The Board considered and approved; 1) Un-Audited financial results for the quarter ended 30th September 2025, 2) Expansion project for the upgradation and revamping of the existing plant ....
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The Board of India Gelatine & Chemicals approved unaudited financial results for Q2 FY26 (quarter ended Sept 30, 2025) and a major capacity expansion. Revenue from operations for Q2 stood at ₹4,690 lakhs, up about 10% YoY from ₹4,271 lakhs. Profit after tax jumped sharply to ₹644 lakhs (₹9.08 EPS), more than doubling from ₹309 lakhs last year, aided by lower raw material and power costs. The Board also cleared a ₹80 crore project to revamp and expand the existing plant, adding 700 MT of gelatin capacity (from 2,000 MT to 2,700 MT) over 1.5 years, funded through a mix of internal accruals and borrowings. Current capacity utilization is already above 90%, indicating strong demand. The statutory auditor (Mahendra N. Shah & Co.) issued an unqualified limited review report.
Strong profit growth despite modest top-line expansion signals healthy margin improvement, which is positive for shareholders. The ₹80 crore capex to add 35% more capacity reflects management's confidence in demand growth, though it will increase debt and execution risk over the next 18 months.