Diamines & Chemicals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
DIAMINESQ · price
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Diamines & Chemicals Limited reported a significant deterioration in FY2026 performance with standalone revenue declining 46% to Rs 3,845.77 Lakhs from Rs 7,139.29 Lakhs in FY2025. The company swung to a net loss of Rs 1,211.37 Lakhs compared to a profit of Rs 448.73 Lakhs in the previous year. EBITDA turned negative primarily due to a sharp increase in provisions for doubtful receivables (Rs 568.95 Lakhs vs Rs 207.52 Lakhs). Operating cash flows were negative at Rs 1,176.53 Lakhs. The Speciality Chemicals segment revenue declined to Rs 3,845.77 Lakhs while the Fruits and Vegetables trading business was discontinued. The Board approved reappointment of Executive Director Mr. Tanmay Godiawala and Non-Executive Director Mr. Rajendra Chhabra for 3-year terms. Statutory auditors K C Mehta & Co LLP gave an unmodified (clean) opinion on the financial statements.
The company has reported a significant operating loss and negative cash flows for FY2026, which is a major concern for shareholders. The clean audit opinion provides some comfort, but the sharp revenue decline and substantial bad debt provisions suggest underlying business challenges that need monitoring.