Submission of Intergrated Financials for the Half year ended September 30, 2025 approved by the Board of Directors of the Company at their meeting held on November 12, 2025
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Dindigul Farm Product Limited reported its H1 FY26 (April-September 2025) standalone results. Revenue from operations rose to ₹3,828.32 lakhs from ₹3,270.17 lakhs in H1 FY25, a growth of about 17%. However, net profit fell sharply to ₹90.73 lakhs from ₹201.43 lakhs in the same period last year, a drop of roughly 55%. Total expenses grew faster than revenue, driven by a 24% jump in raw material costs and a 78% rise in depreciation (₹89.73 to ₹159.71 lakhs), likely from newly commissioned capex. EBITDA margin compressed to around 10% from about 13.3% YoY. On the positive side, operating cash flow swung to a healthy positive ₹352.46 lakhs from a negative ₹2,006.16 lakhs last year, and cash and equivalents jumped to ₹424.10 lakhs from just ₹1.68 lakhs at March-end 2025. The company also confirmed no deviation in use of IPO funds raised in June 2024 — of ₹3,163 lakhs raised, ₹2,701 lakhs has been utilised (₹750 of ₹1,212 lakhs capex, ₹1,384 lakhs working capital fully used, and ₹566.67 lakhs general corporate purpose fully used). Detailed related party transactions with holding company Indrayani Biotech, associate A R Dairy Food, director R. Rajasekaran, and his relatives were also disclosed, with total transaction value of around ₹1,357 lakhs during the period. Statutory auditor VSSR & Co. gave an unmodified review conclusion.
Mixed picture for shareholders: top-line growth is intact but profitability is under significant pressure from rising input costs and higher depreciation, which may weigh on near-term stock sentiment. However, the sharp turnaround in operating cash flow and stronger cash balance provide some comfort, and disciplined IPO fund usage is a positive governance signal.