.63 lakhs in the same quarter last year.
- Total income: Rs. 1,165.05 lakhs, against Rs. 589.31 lakhs.
- Total expenses: Rs. 1,020.10 lakhs, against Rs. 530.87 lakhs.
- Net profit: Rs. 119.69 lakhs, against Rs. 49.57 lakhs.
- Half-year net profit: Rs. 120.91 lakhs, against Rs. 230.78 lakhs a year earlier.
- Basic EPS: Rs. 29.62 for the quarter (Rs. 12.27 earlier) and Rs. 29.92 for the half year (Rs. 57.12 earlier). EPS is not annualised.
Consolidated results (company plus subsidiary Gujarat Poly Electronics Ltd)
- Total income: Rs. 1,739.75 lakhs for the quarter, against Rs. 1,057.15 lakhs.
- Total expenses: Rs. 1,499.79 lakhs, against Rs. 947.03 lakhs.
- Net profit: Rs. 170.94 lakhs, against Rs. 91.95 lakhs.
- Half-year net profit: Rs. 242.43 lakhs, against Rs. 576.70 lakhs.
- Basic EPS: Rs. 33.59 for the quarter (Rs. 17.73 earlier) and Rs. 42.95 for the half year (Rs. 101.71 earlier).
- Profit attributable to owners of the parent in the quarter: Rs. 135.72 lakhs; non-controlling interest Rs. 35.22 lakhs.
What sits inside the profit
- The results include gains from fair value measurement of investments, shown under other income: standalone Rs. 15.01 lakhs in the quarter and Rs. 89.92 lakhs in the half year; consolidated Rs. 55.17 lakhs in the quarter and Rs. 176.62 lakhs in the half year.
- Read together, the quarter was stronger than the same quarter last year, while the consolidated half-year profit is lower than the previous half year.
Business segments
The group reports three business segments: property development, specialty chemicals, and manufacturing and trading in capacitors.
Balance sheet and cash (standalone)
- Total assets: Rs. 4,760.86 lakhs as at 30 September 2026, against Rs. 4,615.73 lakhs as at 31 March 2026.
- Total equity: Rs. 4,367.66 lakhs, against Rs. 4,328.27 lakhs.
- Trade receivables: Rs. 647.93 lakhs, against Rs. 294.89 lakhs; inventories Rs. 593.46 lakhs, against Rs. 448.93 lakhs.
- Net cash used in operating activities for the half year: Rs. 365.77 lakhs.
- Dividends paid during the half year: Rs. 80.81 lakhs.
- Cash and cash equivalents at the end of the half year: Rs. 112.17 lakhs.
Review, not audit
The statutory auditor, Nayan Parikh & Co., carried out a limited review and stated that nothing came to its attention that would suggest the statements contain a material misstatement. A limited review is narrower in scope than a full audit. The auditor did not review the standalone results of the subsidiary; those were reviewed by another auditor, and the auditor's conclusion on the consolidated results is not modified on that account.
Points a retail investor may note
- The September quarter showed higher sales and profit than the same quarter last year, on both standalone and consolidated bases.
- The consolidated half-year profit of Rs. 242.43 lakhs compares with Rs. 576.70 lakhs in the same half last year.
- A part of the reported profit comes from fair value gains on investments rather than from operations alone.
- The board meeting began at 11.30 a.m. and concluded at 2.45 p.m.
Also from Polychem
Consolidated results for the quarter ended September 30, 2026
3 Nov 2026
Board approves standalone and consolidated unaudited results for quarter and half year ended September 30, 2026
3 Nov 2026
Board meeting on 3rd November, 2026 to consider Q2 and H1 FY27 results
26 Oct 2026
More numbers
- Standalone sales, quarter ended 30 Sep 20261,080.98 lakhs
- Standalone net profit, quarter ended 30 Sep 2026119.69 lakhs
- Standalone net profit, quarter ended 30 Sep 202549.57 lakhs
- Consolidated total income, quarter ended 30 Sep 20261,739.75 lakhs
- Consolidated net profit, quarter ended 30 Sep 2026170.94 lakhs
- Consolidated net profit, half year ended 30 Sep 2026242.43 lakhs
- Consolidated net profit, half year ended 30 Sep 2025576.70 lakhs
- Fair value gain on investments, consolidated half year176.62 lakhs
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