Approval of Unaudited Consolidated and Standalone Financial Results along with limited review report issued by the statutory Auditor of the Company for the quarter and half year ended on ....
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Kemistar Corporation reported consolidated revenue from operations of Rs. 857.84 lakhs for Q2 FY26 (vs Rs. 377.20 lakhs in Q2 FY25), a sharp jump of about 127% year-on-year. For the half year, consolidated revenue rose to Rs. 1,143.19 lakhs from Rs. 738.71 lakhs (about 55% growth), largely driven by the subsidiary K.P. International. However, profitability was extremely thin — consolidated Q2 profit after tax (PAT) collapsed to just Rs. 0.93 lakhs (vs Rs. 12.59 lakhs a year ago), and H1 PAT fell to Rs. 12.09 lakhs from Rs. 25.79 lakhs, indicating severe margin compression as purchase costs grew much faster than profit. Standalone numbers tell a weaker story: standalone H1 revenue dipped to Rs. 144.43 lakhs from Rs. 155.91 lakhs, and standalone PAT fell to Rs. 8.58 lakhs from Rs. 15.55 lakhs. On the balance sheet, Property, Plant & Equipment expanded sharply from Rs. 507.38 to Rs. 1,348.29 lakhs and goodwill of Rs. 913.62 lakhs sits on the books.
While the headline revenue growth looks strong at the consolidated level, profit margins have been heavily squeezed — Q2 consolidated net profit is barely 0.1% of revenue — which is a red flag for shareholders. Standalone numbers are actually weakening, and the sharp jump in trade payables to micro and small enterprises (from Rs. 16.45 lakhs to Rs. 313.14 lakhs) along with rising trade receivables warrants attention for working-capital health.