Tuticorin Alkali Chemicals And Fertilizers506808Quarterly results
Board approves Q2 and H1 results to 30 September 2026; auditor review finds no material misstatement
Board approved the un-audited financial results for the quarter and half year ended 30 September 2026 (standalone); reviewed by the Audit Committee.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 11,335.26 | 7,999.20 | +41.7% | 8,071.33 | +40.4% |
| Total income | 11,975.46 | 8,099.28 | +47.9% | 8,453.43 | +41.7% |
| Profit before tax | 559.28 | 1,361.11 | −58.9% | 758.55 | −26.3% |
| Profit after tax | 413.75 | 956.39 | −56.7% | 673.40 | −38.6% |
| Total comprehensive income | 416.82 | 937.40 | −55.5% | 755.17 | −44.8% |
| Basic EPS | 0.34 | 0.78 | −56.4% | 0.55 | −38.2% |
- Total income
- Latest 11,975.46; Year ago 8,099.28 (+47.9%); Prev qtr 8,453.43 (+41.7%)
- Profit after tax
- Latest 413.75; Year ago 956.39 (−56.7%); Prev qtr 673.40 (−38.6%)
- Period
- Quarter Ended 30 September 2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- Insurance claim of Rs.1519.99 lakhs for flood loss of inventory (Dec 2023): Rs.900.00 lakhs received last year, Rs.898.46 lakhs this period; excess Rs. 278.47 lakhs recognised as other income.
- Company opted for lower tax rate under section 200 of Income Tax Act 2025; re-measured opening DTL and accounted tax credit of Rs. 190.56 lakhs (Rs 108.79 lakhs in P&L, Rs 81.77 lakhs in OCI).
- Ammonia prices, a critical raw material, fluctuating widely due to Middle-East geopolitical issues; volatility expected to continue.
- Company has no subsidiaries, joint ventures or associates; single reportable segment (chemical products).
What the board approved
- At its meeting on 3 November 2026, held from 4.00 P.M. to 5.30 P.M. IST, the board approved the un-audited financial results of the company for the second quarter and half year ended 30 September 2026.
- The results were reviewed by the Audit Committee and have been subjected to a limited review by the statutory auditors, MSKA & Associates LLP.
Auditor's review conclusion
- The auditors state that nothing came to their attention that causes them to believe the accompanying statement, prepared in line with Ind AS 34 interim reporting principles, has not disclosed what is required or contains any material misstatement. That is a clean limited review conclusion.
- A limited review is much narrower than a full audit: it relies on enquiries and analytical procedures and the auditors do not express an audit opinion.
The quarter (standalone, Rs. in lakhs)
- Revenue from operations: 11,335.26, against 7,999.20 in the quarter ended 30 September 2025.
- Total income: 11,975.46, against 8,099.28.
- Total expenses: 11,416.18.
- Profit before tax: 559.26, against 1,161.11.
- Profit after tax: 413.75, against 956.39.
- Earnings per share (basic, face value Rs. 10 per share): Rs. 0.34, against Rs. 0.78.
The half year (standalone, Rs. in lakhs)
- Revenue from operations: 19,406.59, against 15,614.11.
- Total income: 20,428.89, against 17,184.94.
- Profit before tax: 1,317.83, against 2,889.63.
- Profit after tax: 1,087.15, against 1,944.08.
- Earnings per share (basic): Rs. 0.89, against Rs. 1.60.
Reading the numbers
- Revenue from operations was higher than the same quarter and half year last year, while profit before tax and profit after tax were lower than those periods.
- Other income for the quarter was Rs. 640.20 lakhs (Rs. 1,022.30 lakhs for the half year), and note 5 explains one of its components: the company had lodged an insurance claim of Rs. 1,519.99 lakhs for loss of inventory in a flood in December 2023, received Rs. 900.00 lakhs last year and Rs. 898.46 lakhs in the current period, with the excess Rs. 278.47 lakhs recognised as other income.
Balance sheet highlights (Rs. in lakhs)
- Total assets: 62,657.47 as at 30 September 2026, against 62,056.24 as at 31 March 2026.
- Total equity: 19,252.53, against 18,080.54.
- Non-current borrowings: 2,000.00, against 5,000.00.
- Current borrowings: 11,000.00, against 7,000.00.
- Cash and cash equivalents: 448.24, against 40.22.
- Net cash generated from operating activities for the six months: Rs. 1,566.00 lakhs, against Rs. 6,373.52 lakhs a year earlier.
Other notes in the update
- Ammonia is described as a critical raw material; its price has been fluctuating widely due to geopolitical issues in the Middle-East, and that volatility is expected to continue in the ensuing quarter until the situation normalises.
- The business is a single reportable segment, largely in India, and there are no subsidiaries, joint ventures or associates.
- The company has exercised the option of the lower tax rate permitted under section 200 of the Income Tax Act 2025 and recognised the tax provision for the six months at that concessional rate. It remeasured the opening deferred tax liabilities and accounted a tax credit of Rs. 190.56 lakhs, comprising Rs. 108.79 lakhs in the Statement of Profit and Loss and Rs. 81.77 lakhs in Other Comprehensive Income.
Points a retail investor may want to track
- How much of reported profit comes from operations versus one-off items such as the insurance-claim excess booked in other income.
- Movement in ammonia prices, flagged as a critical input cost.
- The shift in borrowings, with non-current borrowings lower and current borrowings higher than at 31 March 2026.
1,087.15 lakhsProfit after tax, six months ended (standalone
Profit after tax, quarter673.40 (Rs. In lakhs)
Profit after tax, (standalone413.75 lakhs
Also from Tuticorin Alkali Chemicals And Fertilizers
Board meeting on 3rd November 2026 to approve unaudited Q2 and half-year results
29 Oct 2026
More numbers
- Profit before tax, quarter ended 30 September 2026 (standalone)559.26 lakhs
- Revenue from operations, six months ended 30 September 2026 (standalone)19,406.59 lakhs
- Profit after tax, six months ended 30 September 2026 (standalone)1,087.15 lakhs
- Insurance claim amount received in the current periodRs.898.46 Lakhs
- Total income, latest quarter11,975.46 (Rs. In lakhs)
- Total income, year-ago quarter8,099.28 (Rs. In lakhs)
- Total income, previous quarter8,453.43 (Rs. In lakhs)
- Total comprehensive income, latest quarter416.82 (Rs. In lakhs)
- Total comprehensive income, year-ago quarter937.40 (Rs. In lakhs)
- Total comprehensive income, previous quarter755.17 (Rs. In lakhs)
- Profit after tax, latest quarter413.75 (Rs. In lakhs)
- Profit after tax, year-ago quarter956.39 (Rs. In lakhs)
- Profit after tax, previous quarter673.40 (Rs. In lakhs)
- Revenue from operations, latest quarter11,335.26 (Rs. In lakhs)
- Revenue from operations, year-ago quarter7,999.20 (Rs. In lakhs)
- Revenue from operations, previous quarter8,071.33 (Rs. In lakhs)
- Profit before tax, latest quarter559.28 (Rs. In lakhs)
- Profit before tax, year-ago quarter1,361.11 (Rs. In lakhs)
- Profit before tax, previous quarter758.55 (Rs. In lakhs)
Source: BSE · 3 Nov 2026
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