Unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December, 2025. Revision in Financial results disclosure published on 11th February, ....
ULTRAMAR · price
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Ultramarine & Pigments has reported unaudited financial results for the quarter and nine months ended December 31, 2025, on both a standalone and consolidated basis. The board approved these results at a meeting on February 11, 2026. The auditor (Sundaram & Srinivasan) issued an unmodified limited review conclusion on both sets of results, meaning there are no qualifications or concerns flagged. Two notable one-time items are disclosed: a gain of Rs. 577 lakhs (plus Rs. 20 lakhs interest) from compulsory acquisition of part of the factory land by NHAI, and a one-time cost of Rs. 174 lakhs recognised for gratuity and compensated absences following the Government of India's new labour codes effective November 21, 2025. The company also allotted 15,20,270 equity shares of subsidiary Ultramarine Chemicals Ltd at Rs. 296 each on a private placement basis on December 23, 2025.
The results are clean with an unmodified auditor opinion, providing comfort to investors. The Rs. 577 lakh NHAI land compensation is a positive one-off boost to earnings, partly offset by the Rs. 174 lakh labour code adjustment. The subsidiary share allotment is a capital event that may slightly dilute the parent's effective holding in Ultramarine Chemicals Ltd.