Naturite Agro Products Q1 Results: Net Profit at ₹3.49 lakh, Revenue Falls YoY
Naturite Agro Products Limited reported a net profit of Rs. 3.49 lakhs for Q1 FY27 (quarter ended June 30, 2026), up from Rs. 1.79 lakhs in Q1 FY26, though total income from operations declined to Rs. 208.58 lakhs from Rs. 925.97 lakhs year-on-year. The board approved a stock split of equity shares from face value Rs. 10/- to Rs. 5/- each, and an increase in authorised share capital from Rs. 6,00,00,000 to Rs. 9,00,00,000, subject to shareholder approval. Mrs. Thejasri Kancharla was appointed as Additional Director cum Whole-Time Director for three years, while Mrs. Surakanti Anitha resigned as Additional Director, both effective August 07, 2026. The company's 36th AGM has been scheduled for September 09, 2026.
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Naturite Agro Products Limited's board of directors, at its meeting held on August 07, 2026, approved a series of significant corporate actions including the unaudited financial results for the quarter ended June 30, 2026, a stock split, an increase in authorised share capital, and key changes to its board of directors. The board meeting commenced at 8:00 P.M. and concluded at 8:40 P.M.
Q1 FY27 Financial Performance
The company reported a net profit of Rs. 3.49 lakhs for the quarter ended June 30, 2026, compared to a net profit of Rs. 1.79 lakhs in the corresponding quarter of the previous year. However, total income from operations declined sharply to Rs. 208.58 lakhs from Rs. 925.97 lakhs in the same period last year. The statutory auditors, M N Rao & Associates LLP, expressed an unqualified opinion on the interim financial statements, which were prepared in accordance with Ind AS 34.
The following table presents a summary of the key financial metrics (Rs. in lakhs):
| Metric: | Q1 FY27 (30-06-2026) Unaudited | Q1 FY26 (30-06-2025) Unaudited | Q4 FY26 (31-03-2026) Audited |
|---|---|---|---|
| Income from Operations: | 208.29 | 925.64 | 795.73 |
| Other Operating Income: | 0.28 | 0.33 | 8.69 |
| Total Income from Operations (Net): | 208.58 | 925.97 | 804.42 |
| Cost of Material Consumed: | 912.21 | 489.83 | 531.93 |
| Changes in Inventories: | -784.49 | 381.17 | 193.76 |
| Employee Benefits Expense: | 22.69 | 11.20 | 19.72 |
| Finance Cost: | 3.34 | 4.89 | 15.83 |
| Depreciation: | 2.09 | 2.89 | (0.31) |
| Other Expenses: | 49.25 | 34.20 | 147.44 |
| Total Expenses: | 205.08 | 924.18 | 908.37 |
| Profit / (Loss) Before Tax: | 3.49 | 1.79 | (103.95) |
| Net Profit / (Loss) for the Period: | 3.49 | 1.79 | (167.48) |
| Basic EPS (Rs.): | 0.07 | 0.03 | (3.16) |
| Diluted EPS (Rs.): | 0.07 | 0.03 | (3.16) |
The paid-up equity share capital stood at Rs. 529.60 lakhs (face value Rs. 10/- per equity share) across all reported periods. The company operates in a single business segment.
Stock Split and Authorised Capital Increase
The board approved the sub-division of 1 (one) existing equity share of face value Rs. 10/- (Rupees Ten only) each, fully paid-up, into 2 (Two) equity shares of Rs. 5/- (Rupee Five only) each. The rationale cited for the split is to make the company's equity shares more affordable and enhance their liquidity for increased market participation, particularly by retail and individual investors. The split is expected to be completed within 2 months of receiving shareholder and regulatory approvals.
The pre- and post-split share capital details are as follows:
Authorised Share Capital:
| Particulars: | Pre-Split No. of Shares | Pre-Split Face Value (Rs.) | Pre-Split Total Value (Rs.) | Post-Split No. of Shares | Post-Split Face Value (Rs.) | Post-Split Total Value (Rs.) |
|---|---|---|---|---|---|---|
| Equity Shares: | 60,00,000 | 10 | 6,00,00,000 | 1,20,00,000 | 5 | 6,00,00,000 |
Issued, Subscribed and Paid-Up Capital:
| Particulars: | Pre-Split No. of Shares | Pre-Split Face Value (Rs.) | Pre-Split Total Value (Rs.) | Post-Split No. of Shares | Post-Split Face Value (Rs.) | Post-Split Total Value (Rs.) |
|---|---|---|---|---|---|---|
| Equity Shares: | 52,96,000 | 10 | 5,29,60,000 | 1,05,92,000 | 5 | 5,29,60,000 |
In addition, the board approved an increase in authorised share capital from Rs. 6,00,00,000 (Rupees Six Crores only), divided into 1,20,00,000 (One Crore Twenty Lakhs only) equity shares of Rs. 5/- each, to Rs. 9,00,00,000 (Rupees Nine Crores only), divided into 1,80,00,000 equity shares of Rs. 5/- each. This increase is subject to the approval of shareholders at the ensuing Annual General Meeting.
Board-Level Changes
The board approved two key changes to its composition, effective August 07, 2026:
- Appointment: Mrs. Thejasri Kancharla (DIN: 08660891) was appointed as Additional Director cum Whole-Time Director for a period of 3 years, from August 07, 2026 to August 06, 2029, subject to member approval. Mrs. Thejasri Kancharla holds an MBA and has extensive experience in business management, international trade, agriculture, and IT consulting. She holds nil shares in the company and is not debarred from holding the office of Director by any SEBI order or any other authority.
- Resignation: Mrs. Surakanti Anitha (DIN: 09112240) tendered her resignation from the position of Additional Director with effect from the closure of business hours on August 07, 2026, citing increased professional commitments and personal reasons.
Annual General Meeting and Other Approvals
The board resolved to hold the 36th Annual General Meeting (AGM) of the company on September 09, 2026, at 11:30 A.M. The board also approved the 36th AGM Notice and Directors' Report along with annexures for the financial year ended March 31, 2026, and appointed Mr. Jineshwar Kumar Sankhala, Practicing Company Secretary, as Scrutinizer for conducting the voting process at the ensuing AGM.
Historical Stock Returns for Naturite Agro Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.42% | -1.54% | -6.14% | -4.76% | -49.42% | +69.48% |
How will the significant decline in income from operations (down to Rs. 208.58 lakhs from Rs. 925.97 lakhs) impact the company's ability to sustain profitability in subsequent quarters despite the rise in net profit?
What specific strategies is management implementing to address the sharp increase in cost of materials consumed, which rose to Rs. 912.21 lakhs in Q1 FY27 compared to Rs. 489.83 lakhs in the previous year?
Will the appointment of Mrs. Thejasri Kancharla as Whole-Time Director lead to any immediate changes in the company's operational strategy or international trade focus given her background?
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