The Board of Directors of the Company at its meeting held on 31st October 2025 have considered and approved the un-audited financial results (standalone and consolidated) of the Company ....
NITTAGELA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Nitta Gelatin India approved unaudited financial results for the quarter and half year ended 30 Sep 2025, with a clean limited review report from Walker Chandiok & Co LLP. On a standalone basis, Q2 FY26 revenue from operations rose modestly to ₹13,807 lakhs (~4% YoY) and H1 FY26 revenue grew ~5% YoY to ₹27,686 lakhs; standalone Q2 PAT jumped ~34% YoY to ₹2,614 lakhs and H1 PAT rose ~17% to ₹4,552 lakhs, supported by a one-time ₹752.50 lakhs dividend received from its subsidiary Bamini Proteins. Consolidated H1 PAT (including discontinued operations) was ₹3,751 lakhs, down ~6% YoY, as Bamini Proteins was reclassified as a discontinued operation and is no longer treated as a going concern with its factory assets held for sale (₹594.68 lakhs). On the legal front, the company got a favourable Kerala High Court ruling in an old customs duty case (₹1,819.66 lakhs contingent liability), but the customs department has filed a Special Leave Petition in the Supreme Court.
Near-term standalone earnings look strong on the surface but are flattered by a one-time subsidiary dividend, so underlying operating performance is closer to mid-single-digit revenue growth and high-teens PAT growth. The subsidiary being shut down and the customs case moving to the Supreme Court remain overhangs, but the clean auditor review and zero debt stress are positives for shareholders.