Earnings Call Live Updates

Revenue increased by 3.8% YoY and 1.6% QoQ, showcasing consecutive quarterly growth.

PAT reached ₹118 crores in Q1 FY26.

Shareholder returns through dividends and buybacks totaled nearly ₹1,000 crores over the past five years.

Launched new AI-native platform with a leading Southeast Asian telco.

Enterprise business is gaining strong momentum.

Standalone revenue from operations decreased YoY from ₹1,063.20 crore to ₹969.88 crore

Standalone Net profit after tax increased YoY from ₹85.27 crore to ₹113.14 crore.

Consolidated revenue from operations decreased YoY from ₹1,951.14 crore to ₹1,933.71 crore.

Consolidated Net Loss after tax decreased from ₹88.64 crore loss to ₹81.70 crore loss.

Revenue from operations decreased from ₹1,063.20 crore in Q1 2025 to ₹969.88 crore in Q1 2026.

Net profit after tax increased from ₹85.27 crore in Q1 2025 to ₹113.14 crore in Q1 2026.

Basic and diluted EPS increased from ₹0.64 in Q1 2025 to ₹0.85 in Q1 2026.

Other income increased significantly from ₹36.76 crore to ₹180.92 crore year-over-year.

Total expenses increased from ₹988.30 crore to ₹1,008.22 crore year-over-year.

Profit before tax increased from ₹111.66 crore to ₹142.58 crore year-over-year.

A loss of ₹2.71 crore in Other Comprehensive Income/ (Loss) vs loss of ₹3.30 last year

Total comprehensive income increased from ₹81.97 crore to ₹110.43 crore year-over-year.

Standalone total income at ₹1,808.71 lakhs.

Standalone profit before tax at ₹794.57 lakhs.

Investment in Urban Affordable Housing LLP made.

Subscribed to right issues in associated entities.

Unaudited results reviewed by audit committee and board.

Earnings Per Share(Basic) ₹0.44 and (Diluted)₹0.44

Consolidated revenue decreased YoY from ₹7,181.67 million to ₹6,929.30 million.

Profit after tax decreased YoY from ₹343.51 million to ₹213.91 million.

Change in depreciation method impacted profit before tax negatively by ₹102.78 million.

Basic EPS decreased from ₹1.24 to ₹0.77 YoY.

The company exercised the option to compute Income tax at a revised rate (i.e. 25.17%).

A deferred tax liability of ₹97.18 million has been accounted for in the results for the quarter.

Successful completion of takeover leads to new promoters taking control.

Mr. Sudhir Reddy Posireddy appointed as Chairman and Managing Director.

Multiple director resignations reflect a complete change in leadership.

Unaudited financial results for Q1 2025 show a net profit of ₹0.11 crore.

Company name change to Bharat Rail and Defence Limited approved.

Increase in borrowing powers up to ₹100 crore approved, subject to shareholder approval.

Shifting of the registered office and reconstitution of board committees approved.

M/s PRSV & Co. LLP proposed as new statutory auditors.

Standalone Revenue from Operations stood at ₹1303.66 lakhs for Q1 FY26.

Standalone Net Profit for the period was ₹1064.32 lakhs

Basic and Diluted EPS both stood at ₹0.47

The scheme of amalgamation for BMW Iron & Steel Industries and Nippon Cryo Private Limited is awaiting NCLT approval.

Total Revenue from operations at ₹5,022.88 crore

Net Profit for the period at ₹124.60 crore.

Basic Earnings Per Share (EPS) is ₹4.68

Debt Equity Ratio is at 0.79

Operating Margin excluding exceptional items at 6.97%

Ongoing investigation by a government agency; potential impact not yet determinable.

Revenue from operations for Q1 FY26 stood at ₹144.90 crore.

Total income reached ₹147.89 crore.

Profit before taxes was reported at ₹6.04 crore.

Net profit for the period amounted to ₹4.30 crore.

Basic and diluted earnings per share were both ₹1.93.

The company is in polymer processing segment

Consolidated total income decreased by 4.1% YoY from ₹1,156.39 crore to ₹1,108.90 crore

The company swung to a loss of ₹64.25 crore compared to a profit of ₹23.89 crore in Q1 2024

Total expenses increased by 6.3% YoY, impacting profitability

Finance costs marginally increased from ₹58.65 crore to ₹59.20 crore

EPS declined from ₹1.51 to ₹(4.02)

Consolidated revenue shows a positive YoY trajectory

Re-appointment of key independent directors indicates board stability

PMS business transfer to subsidiary aims to streamline operations and unlock growth opportunities.

Tax search during previous quarter did not have material impact on current results

IIFL Wealth (UK) Limited no longer a subsidiary, simplifying corporate structure

Revenue from operations for Q1 FY26 stood at ₹8,433.34 lakhs.

Net profit for Q1 FY26 was reported as ₹716.69 lakhs.

Earnings per equity share (basic and diluted) were ₹0.55.

Total expenses for the quarter amounted to ₹7,495.98 lakhs.

The company operates in a single segment: manufacturing products

Standalone revenue from operations increased significantly year-over-year, indicating strong operational performance.

Net profit after tax shows a positive trend, reflecting improved profitability.

Strategic investments in Clas-SiC Wafer Fab Limited for SiC MOSFETs/device manufacturing are progressing.

Investment in Offgrid Energy Labs Inc aligns with the company's strategy to enter the energy storage sector.

Company invested GBP 10 million in Clas-SiC for October 31,2024.

Payment of GBP 2.50 Million was made on November 4, 2024 towards purchase of A-1 Class - 4,62,963 shares

During the current period, Balance payment of GBP 2.50 Million was made on May 21, 2025 towards purchase of A-1 Class -4,62,963 shares

Acume Chemicals Private Limited, Idealis Chemicals Private Limited, and Neun Infra Private Limited, subsidiaries, had total revenue (before consolidation adjustments) of Rs. 2,316.14 lakhs and total net profit/ (loss) after tax (before consolidation adjustments) of (Rs. 1,022.27 lakhs)

Revenue from Operations decreased to ₹863.91 lakhs from ₹889.49 lakhs YoY

Total Income saw a slight decrease to ₹1,023.16 lakhs from ₹1,024.96 lakhs YoY

Profit before tax reported at ₹127.68 lakhs compared to ₹204.55 lakhs YoY

Basic and Diluted EPS reported at ₹0.16, compared to ₹0.21 for the same period last year

The company has appointed M/s. GSKA & Co., as the Statutory Auditors to hold office for a term of 5 years

Revenue from operations decreased from ₹1506.68 Lacs in Q1 2024 to ₹1337.24 Lacs in Q1 2025.

Net profit decreased significantly from ₹60.40 Lacs in Q1 2024 to ₹23.57 Lacs in Q1 2025.

Employee benefit expense decreased from ₹0.55 Lacs to ₹1.65 Lacs

Removal of CEO due to project non-fulfillment indicates potential operational challenges.

Auditor raises concerns about the company not obtaining the Tax Deduction and Collection Account Number (TAN) and non-appointment of a Company Secretary.

Oberoi Realty has complied with SEBI regulations 30 and 46 regarding disclosure requirements.

The conference call transcript provides insights into the company's performance during Q1FY26.

Investors can access the transcript on the company's website under the 'Investors' section.

Total revenue from operations increased significantly YoY

Profit after tax showed an increase compared to the previous year

Gross Stage 3 Assets Ratio at 2.46% as of June 30, 2025, compared to 1.79% as of March 31, 2025.

Debt-equity ratio is 1.20 as of June 30, 2025, compared to 1.26 as of March 31, 2025.

Security cover over listed non-convertible debentures is 1.20 as of June 30, 2025

PAT increased by 10% QoQ and 2% YoY, reaching ₹701 crore

RoA improved by 15 bps QoQ to 2.37%

Retail book grew 18% YoY, driven by strong performance in rural finance and personal loans

Project Cyclops, the AI-ML based credit underwriting engine, has shown encouraging trends in reducing Net Non-Starters

Acquisition of Gold Loan business completed with technology and people integration, expanding product offerings

S&P Global Ratings assigned LTF a “BBB-” long-term rating, reflecting investment grade status

Rural Business Finance shows positive momentum, but Karnataka collections are still recovering

Personal Loans disbursements up 65% YoY, driven by fintech partnerships

Revenue from operations decreased from ₹889.49 lakhs to ₹863.91 lakhs YoY.

Net profit decreased from ₹128.97 lakhs to ₹98.96 lakhs YoY.

Total expenses increased from ₹820.41 lakhs to ₹895.48 lakhs YoY.

The company approved the appointment of M/s. GSKA & Co. as statutory auditors.

An amount of ₹192.32 lakhs has been recognized as exceptional items during the prior year.

The company's overseas subsidiaries Zenotech Brazil and Zenotech USA were defunct and reported as cancelled/revoked respectively.

Standalone revenue from operations is ₹560.33 crore.

Standalone finance costs are ₹164.23 crore.

Standalone earnings per share (basic and diluted) is ₹0.20.

Consolidated revenue from operations is ₹680.21 crore.

₹3,350 crore of IPO proceeds remains unutilized and is invested in scheduled commercial banks.

Board approved acquiring 49% stake in Island Star Mall Developers for ₹5,449 crore.

Retail consumption grew 12% YoY, driven by strong performance at Phoenix Palladium, Phoenix Palassio, and malls in Ahmedabad, Indore, Pune, and Bengaluru.

Portfolio-level leased occupancy exceeds 95%, but temporary decline in trading occupancy due to repositioning exercises at key centers.

Group EBITDA reached ₹544 crore, a 6% increase. Group debt stands at ₹4,435 crore.

Cost of debt decreased to approximately 7.92% for the quarter ending June 2025.

The management plans basis 2030 would generate approximately a 13x growth over 13 years since 2017 when CPP Investments entered this platform, which was 1 million square feet in 2017, growing to 13 million square feet in 2030.

Achieve a 90% leasing in 2026, and we have a strong leasing pipeline in place. This brings a huge upside potential as all the construction work is already complete.

Total revenue from operations increased YoY, reaching ₹786.68 crore.

Net profit increased to ₹266.31 crore, showing improvement compared to the previous year.

Basic and diluted EPS both saw an increase YoY.

Gross Stage 3 Assets Ratio is 2.46%.

Debt-equity ratio stands at 1.20.

Revenue from Operations increased to ₹134.57 Lakhs in Q1 FY26 from ₹78.82 Lakhs in Q1 FY25.

Profit After Tax improved to ₹2.53 Lakhs compared to ₹0.81 Lakhs in the corresponding quarter of the previous year.

Earnings per share (Basic and Diluted) stand at ₹0.05.

NCLT approved the Scheme of Amalgamation between Citizen Infoline Limited and Citizen Solar Private Limited.

Extraordinary General Meeting (EGM) of the equity shareholders approved to convene on 3rd September 2025.

The Company operates in only one business segment.

Consolidated revenues grew 95% YoY to INR 12,838 crore.

Consolidated EBITDA increased by 89% YoY to INR 484 crore.

Consolidated PAT grew by 10% YoY to INR 280 crore.

Mobile business revenue increased by 125% YoY to INR 11,663 crore, with an operating profit of INR 395 crore (up 131%).

Consumer Electronics revenue (LED TVs and Refrigerators) stood at INR 672 crore, with an operating profit of INR 40 crore and 6% margin.

The company expects at least 15% QOQ volume growth ahead of the festive season.

Strategic investments are being made to expand manufacturing capacities, enhance manufacturing capabilities, and deepen the component ecosystem.

Company is filing applications for display module, camera modules, and precision components under ECMS scheme.

Standalone Net Profit for Q1 FY26: ₹347.59 lacs

Standalone Basic and Diluted EPS for Q1 FY26: ₹3.02

Appointment of M/s. Amareliya & Associates as Secretarial Auditor

Consolidated revenue from operations for Q1 FY26: ₹2,495.90 lacs

The company has been exempted from the applicability of IND-AS as it's listed on SME Platform of BSE

Revenue from Operations was ₹34,792.45 crore

Net Profit after Tax stood at ₹1,886.34 crore.

EPS was ₹2.87 (basic and diluted)

Key expenses included cost of materials consumed and purchase of stock in trade.

The report mentions ongoing legal matters including tariffs contested at APTEL and in Courts of Law

CESTAT matter regarding excise duty on Naphtha has reached Supreme Court, with the company confident of a favorable outcome based on legal opinion

Company expects to recover ₹840.06 crore from Nagarjuna Fertilizers and Chemicals Limited (NFCL)

Revenue grew 16% YoY to ₹1,107 crore, driven by strong performance across all channels.

EBITDA increased by 20.3% YoY to ₹148 crore, with margin improvement of 50 bps despite higher advertising spends.

PAT witnessed a multi-fold increase to ₹13 crore, indicating significant improvement in profitability.

Gross margins expanded by 60 bps, indicating improved cost management and pricing strategies.

Focus on direct channels led to 8.1% LTL growth in retail and over 30% growth in online B2C.

Inventory management remains efficient with inventory turns at ~4x and NWC days stable at 59 days.

The company added 29 new EBOs, increasing its retail footprint.

The company's aspiration is to grow revenues at 12-15% with acceleration in adjacent categories growth. They plan to improve brand salience through investments in advertisement to drive market share gains.

The Company is committed to continue higher marketing investments for better visibility & consumer connect

Standalone Revenue from operations reached ₹31.86 crore.

Net Profit after tax stood at ₹20.08 crore.

Board recommended a dividend of ₹3.00 per equity share.

Figures for the preceding quarter are balancing figures between audited and published figures.

Exceptional item related to settlement of a GST demand order from the previous year.

Total Income increased by 25% YoY to ₹721 crore

Net Profit surged by 41% YoY to ₹89 crore

EBITDA increased by 20% YoY to ₹176 crore

Capacity utilization across existing plants is over 95%

₹700 crore glass expansion to increase capacity by 25%

₹1,000 crore investment in aluminium cans manufacturing plant in Uttar Pradesh

Targeting a sustainable YoY growth of 15-20% from FY27 onwards

Prepaid ₹193.5 crore of term loans in July 2025

Standalone Net Sales/Income From Operations (Net of Taxes) reported at ₹18.82 crore for Q1 FY26

Q1 FY26 Net Profit stands at ₹3.48 crore

Basic and Diluted EPS both at ₹3.02

M/s. Amareliya & Associates appointed as Secretarial Auditor for a 5-year term (FY26-FY30)

Total expenses are ₹14.73 crore

The company has 6 subsidiaries

Revenue from Operations increased to ₹134.57 lakhs, showing a growth compared to ₹78.82 lakhs in the same quarter last year.

Profit After Tax improved to ₹2.53 lakhs from ₹0.81 lakhs YoY.

EGM scheduled for September 3, 2025, to seek shareholder approval for the Citizen Solar Private Limited Amalgamation.

NCLT approved the Scheme of Amalgamation on July 21, 2025.

Revenue from operations increased from ₹4423.11 lakhs in Q1 FY25 to ₹5295.31 lakhs in Q1 FY26.

Net profit after tax increased from ₹260.19 lakhs in Q1 FY25 to ₹317.08 lakhs in Q1 FY26.

Appointment of Secretarial Auditors signals adherence to compliance standards.

Other comprehensive income shows ₹180.35 lakhs.

EPS increased from ₹0.08 to ₹0.10 YoY

Significant improvement in revenue from operations at ₹91.10 lakhs, driven by interest income, net gain on fair value changes, and other operating income.

Turnaround in profitability with profit before tax reaching ₹77.14 lakhs compared to a loss in the previous quarter.

Sharp decrease in impairment on financial instruments to ₹0.36 lakhs vs ₹2.00 lakhs last quarter.

Decrease in employee benefits expense QoQ ₹5.89 lakhs compared to ₹6.11 lakhs

AGM originally scheduled for July 28, 2025, was adjourned due to technical reasons and rescheduled for September 1, 2025.

E-voting period for the AGM is scheduled from August 29, 2025 to August 31, 2025.

Register of Members and Share Transfer Books will be closed from August 26, 2025, to September 1, 2025.

Revenue increased by 16% YoY to ₹238 crore, showing healthy growth

PAT increased by 50% YoY to ₹48 crore, highlighting improved profitability

EBITDA margin improved significantly to 36.48%

Broking and distribution revenue increased to ₹136 crore

Advisory business order book at ₹586 crore indicates future revenue potential

Expanded branch network to 208 reflecting increased market presence

Wealth products AUM saw significant growth of 443% YoY, reaching ₹4,769 Cr

NBFC loan book stood at ₹745 Cr, with NNPA at 2.25%

Revenue from operations for Q1 FY26 is ₹14,883.63 lakhs.

Profit after tax from continuing operations is ₹1,217.37 lakhs.

Basic EPS from continuing operations is ₹3.85.

Discontinued operations resulted in a loss after tax of ₹(34.00) lakhs.

The company acquired Genrx Pharmaceuticals Private Limited (in Liquidation) in April 2025.

Revenue from operations increased to ₹5,295.31 lakhs from ₹4,423.11 lakhs YoY.

Net profit after tax stood at ₹317.08 lakhs compared to ₹260.19 lakhs YoY.

Basic & Diluted EPS increased to ₹0.10 from ₹0.08 YoY.

The company appointed Shah & Shah Associates as Secretarial Auditors

Company appointed Mukesh H. Shah & Co., Company Secretaries, as the Scrutinizer to scrutinize remote e-voting and voting at 17th AGM

Revenue from operations decreased YoY, from ₹96.22 lakhs to ₹91.10 lakhs

Net profit after tax declined YoY, from ₹95.09 lakhs to ₹66.44 lakhs.

The adjourned AGM will be reconvened via video conferencing on September 1, 2025

Remote e-voting period is scheduled for August 29-31, 2025.

Register of Members and Share Transfer Books will be closed from August 26, 2025, to September 1, 2025.

Revenue from operations increased YoY from ₹13,224.67 Lakhs to ₹14,883.63 Lakhs.

Profit after tax from continuing operations increased YoY from ₹802.63 Lakhs to ₹1,217.37 Lakhs.

EPS from continuing operations increased from ₹2.91 to ₹3.85.

Loss after tax from discontinued operations reported at ₹34.00 Lakhs.

Acquired Genrx Pharmaceuticals Private Limited in April 2025 for ₹1,085 Lakhs, seeking NCLT approval for effective takeover.

Preferential issue of equity shares and warrants raised funds, primarily used for repayment of loans (₹15,000.00 Lakhs).

Total Comprehensive Income for The Year increased from ₹643.80 Lakhs to ₹1,202.08 Lakhs.

Revenue grew by 7.7% YoY to ₹983.29 crore.

EBITDA increased by 23% YoY to ₹95.78 crore, with a margin of 9.71%.

Net profit grew by 16.50% YoY to ₹40.14 crore, with EPS at ₹12.60.

Value-added sector sales increased by 24% YoY

Company is awaiting defense production license, projecting potential revenue of ₹270-300 crore from this segment.

Targeting 15-20% revenue growth for FY26.

Hydraulic tube segment achieved 50% capacity utilization in Q1 and is targeting 70% by year end.

Solar sector is expected to achieve 100% sales growth this year

Company is targeting INR4000 crore turnover for current FY.

ROCE is currently at 22%.

Secured WRNES Talegaon transmission project and commissioned three projects

Installed 24 lakh smart meters in Q1, totaling 55.44 lakh

Capex increased to ₹2,224 crore, driven by transmission and smart metering

Transmission network expanded to 26,696 circuit kilometers

Distribution losses improved to 4.24% in AEML

Total income rose by 28% YoY; EBITDA increased by 14% YoY to ₹2,017 crore

PAT increased significantly by 71% YoY to ₹539 crore

Order book at ₹59,000 crores, expected bidding of ₹90,000 crores

Focusing on C&I business with 14 customers aggregating 717 MW

Total Income of ₹70.02 lakhs remains stable QoQ.

Revenue from operations is ₹38.57 lakhs.

Profit before tax is ₹33.47 lakhs.

Profit for the period is ₹25.35 lakhs.

Earnings per share (Basic and Diluted) are ₹0.78.

Other Income contributed significantly at ₹31.45 lakhs.

The company operates in a single segment - Dry Cleaning & Laundry Services.

Unaudited results have been reviewed by the audit committee and approved by the board.

Unaudited financial results for Q1 FY26 approved (details within financial report)

Capex of ₹2,754 crore approved for 4 GW Cell plant in Gujarat and 4 GW Ingot Wafer plant in Maharashtra to be financed through internal accruals and borrowed capital.

100% shareholding of Voltshift Energy Transition Private Limited acquired.

Re-appointment of cost auditor and internal auditor, and appointment of secretarial auditor.

Approval of AGM notice and Board's report for Financial Year 2024-25.

Revenue from operations decreased to ₹245.38 crore from ₹222.99 crore YoY.

The company reported a Loss before tax of ₹75.40 crore

Exceptional item included reimbursement for indemnity claim

Total expenses increased significantly to ₹363.13 crore from ₹323.24 crore YoY.

Provision for pending litigation significantly impacts the results.

Sequential revenue growth of 3.3% (reported) and 1.9% (constant currency).

EBITDA margin declined to 15.2%, due to increased investment in sales and marketing and increase in travel expenses.

Order book increased to $172 million, up 11.7% YoY.

Attrition improved to 9.8%, indicating better employee retention.

Launched 'ZenseAI', a GenAI accelerator platform.

AI is central to Zensar's strategy and driving 30% of their active pipeline, AI-influenced wins comprise 20% of order bookings.

Telecommunication, Media & Technology up 5.5%, Healthcare grew 5.2%, BFSI grew 2.9% while Manufacturing & Consumer Services declined by 4.1%.

Gross addition of 728 employees.

DSOs improved by 1 day sequentially and stood at 72 days.

Gross Premiums Written for Q1 2025 stood at ₹298.18 crore.

Resignation of Mr. Atul Mehta, Country Head, Retail Geographies & Key Partnerships, effective August 11, 2025.

Company’s expenses related to insurance business are in excess of regulatory limits.

Solvency ratio is 2.27 as of June 30, 2025.

The Company is awaiting closure order from DGGI.

Gross Premium Written decreased by ₹6,450 lakhs due to change in recognition as per IRDAI regulations.

Consolidated Q1 FY26 revenue increased to ₹111 crore YoY.

Standalone Q1 FY26 revenue increased to ₹109 crore YoY.

The packaging business is incurring losses and is expected to break even by Q3/Q4.

A price increase in the coding and marking business is planned to take effect from August 1st, with expected margin improvements from Q3.

Track and trace business is expected to break even or be profitable this year.

R&D expenditure includes a possible ₹10-15 crore investment in recyclable material for the packaging business.

The company has not reached desired results so far.

Secured assets demonstrate strong performance with expected 35-40% growth.

Unsecured lending faces revenue challenges, prompting tighter credit criteria and increased guarantee coverage (36% currently).

The bank is strategically shifting towards a secured asset mix, targeting 80% secured and 20% unsecured.

Accelerated provisioning impacts profitability, with Rs. 150 crore set aside for accelerated provision.

CASA growth is flattish but is expected to show double-digit growth in the first half of the year.

NIMs declined due to the sale of investments and high-yielding assets, but is expected to improve in Q2 with lower deposit costs and recovery in unsecured portfolio.

Application for Universal Bank license has been submitted, with active engagement with the regulator.

BC book rundown due to stricter credit criteria, but expecting stabilization in Q2.

NBFC lending is yielding around 12% and we have no issues with delinquencies.

CASA target is 25% which will be driven by Series of Segmental offers

Revenue increased by 22.4% YoY, indicating strong market demand and efficient operations.

Operating EBITDA increased by 18.98% YoY, driven by efficiencies and backward integration.

Pig iron plant operating at >120% capacity, demonstrating efficient asset utilization.

Finished steel accounts for 76% of total revenue, indicating a shift towards higher value products.

CAPEX plans are progressing on track, with investments aimed at deeper integration and improved efficiency.

Stainless-steel wire plant has started exporting, operating at 30-35% utilization.

Aluminum business expects over 250% growth in next couple of years driven by expansion and value added products

Company expects to touch 2,900 tons of blast furnace production despite monsoon related issues.

Power generation cost close to ₹2 to ₹2.5 a KWH, resulting enhanced bottom line.

Revenue from operations stood at ₹23.41 crore.

Other income contributed ₹3.00 crore.

Profit before tax was ₹3.39 crore.

Basic and diluted EPS were both ₹3.08.

Segment revenue split between Projects & Services and Products & Services.

Total Income for Q1 2025 at ₹12.86 lakhs, is significantly lower than year ended March 31, 2025

Net loss of ₹6.95 lakhs, compared to a profit of ₹8.83 lakhs for the year ended March 31, 2025

Negative cash flow from operating activities indicates operational challenges

Equity Share capital stands at ₹1,261.94 lakhs

Reserves are ₹4,408.75 lakhs

Basic and diluted EPS reported at -0.06

Net Cash used in Operating Activities at (₹20.62) lakhs

Net Cash used in Investing Activities (₹24.36) lakhs

Net Cash used in Financing Activities (₹0.59) lakhs

Revenue from operations (net) decreased from ₹1,479.40 crore YoY to ₹1,360.29 crore.

Net Profit decreased from ₹109.06 crore YoY to ₹72.56 crore.

Basic EPS decreased from ₹6.44 YoY to ₹4.28.

The company plans to issue Non-Convertible Debentures of up to ₹500 crore.

Debt-Equity Ratio stands at 0.34 times.

Revenue increased to ₹1,070 crore, indicating growth in operations.

Profit after tax rose to ₹93.06 crore, showcasing improved profitability.

Basic EPS stood at ₹12.81, reflecting strong per-share earnings.

The company declared an interim dividend of ₹6.35, rewarding shareholders.

The Company incorporated a new subsidiary - Recyclers Dominicana RDS S.A.S. indicating expansion plans.

Lead segment continues to be the largest revenue contributor

Indian cotton prices are significantly higher than international prices, creating a disadvantage for Indian spinners.

New US tariffs on textile imports are causing market volatility and uncertainty.

Vardhman's diversified geographic exposure acted as a buffer against market headwinds, maintaining healthy capacity utilization.

Fabric expansion is progressing as per schedule and expected to contribute meaningfully from Q3 onwards.

Indian demand is normalized with neither improvement nor deterioration

About 30-35% of exports are to the US

Fabric margins are 17-18%

The company continues to invest in modernization, product mix refinement, and cost optimization.

Standalone revenue from operations increased to ₹3,754.06 crore YoY

Standalone net profit significantly improved to ₹256.36 crore YoY

Basic EPS increased to ₹3.14

Cost of raw materials consumed increased YoY

Standalone revenue from operations for Q1 FY26 is ₹924 lacs.

The company booked a profit after tax of ₹671 lacs for the quarter ended June 30, 2025.

Re-appointment of Mr. Brijkishor Soni as Managing Director for 5 years, subject to shareholder approval.

Insurance claim of ₹4.25 crore, ₹2.58 crore received as interim payments.

The company operates in a single segment of E-waste Management.

Revenue from operations increased by 4.3% YoY.

Net profit significantly improved YoY from ₹400.82 lakhs to ₹504.34 lakhs.

Earnings per share (EPS) increased from ₹4.35 to ₹5.36 YoY.

Total expenses saw a slight increase compared to the same quarter last year.

Change in inventories of work in progress and finished goods impacts profitability

Revenue from operations increased from ₹568.23 lakhs in Q1 FY25 to ₹592.68 lakhs in Q1 FY26.

Net profit increased from ₹400.82 lakhs in Q1 FY25 to ₹504.34 lakhs in Q1 FY26.

Earnings per share (basic and diluted) increased to ₹5.36 in Q1 FY26 from ₹4.35 in Q1 FY25.

Total expenses increased from ₹5198.02 lakhs to ₹5307.29 lakhs YoY.

Revenue grew 3.8% YoY in constant currency, driven by enterprise AI and consolidation deals.

Large deal wins robust at $3.8B with 55% net new, indicating strong client relationships and delivery capabilities.

Europe showed strong growth at 12.3% YoY, outpacing other geographies.

Operating margin declined 20 bps QoQ to 20.8% due to compensation increases and sales investments.

Free cash flow generation remained strong at $884 mn (109% of net profit), continuing a multi-quarter trend.

Revised FY26 revenue growth guidance to 1%-3% in constant currency due to macroeconomic uncertainties and tariff issues.

Financial Services vertical saw good momentum driven by transformation opportunities and Agentic AI, partnering with GCCs.

Manufacturing faces challenges due to automotive and industrial sector headwinds.

Strong traction on enterprise applications where there is movement to new generations of SaaS platforms on enterprise scale

Increasing utilization of AI agents to transform customer care, operations, logistics, and finance/accounting for efficiency.

Consolidated revenue increased by 25.4% YoY to ₹116 Cr in Q1FY26.

Consolidated net loss narrowed significantly from ₹8.84 Cr in Q1FY25 to ₹87 Lakhs in Q1FY26.

Standalone EBITDA margin improved slightly from 16.29% in Q1FY25 to 16.32% in Q1FY26.

Innoxel Lifesciences has a pipeline of over 20 differentiated molecules with 12 already licensed out.

Varenyam Healthcare aims for ₹62-65 Cr revenue in FY26, a 20-21% YoY growth.

Varenyam Biolifesciences facility is under construction and expects to be operational by FY27.

The company expects standalone revenue growth of 12-14% for FY26.

The Board approved the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025.

Mr. Sanjay Shah resigned from his position as Non-Executive Non-Independent Director of the company

Approved Appointment of Mr. Alkesh Jayantilal Shah as an Additional Non-Executive Non-Independent Director of the Company

Consolidated revenue increased significantly from ₹1,239.06 crore to ₹1,498.32 crore YoY.

Net profit declined slightly from ₹171.84 crore to ₹165.24 crore YoY.

Cost of natural gas and traded items increased from ₹710.95 crore to ₹928.37 crore YoY, impacting overall profitability.

Other comprehensive income showed a negative impact of ₹2.07 crore, compared to a negative impact of ₹0.21 crore in the previous year.

Basic & diluted EPS stood at ₹1.50 for the quarter.

Auditor's review indicates that the financial results are prepared in accordance with the required accounting standards and regulations.

Net profit of ₹23.15 lacs, a turnaround from the previous quarter's loss of ₹54.52 lacs.

Total Income decreased from ₹43.76 lacs in Q4 2025 to ₹34.03 lacs in Q1 2025.

Earnings Per Share (EPS) is ₹0.01.

Significant reduction in total expenses compared to the previous quarter indicates improved cost management.

The company's auditor has conducted a limited review of the financial results.

Disbursement growth of 13.01% YoY driven by commercial and passenger vehicles.

AUM growth of 16.62% YoY.

Net Interest Income increased by 12.55% YoY.

PAT grew by 8.84% YoY.

Gross Stage-3 assets and Net Stage-3 assets improved YoY.

Credit cost on total assets decreased YoY to 1.64%.

Cost to income ratio increased YoY to 29.29%.

Retail deposits increased with a positive uptick at 25.95% of the liabilities.

Cost of liabilities decreased by 7 bps QoQ to 8.88%.

SFL aims to reach a net interest margin of 8.5% for the full financial year by the end of the year.

Net profit decreased significantly YoY, from ₹2170.79 lakhs to ₹604.07 lakhs.

Total Income has slightly decreased YoY from ₹14988.38 lakhs to ₹14420.80 lakhs.

Operating profit decreased significantly from ₹3951.80 lakhs to ₹2567.32 lakhs.

Gross NPA increased from 2.02% to 3.64% YoY.

Net NPA increased from 0.60% to 1.12% YoY.

The bank has initiated disciplinary action regarding past financial discrepancies.

The bank's capital adequacy remains strong with a Basel III ratio of 16.63%.

Revenue from operations: ₹41,573 lakhs (Standalone) and ₹41,573 lakhs (Consolidated)

Profit before tax: ₹2,610 lakhs (Standalone) and ₹2,509 lakhs (Consolidated)

Basic & Diluted EPS: ₹19.42 (Standalone) and ₹18.34 (Consolidated)

Board approved closure of IFB Agro Marine FZE, UAE

Board approved acquisition of shrimp feed business from Cargill India Private Limited

Total revenue increased by 29.33% YoY from ₹204.83 crore to ₹264.91 crore.

Net profit increased from ₹12.51 crore to ₹14.94 crore year over year.

EPS (Basic & Diluted) stood at ₹2.97.

Domestic segment revenue was ₹248.88 crore, while revenue from outside India was ₹15.74 crore.

Total assets of the company stand at ₹834.48 crore.

Total income for Q1 FY26 is ₹12.86 lakhs

Net loss for Q1 FY26 is ₹(6.95) lakhs

Employee benefits expense amounted to ₹5.47 lakhs.

The company experienced negative cash flow from operating activities of ₹(20.62) lakhs.

Cash and cash equivalents increased by ₹3.15 lakhs to ₹3.89 lakhs as of June 30, 2025.

Earnings per share (basic and diluted) are negative ₹(0.06)

Standalone revenue at ₹438.5 million, consolidated revenue at ₹448.4 million

Standalone profit before tax recorded at ₹19.34 million

Consolidated profit before tax recorded at ₹17.92 million

Exceptional income of ₹29.26 million recognized in FY25

Business performance affected by seasonality and weather conditions

Company operates primarily in the Farm Inputs Business segment

Share purchase agreement with Coromandel International Limited is in progress, pending regulatory approvals

Revenue from operations increased to ₹264.62 crore compared to ₹204.22 crore in Q1 FY25 (FY24-25).

Net profit stands at ₹14.95 crore, compared to ₹12.51 crore in Q1 FY25 (FY24-25)

Earnings per share (Basic & Diluted) improved to ₹2.97 from ₹3.06 in Q1 FY25 (FY24-25)

Domestic revenue dominates with ₹248.88 crore, while outside India contributes ₹15.74 crore

Total Assets increased to ₹834.48 crore, and Total Liabilities stood at ₹448.84 crore

Consolidated revenue decreased from ₹32.50 crore in Q1 FY25 to ₹44.84 crore in Q1 FY26.

Net loss increased from ₹2.08 crore in Q1 FY25 to ₹5 crore in Q1 FY26.

Exceptional income of ₹2.93 crore recognized due to favorable court ruling related to an insurance claim.

The company's farm inputs business is seasonal and sensitive to weather conditions.

Promoter Group entered into Share Purchase Agreements with Coromandel International Limited for acquiring 52.98% shareholding, subject to regulatory approvals.

Revenue from operations increased to ₹74,381 lakhs, a significant increase compared to ₹55,811 lakhs in the same quarter last year.

Profit for the period increased to ₹6,610 lakhs, showing improvement from ₹4,867 lakhs YoY.

Telecom Services revenue was ₹33,476 lakhs and Project Work Services revenue was ₹40,905 lakhs in Q1 FY26.

Total Expenses for the quarter amounted to ₹67,227 lakhs.

Earnings per equity share (Basic & Diluted) is ₹2.06.

Total Assets stand at ₹4,80,169 lakhs.

Total Liabilities are reported as ₹2,73,694 lakhs.

Focus on profitable growth, shifting away from aggressive cost-cutting to strategic investments in long-term growth areas.

DLG-based lending model is being reconsidered with some lenders due to the excellent performance of the book.

Lending mix between personal and merchant loans remained roughly consistent with the previous quarter, with growth in both segments.

Target EBITDA margin of 15-20% over the next two to three years seems more achievable due to improved contribution margin.

Payment services business has reached breakeven, with potential for future profitability driven by additional solutions and value-added services.

Focus on merchant payments across all segments, including enterprise merchants, both online and offline.

BNPL product resumption contingent on the broader recovery of personal credit rather than wallet product specifics.

Company has maintained market share related to POS machines, as per the RBI disclosures.

Reported 10th consecutive quarter of revenue growth

Financial Services segment grew 48.4% YoY

EBITDA margin at 21.4%, impacted by wage hikes and marketing expenses

7 new accounts were won in the quarter

Focus on generative AI and Agentic AI with confirmed work of $6M and $8M in the pipeline

Tech sector flattish due to conclusion of one-off projects.

Decision Point business had a positive momentum.

Expects to salvage whatever lost in margin due to wage hikes over the next few quarters.

Confident about going past 18%, 19% number as a growth. May be more

Order book continues to be fairly robust and healthy.

Revenue from Operations increased by 22.7% YoY, indicating strong growth.

Net Profit after tax saw a significant increase compared to the same quarter last year.

EPS improved, reflecting enhanced profitability per share.

Company plans backward integration with a new manufacturing facility acquisition.

Transition to integrated manufacturing setup reduces reliance on third-party suppliers.

Zero revenue from operations raises significant concerns about the company's financial viability.

Net loss of ₹20.02 lakhs, a significant increase from the ₹1.30 lakhs loss in the same quarter last year.

Auditor's qualified opinion due to material uncertainty regarding the company's ability to continue as a going concern.

Lack of disclosed initiatives to address the financial distress.

High administrative and other expenses with no revenue generation affecting profitability.

Revenue from operations increased YoY from ₹3481.20 lakhs to ₹4010.62 lakhs.

Total expenses decreased from ₹4463.98 lakhs to ₹3454.28 lakhs.

Profit after tax decreased significantly YoY from ₹9581.62 lakhs to ₹609.74 lakhs.

Basic and diluted EPS are ₹2.19.

The company operates in two segments: Ferro Alloys and Power.

Positive revenue growth despite deflationary pricing environment.

Hi-Tech Agri segment led growth with nearly 30% increase.

Exports showed strong performance with 40% growth.

Solar pump sales exceeded ₹50 crore in the quarter.

Company expects strong H2 FY26.

Guidance of 15%+ revenue growth for FY26 reiterated, despite 5% growth in Q1.

EBITDA margin for Hi-Tech Agri business improved from 15.2% to 16.6%.

Working capital saw an increase in receivables, expected to be paid down between now and December.

Expect to repay ₹250 crore long-term debt in the next 9 months.

Focus is on increasing sales of value-added products in micro-irrigation.

Double-digit revenue growth of 10%, driven by the India branded business.

India branded business UVG was 6.8%.

Tea and salt businesses grew double-digit in value and volume.

Growth businesses grew 7%, impacted by weather affecting RTD business.

Sampann maintained strong momentum with 27% growth.

Capital Foods and Organic India impacted by transitory issues.

International business grew 5% in constant currency.

EBITDA margin down 250 bps due to tea costs and coffee prices.

E-commerce grew 61%, modern trade grew 21%.

Partnership with Sachin Tendulkar to endorse Organic India.

Hi-Tech Agri segment demonstrating strong growth at approximately 30%, offsetting decline in plastic segment.

Exports grew by 40% in Q1 FY26, indicating robust international demand.

Solar pump sales exceeded ₹50 crore, indicating significant growth compared to the previous year.

Increase in receivables and inventory during the quarter, expected to be paid down by December.

Targeting 15% revenue growth for FY26, driven by drip irrigation, exports, and solar pump demand.

Plans to significantly improve EPS from FY27 onwards by addressing balance sheet issues and reducing debt.

Considering value monetization of food processing subsidiary to reduce debt and improve shareholder value.

Focus on expanding dealer network, particularly in Northern and Northeastern India, to drive future growth.

Tissue culture segment shows good potential for long-term growth, with expansion plans underway.

Standalone revenue from operations is ₹800 lakh for the quarter ended June 30, 2025.

Consolidated revenue from operations is ₹3,163 lakh for the quarter ended June 30, 2025.

M/s Neeraj Gupta & Associates appointed as Secretarial Auditors for a 5 year term.

Board approved the unaudited financial results on July 28, 2025.

Full financial results available on NSE, BSE and company website.

Revenue grew by 86% sequentially to ₹4.08 crore.

EBITDA surged by 131% sequentially to ₹2.7 crore.

Heavy equipment hiring segment witnessed a remarkable scale-up, generating ₹3.6 crore.

Company crossed ₹50 crore in rental assets base in Q1 FY'26.

₹27.89 crore capital raise through preferential allotment of equity shares and warrants completed.

Committing to ₹400 crore CapEx plan projected for FY'28 with ₹55 crores already deployed

EBITDA is expected to reach 70-80% on a yearly annualized term basis by Q3/Q4

Achieved 22% PAT margins in Q1, expecting 25-35% going forward

ROA improved to 1.02% and ROE to 14.17%

Gross NPA decreased to 3.13% and net NPA to 0.49%

Total business increased by 10.84% to ₹7.04 lakh crore

CASA deposits increased to 46.88%

RAM portfolio increased by 15.71%

Net profit registered at ₹1,169 crore

Revenue increased by 29% YoY to ₹337 crore.

EBITDA at ₹68 crore and PAT at ₹51 crore, within guided range.

Banking segment grew 31% YoY, contributing ₹192 crore.

TIG segment increased by 25% YoY, generating ₹145 crore.

Added 16 new logos and expanded into new geographies.

Order book exceeds ₹1,450 crore.

Increased sales and R&D investments affected margins.

Fintra acquisition enhances trade finance solutions.

Refreshed brand identity introduced.

Company's profit of ₹363 lakhs is primarily from trading activities after ceasing manufacturing.

A Share Purchase Agreement (SPA) is in place for Roadway Solutions India Infra Limited to acquire 74.98% stake.

Open offer announced for acquisition of up to 25.02% of equity shares at ₹47.14 per share.

Auditors note a material uncertainty related to the company's ability to continue as a going concern.

Exceptional items include a foreign exchange gain of ₹15 lakhs and profit on sale of fixed assets of ₹112 lakhs.

Standalone revenue increased YoY, but net profit decreased marginally.

Consolidated revenue increased YoY, while net profit saw a slight decrease.

Exceptional items related to labour claims settlement impacted profitability.

Auditors have performed a limited review of the standalone and consolidated results.

The company operates primarily in the micronized minerals segment.

Total Income for Q1 2026 stands at ₹11.53 lakhs.

Net loss reported at ₹(10.18) lakhs for the quarter.

Reappointment of Mr. Vadla Nagabhushanam as an Independent Director, effective October 30, 2025.

Reappointment of Mr. Madhukar Deshpande as an Independent Director, effective February 14, 2026.

Company claims ₹2505.20 lakhs to NCLT against TechIndia Nirman Limited but same is unverified.

Non-provision of interest amounting to ₹223.46 lakhs on advances given to related parties, flagged by auditor.

Auditors highlight non-compliance with Section 186 of the Companies Act concerning inter-corporate loans.

Standalone revenue from operations increased to ₹2616 crore, up from ₹2438 crore YoY.

Standalone Net profit for the period increased to ₹551 crore, up from ₹469 crore YoY.

Consolidated revenue grew by 11% YoY to ₹3178 crore.

Consolidated Net Profit after tax increased by 20% YoY to ₹548 crore.

Consolidated Operating EBITDA stood at ₹1,032 crore with a margin of 32.5%.

Company entered into a definitive agreement to acquire a controlling stake in JB Pharma for Rs. 11,917 crore

India revenues up by 11% led by outperformance in focus therapies. Torrent's chronic business grew at 13% vs IPM growth of 9%.

Brazil revenues increased by 11%, while constant currency revenues increased by 16%.

US business revenues increased by 19%, constant currency revenues increased by 16%

Revenue from operations reported at ₹10 lakh for Q1 FY26

Company reported a net profit of ₹2.12 lakh, compared to a net loss of ₹7.78 lakh in Q1 FY25

Total expenses for the quarter amounted to ₹7.88 lakh

Basic and diluted EPS reported at ₹0.00 for the quarter

Total business grew by 13.51% YoY, crossing ₹5,23,736 crore

Gross NPA declined by 69 bps YoY to 2.63%, indicating improved asset quality

Operating profit increased by 18% YoY to ₹1,562 crore

Digital initiatives under 'Project Parivartan' have digitized 22 journeys, with 8 more in pipeline

WhatsApp banking expanded to five languages with 43 services active

RAM advances grew by 23.47%, with retail showing a 30.73% increase

Cost to Income Ratio improved to 54.06% this quarter

Focus on MSME segment with a TAT (Turnaround Time) based USP

Bank aims for 12-14% advances growth and 10-12% deposit growth for FY26

Revenue from operations grew by 5.19% YoY to ₹4416.83 Cr

PBT increased by 24.28% YoY to ₹1289.24 Cr

PAT grew by 24.87% YoY to ₹969.13 Cr

Strong order book position at ₹74859 Cr as of July 1, 2025

Overall positive financial performance for Q1 FY26

Total income from operations increased marginally to ₹10.10 Lakh YoY.

Net profit decreased from ₹3.13 Lakh to ₹1.85 Lakh YoY.

Basic & Diluted EPS decreased from ₹0.06 to ₹0.04 YoY.

The company has no outstanding defaults on loans or debt securities.

The company is engaged in Consultancy services, which is its only reportable segment.

Gross margin improved significantly to 61.7% in Q1 FY'26 from 35.9% in the previous quarter.

Order book stands at INR144.8 crore as of June 30, 2025.

Secured INR137 crore contract for mini-UAVs through emergency procurement.

Emphasis on electronic warfare (EW) resilience capabilities in drone platforms.

Exploring international market opportunities in the US and Europe.

Drone-as-a-Service showing lot of useful progress and helps prevent theft and better management

Developing ZOLT and YETI platforms for next-generation drone technology.

New management team led by acquirers M/S U G Patwardhan Services Private Limited (Acquirer 1), Mr. Kaushal Uttam Shah (Acquirer 2), M/S Agri One India Ventures Llp (Acquirer 3), And Mr. Shantanu Surpure (Acquirer 4)

Reconstitution of the Board, including appointments of independent directors and managing director and chairman

Resignations of several key personnel reflecting the change in control

Appointment of new statutory auditor and secretarial auditor.

Approval of unaudited financial results for Q1 2026 indicating a loss of ₹25.29 lakhs.

Issue and Allotment of 45,00,000 number of Equity Shares through preferential alloment to new promoters at issue price of Rs. 12.50 per share.

Total revenue increased by ₹2.88 lacs YoY, from ₹20.70 lacs to ₹23.58 lacs.

Loss before tax improved significantly from ₹(12.67) lacs to ₹(6.87) lacs YoY.

Employee benefits expense saw a slight increase, rising from ₹10.23 lacs to ₹10.89 lacs YoY.

EPS improved from ₹(0.08) to ₹(0.04) YoY, indicating a better financial performance.

Total expenses decreased from ₹33.37 lacs to ₹30.45 lacs YoY.

Revenue from Operations is ₹9,108.21 Lakhs

Loss before tax is ₹(3,305.64) Lakhs

Loss for the period is ₹(3,305.64) Lakhs

Board approved a Rights Issue of 28,01,673 equity shares at ₹890 per share, totaling ₹249.35 Crore

Rights Issue opened on July 14, 2025, and closes on July 28, 2025

Basic and Diluted EPS is (₹16.86) and (₹16.85) respectively

Retail sales grew 28% YoY, driven by increased outlet operations, but the Same Store Sales Growth decreased from 19.76% to 6.83% YoY

Gross profit margin remained stable at around 11.10% despite the high gold prices.

EBITDA margin decreased from 7.81% to 5.78% due to increase in advertisement and publicity, impacting profitability.

Profit before tax (PBT) declined due to promotional expenses and incremental depreciation as the expansion's revenue stream is yet to mature.

The company is focusing on retail expansion, with new outlets opened in Chennai suburbs.

Steep increase in gold and silver prices may moderately impact volume offtake.

Sales increased to INR 332.26 crore, with an EBITDA of INR 92.53 crore, corresponding to an EBITDA margin of 27.8%.

Anti-dumping duty on solar tempered glass imports from China and Vietnam provided price relief.

Domestic demand is robust, with manufacturing capacity for solar modules expected to rise to 150 gigawatts by March 2027.

₹325.91 crore provision has been made for loss from German subsidiary.

The average selling price increased to INR 138.1 per mm compared to INR 105.5 per mm in the previous year.

Total income for the quarter ended June 30, 2025 is ₹43.62 lacs.

Net profit for the quarter ended June 30, 2025 is ₹22.29 lacs.

Basic and diluted EPS for the quarter ended June 30, 2025 is ₹0.41.

Cash and cash equivalents stood at ₹1,848.32 lacs as of June 30, 2025.

Property, Plant and Equipment at ₹0.85 Lacs as of June 30, 2025.

Consolidated revenue increased by 14% YoY to ₹1,303 crore.

EBITDA grew by 6% YoY to ₹351 crore, with margin at 27%. Excluding Forex loss EBITDA grew by 14% with EBITDA margin of 29%

PAT increased by 4% YoY to ₹255 crore.

US Generics segment showed strong growth of 36%.

India branded generics segment grew 16%.

R&D expenses were 4% of revenue.

Company launched 1 new product in US and focused on new products and existing products

Company has a focus on digitization across all functions of the organization

Revenue from operations increased from ₹2,184.84 crore to ₹2,494.03 crore, indicating positive revenue growth YoY.

Profit decreased from ₹148.87 crore to ₹143.10 crore, which may raise concerns.

Employee benefits expense increased significantly from ₹375.64 crore to ₹475.86 crore YoY.

Cost of materials consumed increased from ₹1,429.14 crore to ₹1,698.63 crore YoY.

The company issued bonus shares in the proportion of 1 equity share for every 2 equity shares held.

Overall positive business sentiment is reflecting in the Q1 FY'26 results

EBITDA margin increased by 287 bps YoY to 14.8% due to COGS decrease

Revenue from Pharma & Agro Intermediates and Specialty Chemicals up 32% sequentially.

Revival of demand in Structure Directing Agents (SDA) segment is underway.

Electrolyte Salts seeing steady uptick; second approved product being manufactured at plant level.

Successful supply of pilot scale samples of very high purity chemicals for semiconductors is now generating strong interest from leading companies

Anticipated commercialization of semiconductor products in 2027 with full-scale commercialization in 2029

Expect continued improvement in Q2 with a shift towards SDA and increased exports