Meghmani Organics Limited (NSE: MOL, BSE: 543331), a leading player in the pigments and agrochemicals sector, released its unaudited financial results for the second quarter and half year ending 30 September 2025. The Board approved the results on 8 November 2025, following a review by the Audit Committee and limited review by statutory auditors.
Revenue Growth Supported by Agrochemicals
For Q2 FY2025-26, MOL reported standalone revenue from operations of ₹55,766 lakh, supported by a strong contribution from the agrochemicals segment, which clocked ₹44,263 lakh. The pigments segment contributed ₹11,602 lakh during the period.
On a consolidated basis, revenue from operations stood at ₹57,126 lakh, showing a healthy trend compared to the same period last year.
Profitability Strengthens Significantly
Standalone profit before tax surged to ₹5,751 lakh, resulting in a net profit of ₹4,292 lakh, marking a major improvement over the previous year. For the half-year period, standalone net profit reached ₹8,343 lakh.
Consolidated net profit for Q2 stood at ₹1,155 lakh, reflecting steady growth despite market fluctuations. The half-year consolidated profit reached ₹2,424 lakh.
Employee benefits, finance costs, and other expenditures remained stable and aligned with operational expansion.
Segment Performance
Agrochemicals
The agrochemical division continued to dominate revenue, contributing more than 75% of total standalone sales. Segment results reached ₹7,950 lakh, indicating robust demand and operational efficiency.
Pigments
While pigment revenue moderated compared to previous periods, it remained a key contributor with quarterly revenue of ₹11,602 lakh.
Balance Sheet Remains Strong
MOL’s financial position remains sound with strong asset backing.
- Standalone total assets: ₹3,13,589 lakh
- Consolidated total assets: ₹3,28,533 lakh
- Inventory, trade receivables, and borrowings adjusted in line with business needs and market cycles.
The company also continues capital investments in property, plant, equipment, and subsidiary expansions.
Cash Flow Highlights
Standalone operations generated ₹9,720 lakh in net cash from operating activities during the half year. Consolidated net operating cash stood at ₹6,683 lakh, reflecting healthy liquidity and working capital management.
Audit Observations
Independent auditors, Mukesh M. Shah & Co., issued unmodified limited review reports for both standalone and consolidated results. No material misstatements or compliance deviations were noted.
Management Outlook
Chairman and Managing Director Ankit N. Patel reaffirmed the company’s focus on strengthening its core segments, enhancing operational efficiency, and expanding capacity. With a balanced sectoral performance and prudent financial controls, MOL remains positioned for sustained growth in FY2025-26.