Khoobsurat Limited received the completion order for plots SA 22 and 23 from the Gujarat Industrial Development Corporation (GIDC), marking a significant milestone in its brewery project development. This regulatory clearance follows the successful installation of a 315 KVA transformer to meet the factory's energy requirements.

The company confirmed that No Objection Certificates (NOCs) have been obtained from the Inspectorate of Factories and Boilers and the Directorate of Fire and Emergency Services. These approvals are critical prerequisites for the subsequent licensing processes required to commence commercial operations.

Regulatory Clearances and Timeline

The Occupancy Certificate for the specified plots is currently under process and is expected to be received within the next 15 days. Additionally, the company aims to secure the NOC from the Pollution Control Board to operate the Effluent Treatment Plant (ETP) by the 25th of this month. The consent to establish the ETP has already been granted.

Path to Commercial Operations

Following the receipt of all pending permissions, including the Occupancy Certificate and ETP NOC, the company will submit the documentation to the Excise Department. This step is necessary to obtain permission to operate the plant on a commercial basis. Khoobsurat Limited already holds the license to establish the brewery plant, indicating that the primary hurdle now lies in finalizing operational clearances rather than construction permits.

Khoobsurat Limited reported a standalone net profit of ₹342.15 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to ₹125.32 lakh in the same quarter of the previous fiscal year. The company’s consolidated net profit stood at ₹304.95 lakh, reflecting the inclusion of its subsidiary, Salcete Brewing Limited, for the first time this quarter.

Revenue from operations increased to ₹30.46 lakh in Q1FY27, up from ₹22.49 lakh in Q1FY26 and ₹13.43 lakh in the preceding quarter. Total income reached ₹470.67 lakh, driven primarily by other income which surged to ₹440.21 lakh from ₹136.83 lakh year-on-year.

Financial Highlights

Total expenses for the standalone entity rose to ₹85.19 lakh from ₹34.10 lakh in the corresponding quarter of FY26. Employee benefit expenses were ₹12.73 lakh, while finance costs decreased to ₹3.11 lakh from ₹6.13 lakh last year. Other expenses increased significantly to ₹68.60 lakh from ₹12.46 lakh.

What the Numbers Show

Other income constituted approximately 93% of total income in Q1FY27, indicating that the profitability surge was largely driven by non-operating sources rather than core business revenue. While revenue from operations grew modestly, the substantial increase in other income—up over 220% YoY—was the primary contributor to the bottom-line expansion.

The company’s board of directors approved the unaudited financial results on August 12, 2026. Statutory auditors S P M L & Associates issued a limited review report with an emphasis of matter regarding investments in unlisted companies valued at ₹1,868.27 lakh as of June 30, 2026. The fair value assessment for these investments is scheduled for the financial year-end. Additionally, the auditors noted that interest income has not been recognized on certain outstanding loans and advances due to crystallization issues, though management expects principal recovery.