This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Asgard Alcobev FY26 Annual Report: Complete pivot from paper to brewing
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.2 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Asgard Alcobev (formerly Banganga Paper Industries) filed its 42nd Annual Report for FY26. The company fully exited paper manufacturing, sold Banganga Paper Mills for Rs 11.22 Cr, and acquired 78.9% of CMJ Breweries via share swap. Consolidated revenue rose 75% to Rs 101.51 Cr from Rs 58.10 Cr. PAT fell to Rs 1.49 Cr from Rs 1.88 Cr due to transaction and transition costs. EBITDA was Rs 7 Cr at 7% margin. The Meghalaya brewery has 700,000 HL capacity, expanding to 900,000 HL. AGM set for Sept 30, 2026. New auditor ADV and Associates proposed for 5-year term.
Company transformed into a brewing platform. Revenue up sharply but margins thin during transition. Long-term value depends on filling capacity and growing owned brands.
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹53.04 Cr | ₹21.16 Cr | +150.6% |
| Operating profit | ₹2.32 Cr | ₹0.90 Cr | +157.8% |
| Profit after tax | ₹2.54 Cr | ₹0.65 Cr | +289.9% |
| EBITDA margin | 9.7% | 7.4% | +2.3 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.