Amir Chand Q2 profit rises 26% as revenue reaches Rs 693.93 crore

Amir Chand Jagdish Kumar (Exports) Limited reported consolidated profit from continuing operations of Rs 41.08 crore for the quarter ended September 30, 2026, up 26% from Rs 32.56 crore a year earlier, while revenue from operations increased 17% to Rs 693.93 crore. Profit before tax rose 28% to Rs 53.78 crore.

What did Amir Chand report for the September 2026 quarter?

Amir Chand reported consolidated profit from continuing operations of Rs 41.08 crore for the quarter ended September 30, 2026, compared with Rs 32.56 crore for the quarter ended September 30, 2025. The increase was Rs 8.52 crore, while profit before tax increased to Rs 53.78 crore from Rs 41.94 crore. The statement reported no exceptional items for either quarter.

Revenue from operations was Rs 693.93 crore, up from Rs 593.30 crore a year earlier, an increase of Rs 100.63 crore. Other income declined to Rs 50.80 lakh from Rs 3.01 crore, leaving total income at Rs 694.43 crore compared with Rs 596.31 crore. Revenue growth therefore occurred despite lower other income in the September 2026 quarter.

Amir Chand also improved sequentially from the quarter ended June 30, 2026, when revenue from operations was Rs 663.73 crore and profit from continuing operations was Rs 36.63 crore. Profit before tax increased from Rs 47.52 crore in the June quarter, while current tax rose to Rs 12.93 crore from Rs 11.21 crore.

How did Amir Chand’s costs change in the September quarter?

Amir Chand’s cost of materials consumed rose to Rs 555.09 crore in the September 2026 quarter from Rs 496.64 crore a year earlier. The Rs 58.45 crore increase was lower than the Rs 100.63 crore increase in revenue from operations over the same comparison. Purchases of stock in trade were Rs 39.36 crore, compared with Rs 83 lakh in the September 2025 quarter.

Finance costs were Rs 19.09 crore, down from Rs 21.26 crore in the corresponding quarter of 2025 but above Rs 13.73 crore in the June 2026 quarter. Employee-benefit expense declined to Rs 2.72 crore from Rs 3.28 crore, while depreciation and amortisation increased to Rs 1.59 crore from Rs 1.30 crore. These movements were reported alongside total expenses of Rs 640.66 crore, compared with Rs 554.39 crore a year earlier.

Current tax increased to Rs 12.93 crore from Rs 9.71 crore as pre-tax profit rose, while deferred tax was a credit of Rs 23.50 lakh compared with a credit of Rs 34.70 lakh. Total comprehensive income was Rs 41.08 crore for the September 2026 quarter, with the difference from profit from continuing operations reflecting small actuarial and related deferred-tax movements.

How did Amir Chand perform in the first half ended September 2026?

Amir Chand recorded consolidated profit from continuing operations of Rs 77.71 crore for the half year ended September 30, 2026, compared with Rs 48.65 crore for the half year ended September 30, 2025. Profit before tax increased to Rs 101.30 crore from Rs 63.03 crore. The half-year result includes the quarters ended June 30, 2026 and September 30, 2026.

Revenue from operations for the half year rose to Rs 1,357.66 crore from Rs 1,021.25 crore in the prior-year half, an increase of Rs 336.41 crore. Total income was Rs 1,359.11 crore, while cost of materials consumed rose to Rs 1,072.99 crore from Rs 841.91 crore. Finance costs fell to Rs 32.82 crore from Rs 42.58 crore in the prior-year half.

The first-half comparison differs from the September-quarter trend in finance costs. Quarterly finance costs increased from Rs 13.73 crore in June 2026 to Rs 19.09 crore in September 2026, but the half-year figure remained Rs 9.76 crore below the Rs 42.58 crore recorded in the half year ended September 30, 2025.

What changed in Amir Chand’s balance sheet and cash position?

Amir Chand reported total assets of Rs 2,153.33 crore at September 30, 2026, compared with Rs 2,121.39 crore at March 31, 2026. Inventories increased to Rs 1,125.33 crore from Rs 1,039.47 crore, while trade receivables increased to Rs 781.32 crore from Rs 495.21 crore. Current assets were Rs 2,062.46 crore, compared with Rs 2,028.13 crore at the preceding year-end.

Current borrowings declined to Rs 621.08 crore at September 30, 2026 from Rs 757.45 crore at March 31, 2026. Non-current borrowings increased to Rs 50.54 crore from Rs 63.90 lakh, while total equity rose to Rs 951.17 crore from Rs 924.13 crore. Current liabilities were reported at Rs 1,108.29 crore at September 30, 2026.

The cash-flow statement showed a Rs 286.10 crore increase in trade receivables and an Rs 85.86 crore increase in inventories as working-capital movements for the half year ended September 30, 2026. It also reported a Rs 183.63 crore decrease in financial and other assets. Net cash used in financing activities was Rs 126.65 crore, including a Rs 86.47 crore decrease in secured loans and Rs 29.39 crore of interest payments.

What is Amir Chand’s subsidiary and review position?

Amir Chand’s consolidated results include ACJK Foods Private Limited, a wholly owned subsidiary. The entity list also includes Aeroplane FMCG Pte. Ltd. and Amir Chand Trading Company, each held 100% by Amir Chand. The results were reviewed by the Audit Committee and approved by the board on November 2, 2026.

Aeroplane FMCG Pte. Ltd. was incorporated in Singapore on May 15, 2026, and Amir Chand Trading Company was incorporated in Saudi Arabia. Amir Chand said both entities had no transactions in the quarter and half year ended September 30, 2026 and had not commenced operations. The filing consequently reported no financial information requiring consolidation or reporting for the two new subsidiaries during the period.

Pramod K. Sharma & Co. issued an unmodified limited-review conclusion on the consolidated results under Regulation 33 of the Securities and Exchange Board of India listing regulations. Management also said the labour codes effective from November 21, 2025 had not created a material incremental impact on gratuity obligations, based on its assessment and actuarial valuation. It said it was continuing to evaluate effects in other areas, including the contract workforce.

Conclusion

Amir Chand converted a Rs 100.63 crore year-on-year increase in September-quarter revenue into an Rs 8.52 crore increase in profit from continuing operations. The half-year figures showed revenue of Rs 1,357.66 crore and profit from continuing operations of Rs 77.71 crore, while finance costs were lower than in the prior-year half.

The next disclosures can clarify whether receivables of Rs 781.32 crore and inventories of Rs 1,125.33 crore continue to affect working capital. Investors can also watch for any commencement of operations at Aeroplane FMCG Pte. Ltd. and Amir Chand Trading Company, and for the outcome of management’s continuing assessment of the new labour codes’ effect on the contract workforce.