Kalyani Investment Company reported unaudited financial results for the quarter ended June 30, 2026, showing improvement across key standalone metrics and a turnaround at the consolidated level compared to the year-ago period. The results were published in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Standalone financial performance

On a standalone basis, total income from operations for the quarter ended June 30, 2026 came in at ₹59.48 million, compared to ₹57.82 million in the quarter ended June 30, 2025. Standalone net profit after tax rose to ₹24.21 million from ₹20.76 million in the year-ago quarter. Profit before tax remained at ₹33.14 million, unchanged from the year-ago figure. Basic and diluted earnings per share (of ₹10 each, not annualised) stood at ₹5.55 for the quarter, against ₹4.76 in the corresponding quarter of the previous year.

The following table summarises the standalone quarterly financial highlights:

Consolidated financial performance

At the consolidated level, Kalyani Investment Company reported a net profit after tax of ₹6.84 million for the quarter ended June 30, 2026, reversing a net loss of ₹31.81 million in the corresponding quarter of the previous year. Total income from operations on a consolidated basis stood at ₹59.48 million, the same as the standalone figure, compared to ₹57.82 million a year ago. Consolidated profit before tax (after exceptional items) came in at ₹9.93 million, against a loss of ₹40.35 million in the year-ago quarter. Consolidated basic and diluted EPS (of ₹10 each, not annualised) was ₹1.57, compared to a loss of ₹7.29 per share in Q1 of the previous year.

The following table summarises the consolidated quarterly financial highlights:

Capital structure

Equity share capital remained unchanged at ₹43.65 million across both standalone and consolidated accounts for all reported periods. Other equity as at March 31, 2026 stood at ₹111,908.84 million on a standalone basis and ₹113,869.66 million on a consolidated basis.

Total comprehensive income

A notable feature of the results is the significant expansion in total comprehensive income after tax, which includes other comprehensive income after tax. On a standalone basis, this figure rose to ₹26,866.63 million in the quarter ended June 30, 2026, from ₹7,760.94 million in the year-ago quarter. On a consolidated basis, total comprehensive income after tax stood at ₹26,849.73 million, compared to ₹7,707.43 million in the corresponding quarter of the previous year. The results were approved by Chairman Amit B. Kalyani and dated August 13, 2026 from Pune.

Kalyani Investment Company reported a standalone profit after tax (PAT) of ₹24.21 million for the quarter ended June 30, 2026, rising 16.6% year-on-year from ₹20.76 million. On a consolidated basis, the company returned to profitability with a PAT of ₹6.84 million, reversing a loss of ₹31.81 million recorded in the same quarter last year.

The results were approved by the Board of Directors on August 13, 2026. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors P G Bhagwat LLP.

Financial Performance

Standalone total income for Q1FY27 stood at ₹59.48 million, compared to ₹57.82 million in Q1FY26. Interest income from fixed deposits contributed ₹51.27 million, while net gains on fair value changes added ₹8.21 million. Dividend income was nil for the quarter.

Consolidated total income remained flat at ₹59.48 million. However, the share in profit/loss of associate companies significantly impacted the bottom line. The company recorded a share in loss of ₹23.21 million from its associate, Hikal Limited, compared to a share in loss of ₹70.25 million in the previous year quarter.

What the Numbers Show

The most material driver of the company’s financial performance was Other Comprehensive Income (OCI). Both standalone and consolidated OCI surged to approximately ₹26,842 million and ₹26,843 million respectively, compared to roughly ₹7,740 million in the prior year quarter. This increase was primarily due to changes in the fair value of FVTOCI equity investments, which rose to ₹31,192 million from ₹9,032 million. This indicates that the reported comprehensive income is heavily dependent on unrealized valuation gains rather than operational cash flows or dividend receipts, which were nil for the quarter.

Associate Company Developments

The consolidated results reflect developments at Hikal Limited, in which Kalyani Investment holds a 31.36% stake. Key updates include:

• Environmental Litigation: No material developments occurred regarding the alleged non-compliance with environmental laws. The Supreme Court of India has stayed the National Green Tribunal’s order accepting compensation claims of ₹174.5 million against Hikal. Hikal believes it has a strong case on merits.
• Revenue Recognition Review: An external expert review confirmed that earlier irregularities in revenue timing were limited to preponement of genuine sales via document alteration by certain employees. Corrective actions have been implemented, with no further impact on current or previous periods.
• Asset Impairment: In the prior fiscal year, Hikal recorded an impairment charge of ₹471 million for assets rendered unusable during plant repurposing. Kalyani’s share of this charge was ₹147.71 million.
• Liability Restructuring: Hikal restructured salary components, reducing a previously recognized gratuity liability by ₹89 million. Kalyani recognized its share of this reduction at ₹27.91 million as an exceptional item benefit in the current quarter.