India Gelatine and Chemicals Limited reported a 14.2% year-on-year increase in net profit to ₹808.42 lakh for the first quarter of FY26, driven by a 16.8% surge in revenue from operations to ₹4,567.82 lakh. The Mumbai-based chemical manufacturer also saw its earnings per share (EPS) rise to ₹11.40 from ₹9.99 in the corresponding period last year, reflecting improved operational efficiency despite higher power and fuel costs.

The Board of Directors approved the unaudited financial results during a meeting held on August 10, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Mahendra N. Shah & Co., Chartered Accountants.

Financial Performance

Revenue from operations climbed to ₹4,567.82 lakh in Q1FY26, up from ₹3,909.65 lakh in Q1FY25. This growth was supported by higher sales volumes in its single reportable segment, the Chemical Business. However, total expenses increased to ₹3,746.49 lakh from ₹3,245.23 lakh in the prior year period, primarily due to a rise in power and fuel costs to ₹842.95 lakh from ₹662.51 lakh.

Other income contributed ₹243.18 lakh, an increase from ₹219.59 lakh in the previous year. Tax expenses stood at ₹256.09 lakh, including current tax of ₹236.33 lakh and deferred tax of ₹19.76 lakh. The company’s total comprehensive income for the period was ₹821.13 lakh.

Governance Updates

Alongside the financial results, the Board reviewed and approved the revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This update aligns with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, ensuring timely and uniform disclosure of material information to stakeholders. The Company Secretary serves as the Chief Investor Relations Officer, responsible for disseminating UPSI through stock exchanges and widely circulated media.

What the Numbers Show

The divergence between revenue growth (+16.8%) and expense growth (+15.4%) indicates margin expansion for India Gelatine and Chemicals Limited. While power and fuel costs rose significantly, the company managed to contain other operational expenses, leading to a sharper increase in profit before tax (+20.4%) compared to revenue. This suggests effective cost management strategies are yielding positive results in the chemical manufacturing segment.

india gelatine & chemicals has dispatched the notice for its 54th Annual General Meeting (AGM) and the Annual Report for FY26, confirming a robust financial performance where net profit after tax (PAT) surged 44.4% to ₹25.10 crore. The meeting, scheduled for Tuesday, August 25, 2026, at 11:00 a.m., will be conducted via Video Conferencing or Other Audio-Visual Means (OAVM). Shareholders are advised that remote e-voting will commence on Saturday, August 22, 2026, at 10:00 a.m., and conclude on Monday, August 24, 2026, at 5:00 p.m.

The company’s financial results for FY26 reveal a significant divergence between top-line revenue and bottom-line profitability. While revenue from operations contracted by 14.5% to ₹169.81 crore from ₹198.53 crore in FY25, PAT rose sharply to ₹25.10 crore from ₹17.39 crore. This expansion was driven by improved EBITDA, which increased 30.5% to ₹37.62 crore, reflecting effective cost optimization measures despite a 16% drop in gelatine selling prices and a 30% decline in ossein prices. The Board has recommended a final dividend of ₹6 per equity share, up from ₹5 in the previous year.

Key Financial Metrics

AGM Agenda and Voting Details

Shareholders will vote on several special resolutions at the upcoming AGM. Key items include the re-appointment of Maheswaran Sankaralingam as a Non-Executive Director under Regulation 17(1A) of the SEBI Listing Regulations, noting he has attained the age of 75. Additionally, shareholders will approve a revised remuneration structure for P. Velmurugan, Whole-Time Director, totaling ₹1.22 crore per annum effective from April 1, 2026. The Board also seeks approval for shifting the registered office from Navrangpura, Ahmedabad, to Vapi, Gujarat.

The cut-off date for determining voting rights and dividend entitlement is Tuesday, August 18, 2026. Consequently, the Register of Members and Share Transfer Books will remain closed from Wednesday, August 19, 2026, to Tuesday, August 25, 2026. Members can cast their votes via the Central Depository Services (India) Limited (CDSL) platform. Mr. Chirag Shah, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the e-voting process.

Operational Efficiency Drives Margins

Management attributed the margin improvement to rigorous cost controls, including an approximate 8% reduction in power costs aided by its solar power plant, which generated estimated savings of over ₹2.5 crore. Improved efficiency in hot air generators further lowered energy consumption. Despite global price pressures in the gelatine sector, the company maintained stable raw material availability, particularly crushed bones, ensuring uninterrupted operations. The increase in net worth to ₹193.56 crore strengthens the balance sheet, supporting future investments such as the planned ₹80 crore capacity expansion project.