This is to inform that the Board of Directors, at its meeting held today i.e. Friday, May 29, 2026 inter-alia have considered and approved the following: 1. Audited Financial Results (Standalone ....
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ZR2 Bioenergy Ltd (formerly Gujchem Distillers India) reported FY26 standalone PAT of ₹70.48 lakhs, up significantly from ₹8.22 lakhs in FY25 (757% growth). However, revenue from operations was zero as the company is in transition mode, acquiring an operational ethanol plant. The profit largely comes from other income (₹183.82 lakhs), primarily interest on loans given. The company also forfeited 2.59 crore convertible warrants worth ₹4,212.33 lakhs due to non-exercise by allottees. Capital work-in-progress stands at ₹12,011.36 lakhs indicating heavy investment in the new bioenergy business. Operating cash flow was negative at -₹60.65 lakhs. Auditors issued unqualified opinions on both standalone and consolidated results.
The company is in early transition phase with no commercial revenue yet. The 757% PAT jump is driven by other income rather than core operations. Negative operating cashflow and heavy CWIP indicate the company is still in investment mode before the ethanol plant becomes operational. Shareholders should watch for future revenue launch from the bioenergy business.