Gujarat Ambuja Exports Limited approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 9, 2026. The results were reviewed by the Audit Committee prior to Board approval. The statutory auditors, M/s. Kantilal Patel & Co., Chartered Accountants, issued Auditors' Reports with unmodified opinion on both standalone and consolidated audited financial results. The Board meeting commenced at 12:30 p.m. (IST) and concluded at 02:35 p.m. (IST).

Standalone Financial Performance

On a standalone basis, the company delivered a strong performance for the year ended March 31, 2026. Revenue from operations grew to ₹5,728.60 crores compared to ₹4,612.58 crores in the previous year. Total income stood at ₹5,835.99 crores against ₹4,696.28 crores previously. Net profit for the year rose to ₹304.99 crores from ₹250.82 crores, while profit before tax was ₹405.12 crores versus ₹342.51 crores in the prior year. On a quarterly basis, Q4 standalone net profit surged to ₹135.45 crores from ₹32.69 crores in Q4 of the prior year, while revenue from operations rose to ₹1,466.49 crores from ₹1,266.62 crores. The following table summarises the key standalone financial metrics:

Consolidated Financial Performance

On a consolidated basis, which includes the wholly owned subsidiary Maiz Citchem Limited, the group reported revenue from operations of ₹5,728.60 crores for the year ended March 31, 2026, compared to ₹4,612.58 crores previously. Total income was ₹5,835.77 crores against ₹4,695.06 crores in the prior year. Consolidated net profit for the year stood at ₹304.28 crores versus ₹249.25 crores previously, and profit before tax was ₹404.41 crores compared to ₹340.94 crores. Key consolidated metrics are presented below:

Segment-wise Performance

The consolidated segment-wise results for the year ended March 31, 2026 highlight the Maize Processing Division as the largest revenue contributor, followed by the Other Agro Processing Division. The segment revenue and results are detailed below:

Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflects total assets of ₹4,154.26 crores compared to ₹3,584.96 crores as at March 31, 2025. Total equity stood at ₹3,297.39 crores, comprising equity share capital of ₹45.87 crores and other equity of ₹3,251.52 crores. On the consolidated basis, total assets were ₹4,159.54 crores against ₹3,587.07 crores previously, with total equity attributable to owners at ₹3,294.99 crores. Key balance sheet figures are summarised below:

Cash Flow Summary

On a standalone basis, net cash flow generated from operating activities for the year ended March 31, 2026 stood at ₹242.94 crores, compared to ₹349.12 crores in the prior year. Net cash used in investing activities was ₹464.56 crores, while net cash generated from financing activities was ₹225.23 crores, resulting in a net increase in cash and cash equivalents of ₹3.61 crores. On a consolidated basis, net cash from operating activities was ₹228.04 crores, net cash used in investing activities was ₹400.61 crores, and net cash from financing activities was ₹176.35 crores, resulting in a net increase of ₹3.78 crores in cash and cash equivalents. The key cash flow figures are presented below:

Final Dividend and Other Board Decisions

Alongside the financial results, the Board recommended a final dividend for FY2025-26, subject to approval by members at the ensuing Annual General Meeting. Dividend payments will be processed exclusively through electronic mode in accordance with the applicable SEBI circular. The key details of the dividend and other Board decisions are outlined below:

Physical shareholders are required to furnish PAN, contact details, bank account details, and specimen signature to the Registrar and Share Transfer Agent or the company, while demat shareholders must update their KYC details with their respective Depository Participants. Shareholders who have already completed their KYC updates are advised to treat the communication as informational only.

Exceptional Item and Labour Code Impact

During the quarter and nine months ended December 31, 2025, the company had recognised an estimated incremental liability of ₹4.66 crores as an exceptional item relating to changes in the wage definition under the New Labour Codes, following the Government of India's notification dated November 21, 2025 consolidating 29 existing labour laws into four labour codes. Subsequently, based on actuarial valuation and refinement of assumptions, the liability was revised to ₹3.97 crores for the year ended March 31, 2026, and the excess provision of ₹0.69 crores was reversed in the financial results for the quarter ended March 31, 2026. The company and the group continue to monitor the finalisation of Central and State Rules and any further financial impact will be evaluated and accounted for in the period in which such developments are notified.

The audited financial results have been uploaded on the company's official website at www.ambujagroup.com and are also available on the stock exchange websites at www.bseindia.com and www.nseindia.com .

Gujarat Ambuja Exports Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors, at their meeting held on May 9, 2026, approved the results and recommended a final dividend of 30%, or ₹0.30 per equity share of ₹1 each, for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company communicated the summary of audited financial results and the dividend declaration to its members via email on May 9, 2026. The statutory auditors, M/s. Kantilal Patel & Co., issued an unmodified opinion on the financial statements.

Q4 Standalone Performance

Gujarat Ambuja Exports delivered a strong quarterly performance in Q4. Standalone net profit for the quarter stood at ₹1.35B compared to ₹327M in the same quarter of the previous year. Revenue for the quarter came in at ₹14.66B versus ₹12.67B in the year-ago period. EBITDA for Q4 surged to ₹1.95B from ₹622M year-on-year, with the EBITDA margin expanding significantly to 13.30% from 4.91% in the corresponding quarter of the prior year.

Standalone Financial Performance

For the financial year ended March 31, 2026, the company reported a robust standalone performance. Total income increased to ₹5,835.99 crores from ₹4,696.28 crores in the previous year. Revenue from operations stood at ₹5,728.60 crores, while other income contributed ₹107.39 crores. Net profit for the year rose to ₹304.99 crores from ₹250.82 crores in FY25. Total expenses for the year were ₹5,426.90 crores, with the cost of materials consumed being the largest component at ₹3,493.20 crores. Profit before tax improved to ₹405.12 crores against ₹342.51 crores in the prior year.

Consolidated Financial Performance

On a consolidated basis, which includes the results of wholly-owned subsidiary Maiz Citchem Limited, total income for FY26 was ₹5,835.77 crores compared to ₹4,695.06 crores in FY25. Consolidated net profit for the year stood at ₹304.28 crores, up from ₹249.25 crores in the previous year. Consolidated profit before tax was ₹404.41 crores versus ₹340.94 crores in FY25. Basic and diluted EPS on a consolidated basis stood at ₹6.63 for FY26 compared to ₹5.44 in FY25.

Segment-wise Performance

The consolidated segment data reveals the Maize Processing Division as the largest revenue contributor, generating ₹3,565.95 crores in FY26, followed by the Other Agro Processing Division at ₹2,089.21 crores, which saw a sharp increase from ₹1,168.19 crores in FY25. The Spinning Division contributed ₹65.11 crores and the Renewable Power Division added ₹8.33 crores to total revenue from operations of ₹5,728.60 crores.

Balance Sheet and Cash Flows

The standalone balance sheet as of March 31, 2026, reflects total assets of ₹4,154.26 crores, up from ₹3,584.96 crores in the prior year. Total equity stood at ₹3,297.39 crores. On a consolidated basis, total assets were ₹4,159.54 crores with total equity of ₹3,294.99 crores. Standalone net cash flow from operating activities for the year was ₹242.94 crores, while investing activities used ₹464.56 crores, primarily towards capital expenditure of ₹273.35 crores. Financing activities generated ₹225.23 crores, resulting in a net increase in cash and cash equivalents of ₹3.61 crores.

Dividend and Member Communication

In line with SEBI Master Circular HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026, dividends are to be paid through electronic mode only. Members holding shares in physical form are requested to furnish PAN, contact details, bank account details, and specimen signature to the Registrar and Share Transfer Agent or the company. Members holding shares in demat form are requested to update their KYC with their respective Depository Participants. The financial results have been uploaded on the company's website at www.ambujagroup.com and were circulated electronically to members whose email addresses are registered with the company.

Exceptional Items and Key Board Decisions

The financial results included an exceptional item related to the statutory impact of new Labour Codes. The Government of India consolidated 29 existing labour laws into four labour codes via notification dated November 21, 2025. The company had initially recognised an estimated incremental liability of ₹4.66 crores during the quarter and nine months ended December 31, 2025. Following actuarial valuation, the liability was revised to ₹3.97 crores for the full year, resulting in a reversal of excess provision of ₹0.69 crores in the quarter ended March 31, 2026. Beyond the financial results, the Board approved the re-appointment of M/s. T. R. Chadha & Co. LLP as Internal Auditor and M/s. N. D. Birla & Co. as Cost Auditor for FY 2026-27.