Anmol India revenue drops 42%, profit falls to Rs 3.26 crore

Anmol India Limited reported revenue from operations of Rs 266.50 crore for the quarter ended September 30, 2026, down 42% from Rs 455.72 crore in the June quarter, while profit after tax fell to Rs 3.26 crore from Rs 6 crore. The September-quarter profit nevertheless exceeded the Rs 7 lakh reported a year earlier.

Why did Anmol India’s September-quarter revenue fall?

Anmol India’s revenue from operations declined by Rs 189.22 crore sequentially to Rs 266.50 crore in the September 2026 quarter from Rs 455.72 crore in the June 2026 quarter. Total revenue, including other income, fell to Rs 268.59 crore from Rs 458.33 crore, while other income decreased to Rs 2.09 crore from Rs 2.61 crore.

The September-quarter revenue was still Rs 38.21 crore above Rs 228.29 crore in the quarter ended September 30, 2025. Anmol India reports a single operating segment, trading of coal and other items, and the filing does not provide a product, volume or geographical breakdown that explains the sequential decline.

Purchases of stock-in-trade decreased by Rs 253.92 crore sequentially to Rs 216.98 crore in the September quarter. However, changes in inventories became an expense of Rs 43.46 crore after a Rs 25.82 crore credit in the June quarter, meaning the combined movement in these two trading-cost lines differed from the fall in sales.

How did Anmol India’s September-quarter profit change?

Anmol India’s profit after tax fell by Rs 2.74 crore sequentially to Rs 3.26 crore in the quarter ended September 30, 2026. Profit before tax declined by Rs 3.66 crore to Rs 4.36 crore, while current tax expense reduced to Rs 1.10 crore from Rs 2.02 crore in the preceding quarter.

Compared with the year-earlier quarter, profit after tax increased from Rs 7 lakh to Rs 3.26 crore and profit before tax rose from Rs 9 lakh to Rs 4.36 crore. In the September 2025 quarter, total expenses of Rs 230.77 crore were close to total revenue of Rs 230.86 crore, leaving a narrow pre-tax surplus.

Finance costs were Rs 2.29 crore in the September 2026 quarter, compared with Rs 4.34 crore in June 2026 and Rs 3.27 crore a year earlier. Operating and other expenses rose to Rs 1 crore from Rs 39 lakh sequentially, while employee benefits expense was Rs 36 lakh against Rs 37 lakh in the June quarter.

Basic and diluted earnings per share were Rs 0.57 in the September quarter, down from Rs 1.05 in the June quarter and up from Rs 0.01 a year earlier. Paid-up equity share capital was unchanged at Rs 56.91 crore across all three reported quarters.

What were Anmol India’s first-half results?

Anmol India reported revenue from operations of Rs 721.29 crore for the half year ended September 30, 2026, down Rs 84.36 crore from Rs 805.65 crore in the corresponding prior-year half. Total revenue fell to Rs 726 crore from Rs 810.75 crore, despite September-quarter revenue exceeding the comparable quarter a year earlier.

First-half profit after tax increased by Rs 3.42 crore to Rs 9.27 crore from Rs 5.85 crore, while profit before tax rose to Rs 12.39 crore from Rs 7.82 crore. Basic and diluted earnings per share for the half year were Rs 1.63, compared with Rs 1.03 in the prior-year period.

Purchases of stock-in-trade declined by Rs 153.89 crore year on year to Rs 686.95 crore in the first half. Inventory changes became an expense of Rs 17.64 crore after a Rs 48.64 crore credit in the prior-year half, while finance costs declined by Rs 1.53 crore to Rs 6.63 crore.

For the year ended March 31, 2026, Anmol India reported revenue from operations of Rs 1,416.57 crore and profit after tax of Rs 11.30 crore. First-half 2026-27 revenue was Rs 721.29 crore and first-half profit was Rs 9.27 crore; these are reported period comparisons and not a full-year forecast.

What changed in Anmol India’s balance sheet and cash flow?

Anmol India’s total assets rose to Rs 387.99 crore at September 30, 2026 from Rs 344.19 crore at March 31, 2026. Non-current investments increased to Rs 76.65 crore from Rs 3.36 crore, while cash and cash equivalents increased by Rs 75 lakh to Rs 127.82 crore.

Working-capital balances moved in different directions during the six months. Inventories fell by Rs 17.65 crore to Rs 58.19 crore and trade receivables fell by Rs 45.87 crore to Rs 46.09 crore, while other current assets increased by Rs 33.42 crore to Rs 77.58 crore.

Trade payables rose by Rs 40.63 crore to Rs 53.48 crore, while current borrowings declined by Rs 28.70 crore to Rs 127.80 crore. Total equity increased to Rs 127.52 crore from Rs 118.96 crore at the March 2026 year-end.

Net cash from operating activities was Rs 105.18 crore in the half year, compared with Rs 20.90 crore a year earlier. Investing activities used Rs 68.70 crore, principally including Rs 73.29 crore spent on investments, while financing activities used Rs 35.73 crore, including Rs 28.70 crore of working-capital borrowing repayment.

What did Anmol India disclose about the review and reporting scope?

Anmol India said its board approved the unaudited standalone results on November 13, 2026, following review and recommendation by the audit committee. The board meeting started at 4.30 pm and concluded at 5.10 pm, according to the exchange filing dated November 13, 2026.

The statutory auditor, K R Aggarwal & Associates, issued a limited-review conclusion for the quarter and half year ended September 30, 2026 rather than an audit opinion. The auditor said nothing had come to its attention that caused it to believe the statement had failed to disclose required information or contained a material misstatement.

The results were prepared under Indian Accounting Standards, known as Ind AS, and cover standalone operations rather than a consolidated group. Anmol India said earlier-period figures had been regrouped or reclassified where necessary for comparability, and it disclosed no revenue guidance, profit target or management explanation for the sequential revenue decline.

Conclusion

Anmol India’s September-quarter performance combined a Rs 189.22 crore sequential revenue reduction with a Rs 2.74 crore fall in profit after tax from the June quarter. Against September 2025, revenue increased by Rs 38.21 crore and profit after tax rose from Rs 7 lakh to Rs 3.26 crore, while first-half profit increased despite lower first-half revenue.

What to watch next is the unresolved reason for the decline from Rs 455.72 crore of June-quarter revenue to Rs 266.50 crore in September, as the filing gives no management explanation or target. Subsequent disclosures can also show whether the Rs 76.65 crore non-current investment balance, Rs 46.09 crore trade receivables and Rs 53.48 crore trade payables change further.