Unaudited Financial Results for the second quarter and first half year ended 30-09-2025
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Neelamalai Agro Industries reported weaker standalone numbers for Q2 FY26. Standalone revenue from operations fell to Rs 486.66 lakhs (vs Rs 629.50 lakhs in Q2 FY25, a ~23% drop), while H1 revenue declined to Rs 1,129.75 lakhs from Rs 1,262.23 lakhs. Standalone net profit dropped sharply to Rs 220.64 lakhs in Q2 (from Rs 561.99 lakhs) and Rs 328.28 lakhs in H1 (from Rs 608.97 lakhs). On a consolidated basis, however, net profit rose to Rs 1,308.32 lakhs in H1 FY26 from Rs 1,019.93 lakhs, largely driven by higher share of profits from associates and a joint venture (Rs 1,381.19 lakhs vs Rs 794.28 lakhs). The statutory auditor (PKF Sridhar & Santhanam LLP) issued an unqualified limited review report. Other income included Rs 401.15 lakhs in dividend from associates/JV, and a 300% (Rs 30 per share) final dividend was paid in August 2025.
Standalone operations are clearly under pressure with revenue and profit both falling sharply, mainly because the core plantation business is seasonal. However, shareholders are cushioned by strong dividend inflows from associates (AVT Natural Products, AVT McCormick Ingredients) which boosted consolidated earnings. Short-term stock reaction may be mixed given the weak standalone print, but the 300% dividend payout signals healthy cash generation.