Diligent Industries Limited has intimated the publication of its audited financial results for the quarter and year ended March 31, 2026, in newspapers. The results were published in Prajasakthi (Telugu) and Financial Express (English) on June 4, 2026. The company reported a net profit of ₹252.33 lakh for FY26, a marginal increase from ₹251.49 lakh in the previous year, while revenue from operations grew 6.5% to ₹15,295.18 lakh.

The Board of Directors approved the standalone audited financial results at a meeting held on May 30, 2026. The statutory auditors, M/s P. Suryanarayana & Co, issued an unmodified opinion on the financial statements, which were prepared in accordance with Indian Accounting Standards (Ind AS) 34. The managing director, Bhanu Prakash Vankineni, signed the intimation submitted to BSE Limited.

Financial Performance for FY26

For the quarter ended March 31, 2026, the company recorded a net profit of ₹35.40 lakh, a decrease from ₹44.11 lakh in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 was ₹2,984.77 lakh, down from ₹5,199.61 lakh in Q4FY25. The decline in quarterly revenue was attributed to exceptional items amounting to ₹12.02 lakh recorded during the quarter.

The company's earnings per share (EPS) for basic and diluted equity shares of ₹1 each stood at ₹0.11 for FY26, compared to ₹0.17 in the previous year. The paid-up equity share capital remained unchanged at ₹2,384.31 lakh. The financial results have been made available on the company’s website.

Diligent Industries Limited has received a significant boost to its oil palm operations with the allotment of 9 mandals by the Government of Andhra Pradesh under the Oil Palm Development Programme. This allocation, made pursuant to the National Mission on Edible Oils – Oil Palm (NMEO-OP), positions the company to strengthen its presence in the edible oil segment through enhanced backward integration.

Government Allotment Details

The allotment was formalized through G.O. Ms. No. 16 dated April 2, 2026, issued by the Agriculture & Cooperation (H&S) Department of Andhra Pradesh. The company disclosed this development on April 3, 2026, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

District-wise Distribution

The 9 mandals have been strategically distributed across two key districts in Andhra Pradesh. The company has been allocated 3 mandals in Guntur District, covering Tadikonda, Medikonduru, and Prathipadu areas. Additionally, 6 mandals have been assigned in Palnadu District, encompassing Narasaraopet, Rompicharla, Atchampet, Krosuru, Nekarikallu, and Pedakurapadu.

This allocation represents a significant portion of the total 32 mandals distributed by the government across five districts under the oil palm development initiative.

Strategic Impact and Future Prospects

The mandal allotment is expected to significantly enhance Diligent Industries' operational capabilities in the oil palm cultivation segment. The company anticipates that this allocation will strengthen its backward integration in oil palm cultivation and provide enhanced long-term raw material security for its operations.

The strategic positioning through this allotment is designed to support the development of a more structured sourcing network over time. The company expects this allocation to facilitate improved availability of raw materials, which could contribute to operational efficiencies and support future growth initiatives.

Leveraging this government allocation, Diligent Industries plans to establish an integrated processing facility over time. This development is expected to support scale expansion in the edible oil segment and improve overall operational efficiencies, positioning the company for enhanced market presence in the oil palm cultivation and processing sector.