Neptune Petrochemicals reported a revenue of ₹105.20 crore for the financial year ended March 31, 2026, with a profit after tax of ₹3.03 crore. The company’s board approved the audited standalone and consolidated financial results on May 20, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, MAAK & Associates, expressed an unmodified opinion on the results.

The standalone financial results show revenue from operations increased to ₹105.20 crore in FY26 from ₹94.79 crore in the previous year. Total expenses for the year stood at ₹102.26 crore. The company reported an exceptional item of ₹4.05 crore during the year. Earnings per share (EPS) for the year was ₹15.62 on a basic basis and ₹14.02 on a diluted basis.

Financial Performance

The following table summarizes the standalone financial results for Neptune Petrochemicals Limited for the year ended March 31, 2026:

IPO Proceeds Utilization

The company reported that ₹65.86 crore out of the total IPO proceeds of ₹73.20 crore had been utilized as of March 31, 2026. The unutilized amount of ₹7.34 crore is held in fixed deposits and a current account with Yes Bank. A monitoring agency report noted delays in the deployment of funds for capital expenditure and general corporate purposes. Specifically, ₹9.20 crore was deployed towards general corporate objectives against a target of ₹9.40 crore, and ₹0.59 crore towards capital expenditure against a target of ₹5.15 crore. The company attributed the delays to ongoing project execution and stated that the revised timeline for completion is expected by March 31, 2027.

Operational Details

Neptune Petrochemicals operates in a single reportable business segment, the manufacturing of bitumen and allied products. The company’s shares were listed on the National Stock Exchange of India Limited (SME) effective June 4, 2025. As the company is listed on the SME exchange, it is exempt from adopting Indian Accounting Standards (Ind-AS) and has prepared its financial results in accordance with the applicable accounting standards generally accepted in India.

Promoter Pareshkumar Subodhchandra Shah of neptune petrochemicals confirmed that he, along with other promoters, the promoter group, and persons acting in concert, has not created any encumbrance on shares during the financial year ended March 31, 2026. The disclosure was submitted to the National Stock Exchange of India Ltd. on April 6, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration states that no shares were encumbered directly or indirectly by the promoter group throughout FY26. This filing serves as a formal compliance requirement to inform the exchange regarding the status of shareholding during the specified period.

Disclosure Details

The filing provides specific details regarding the declaration made by the promoter:

The declaration was signed digitally by Pareshkumar Subodhchandra Shah on April 6, 2026, at 15:24:13 IST. Copies of the disclosure were also forwarded to the company and its Audit Committee for their records.