Bhatia Colour Chem Reports 21.4% Revenue Growth and Share Warrant Conversions in H1 FY2026

Bhatia Colour Chem Limited has reported a strong performance for the first half of the fiscal year 2025-26, with significant revenue growth and notable changes in its share capital structure.

Financial Highlights

For the half year ended September 30, 2025, Bhatia Colour Chem Limited posted the following results:

The company witnessed a substantial increase in revenue, growing by 21.4% year-over-year. However, net profit and earnings per share (EPS) saw a decline compared to the same period last year.

Share Warrant Conversion

During the first half of FY 2025-26, Bhatia Colour Chem Limited saw significant activity in its share warrant conversion:

• Holders of 19,05,597 share warrants exercised their conversion rights.
• This led to the allotment of an equivalent number of equity shares at ₹10 each, with a premium of ₹124 per share.
• As a result, the company's paid-up equity share capital increased from ₹12,23,37,500 to ₹14,13,93,470.

The company still maintains ₹835.63 lacs as money received against the remaining 24,94,403 share warrants.

Detailed Warrant Conversion

The conversion of share warrants took place in three tranches:

Future Warrant Conversions

For the remaining 24,94,403 share warrants:

• The company has received 25% of the warrant issue price (₹33.50 per warrant), totaling ₹8,35,62,501.
• The balance 75% (₹100.50 per equity share) is payable when warrant holders exercise their conversion rights.
• This conversion right must be exercised within 18 months from the date of warrant allotment.

Management Commentary

The Board of Directors, in their meeting held on November 13, 2025, reviewed and approved these financial results. The company's management expressed satisfaction with the revenue growth but acknowledged the challenges reflected in the reduced profitability.

Market Implications

While Bhatia Colour Chem has shown strong top-line growth, the decline in profitability may raise questions among investors. The ongoing conversion of share warrants indicates investor confidence in the company's long-term prospects, but it also leads to equity dilution.

Note: This article is based on the financial results and corporate actions reported by Bhatia Colour Chem Limited for the half year ended September 30, 2025. Investors are advised to conduct their own research before making investment decisions.