Board approves September quarter and half-year results; auditors issue unmodified review conclusion
Sayaji Industries' board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 26,354.95 | 24,931.37 | +5.7% | 28,807.53 | −8.5% |
| Total income | 26,432.58 | 24,968.89 | +5.9% | 28,989.67 | −8.8% |
| Profit before tax | 387.29 | (1,242.18) | — | 935.90 | −58.6% |
| Profit after tax | 313.58 | (916.42) | — | 733.71 | −57.3% |
| Total comprehensive income | 296.18 | (903.35) | — | 730.80 | −59.5% |
| Basic EPS | 1.35 | (3.65) | — | 2.78 | −51.4% |
- Period
- Sept 30, 2026
Auditor's review
Conclusion: Unmodified
- Other matter: three subsidiaries (total assets Rs. 7084.31 lakhs) and a joint venture are included based on management-certified, unreviewed interim results; conclusion not modified.
Notes to the results
- During quarter ended 30 June 2026 the Holding company changed inventory valuation from FIFO to Weighted Average basis, applied retrospectively from 01 April 2025.
- As at 01 April 2025, inventory decreased by Rs. 9.03 lakhs and retained earnings decreased by Rs. 6.76 lakhs (net of tax) due to the policy change.
Sayaji Industries Ltd's board met on 22 October 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the statutory auditors' limited review report.
What the board approved
- Unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026
- The limited review report of Shah & Shah Associates, Chartered Accountants
- The results were reviewed by the audit committee and thereafter approved by the board
The auditor's conclusion
The review report carries an unmodified conclusion. The auditors state that nothing has come to their attention that causes them to believe the statements are not prepared in line with the applicable accounting standards, or that they contain any material misstatement. A limited review gives moderate assurance and is narrower in scope than a full audit, so it is not an audit opinion.
Standalone results (₹ in lakhs)
- Revenue from operations for the quarter: 25,618.60
- Profit after tax for the quarter: 390.75
- Revenue from operations for the six months: 51,967.07
- For the quarter ended 30 September 2025, profit/(loss) after tax was (904.16)
Consolidated results (₹ in lakhs)
- Revenue from operations for the quarter: 26,354.95
- Profit after tax for the quarter: 313.58
- Profit after tax for the six months: 1,047.29
- The consolidated statement covers Sayaji Seeds LLP, converted into Sayaji Seeds Private Limited, a subsidiary from 9 January 2026, Sayaji Industries FZC UAE, Sayaji Ingritech Limited and the Alland and Sayaji LLP joint venture
The auditors note that the consolidated results include interim financial information of certain subsidiaries and a joint venture that has not been reviewed by their auditors and is certified by management. Their conclusion is not modified in respect of this matter.
Accounting policy change
During the quarter ended 30 June 2026 the company changed its method of inventory valuation from the FIFO basis to the weighted average basis, one of the methods permitted under Ind AS 2. The change has been applied retrospectively to all prior periods presented, and comparative figures have been adjusted so they reflect what the results would have been under the weighted average method. As at 1 April 2025, the value of inventory decreased by Rs. 9.03 lakhs.
What this means for a retail investor
- The quarter shows a profit at both the standalone and consolidated level, compared with a standalone loss in the same quarter a year earlier.
- The unmodified review conclusion means the auditors' limited review did not bring up anything they believe indicates a material misstatement.
- The inventory accounting change and the restatement of earlier figures affect how this period compares with older numbers; the update adjusts the prior periods so the comparison is on the same basis.
- Part of the consolidated numbers rests on management-certified, not auditor-reviewed, interim results of certain group entities, which the auditors have specifically flagged in their report.
Also from Sayaji Industries
Conveyance deed executed for sale of idle Kathwada land for Rs. 73 crore
19 Oct 2026
More numbers
- Standalone revenue from operations, quarter ended 30 Sep 202625,618.60 lakhs
- Standalone profit after tax, quarter ended 30 Sep 2026390.75 lakhs
- Standalone profit/(loss) after tax, quarter ended 30 Sep 2025(904.16) lakhs
- Standalone revenue from operations, six months ended 30 Sep 202651,967.07 lakhs
- Consolidated profit after tax, six months ended 30 Sep 20261,047.29 lakhs
- Decrease in value of inventory as at 1 April 2025 on policy changeRs. 9.03 lakhs
- Total income, latest quarter26,432.58 (₹ in lakhs)
- Total income, year-ago quarter24,968.89 (₹ in lakhs)
- Total income, previous quarter28,989.67 (₹ in lakhs)
- Total comprehensive income, latest quarter296.18 (₹ in lakhs)
- Total comprehensive income, year-ago quarter(903.35) (₹ in lakhs)
- Total comprehensive income, previous quarter730.80 (₹ in lakhs)
- Profit after tax, latest quarter313.58 (₹ in lakhs)
- Profit after tax, year-ago quarter(916.42) (₹ in lakhs)
- Profit after tax, previous quarter733.71 (₹ in lakhs)
- Revenue from operations, latest quarter26,354.95 (₹ in lakhs)
- Revenue from operations, year-ago quarter24,931.37 (₹ in lakhs)
- Revenue from operations, previous quarter28,807.53 (₹ in lakhs)
- Profit before tax, latest quarter387.29 (₹ in lakhs)
- Profit before tax, year-ago quarter(1,242.18) (₹ in lakhs)
- Profit before tax, previous quarter935.90 (₹ in lakhs)
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