The Board of Directors at its meeting held today considered and approved the audited financial results (standalone & consolidated) for the quarter and year ended 31st march 2026 and recommended ....
ULTRAMAR · price
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Ultramarine & Pigments Ltd reported standalone total income of Rs.78,127 lakhs for FY2026 (up from Rs.70,777 lakhs), and consolidated total income of Rs.78,477 lakhs (up from Rs.69,471 lakhs), showing ~13% consolidated revenue growth. However, standalone PAT fell sharply to Rs.1,882 lakhs from Rs.7,505 lakhs, and consolidated PAT fell to Rs.2,709 lakhs from Rs.7,505 lakhs — a ~64% decline. The sharp profit decline was driven by two exceptional items: a one-time charge of Rs.186 lakhs (Q4) / Rs.357 lakhs (full year) due to new Labour Codes (effective November 2025) impacting gratuity and compensated absences definitions; partially offset by a net gain of Rs.240 lakhs from compulsory land acquisition by NHAI. EPS stood at Rs.23.86 (standalone annual) and Rs.25.70 (consolidated annual). Auditors issued unqualified opinions on both standalone and consolidated results. The board also approved a new Rs.250 crore pigment manufacturing project (2,500 MT capacity) at SIPCOT Industrial Park, Manapparai, Tamil Nadu.
The 64% PAT decline despite ~13% revenue growth highlights the material impact of one-time exceptional charges from new labour codes and land acquisition. While underlying operations remain healthy (unaudited Q4 results balanced correctly), the significant profit compression may weigh on sentiment near-term. The Rs.250 crore capex plan signals growth ambitions but increases future capital deployment. Dividend of Rs.6 per share provides some return to shareholders.