La Opala revenue rises as September profit falls 5.5% year on year
Key highlights
- La Opala’s September-quarter revenue from operations rose 11.5% year on year to Rs 101.37 crore.
- La Opala’s September-quarter net profit fell 5.5% year on year to Rs 25.30 crore.
- La Opala generated Rs 24.71 crore of operating cash flow in the six months ended September 30, 2026.
- La Opala’s Chief Financial Officer Alok Pandey will retire on December 31, 2026.
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La Opala RG Limited reported revenue from operations of Rs 101.37 crore for the quarter ended September 30, 2026, up 11.5% year on year, while net profit fell 5.5% to Rs 25.30 crore as total expenses grew faster than revenue and other income declined.
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How did La Opala perform in the September 2026 quarter?
La Opala increased September-quarter revenue, but reported lower profit. Revenue from operations rose to Rs 101.37 crore from Rs 90.90 crore in the quarter ended September 30, 2025, while total income, including other income, increased to Rs 105.39 crore from Rs 97.33 crore. The company has one reportable operating segment, glass and glassware, under Indian Accounting Standard 108, or Ind AS 108.
Net profit was Rs 25.30 crore in the September 2026 quarter, compared with Rs 26.78 crore a year earlier. Profit before tax declined to Rs 33.52 crore from Rs 35.19 crore, and basic as well as diluted earnings per share fell to Rs 2.28 from Rs 2.41. La Opala’s board approved the unaudited results on November 13, 2026, after the audit committee reviewed them.
Why did La Opala’s September-quarter profit decline?
La Opala’s profit declined because total expenses rose 15.7% year on year to Rs 71.87 crore, exceeding the 11.5% increase in operating revenue. Cost of materials consumed increased to Rs 19.28 crore from Rs 17.47 crore, employee-benefit expense rose to Rs 17.35 crore from Rs 14.90 crore, and power and fuel costs increased to Rs 16.22 crore from Rs 13.57 crore.
Other expenses rose to Rs 11.45 crore from Rs 8.76 crore, while depreciation and amortisation increased to Rs 5.46 crore from Rs 5.13 crore. Finance costs declined to Rs 1.13 crore from Rs 1.28 crore, but this reduction did not offset the larger increases in operating costs. Other income also declined to Rs 4.02 crore from Rs 6.42 crore, reducing the increase in total income relative to revenue.
Compared with the preceding quarter ended June 30, 2026, revenue from operations increased from Rs 71.36 crore to Rs 101.37 crore. However, other income fell from Rs 13.69 crore to Rs 4.02 crore, while total expenses increased from Rs 51.68 crore to Rs 71.87 crore. Profit before tax was therefore nearly unchanged sequentially at Rs 33.52 crore, compared with Rs 33.37 crore in the June 2026 quarter.
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How did La Opala’s first-half earnings and cash flow change?
La Opala’s net profit for the six months ended September 30, 2026 was Rs 51.50 crore, down from Rs 52.13 crore in the corresponding six months of 2025. Six-month revenue from operations increased to Rs 172.73 crore from Rs 156.17 crore, but profit before tax edged down to Rs 66.89 crore from Rs 67.39 crore as total expenses rose to Rs 123.55 crore from Rs 109.45 crore.
Net cash generated from operating activities increased to Rs 24.71 crore in the six months ended September 30, 2026, from Rs 23.71 crore a year earlier. Operating profit before working-capital changes rose to Rs 62.65 crore from Rs 59.83 crore, while net income taxes paid declined to Rs 14.03 crore from Rs 14.75 crore.
Working-capital movements nevertheless used cash during the first half. Trade receivables absorbed Rs 20.00 crore, compared with Rs 9.55 crore in the prior-year period, while inventories absorbed Rs 10.45 crore compared with Rs 11.64 crore. Cash and cash equivalents at September 30, 2026 were Rs 14.26 lakh, versus Rs 7.82 lakh at September 30, 2025.
What changed in La Opala’s balance sheet at September 2026?
La Opala’s total assets were Rs 890.69 crore at September 30, 2026, compared with Rs 894.58 crore at March 31, 2026. Current investments declined to Rs 491.39 crore from Rs 520.96 crore, while inventories increased to Rs 100.43 crore from Rs 89.98 crore. Trade receivables rose to Rs 49.59 crore from Rs 29.82 crore over the same six-month period.
Total equity decreased to Rs 814.50 crore at September 30 from Rs 820.36 crore at March 31, with other equity at Rs 792.30 crore against Rs 798.16 crore. Current borrowings fell to Rs 2.80 crore from Rs 8.29 crore, while total liabilities increased to Rs 76.19 crore from Rs 74.22 crore. Non-current property, plant and equipment declined to Rs 154.03 crore from Rs 158.47 crore.
What management change did La Opala disclose?
La Opala disclosed that Chief Financial Officer Alok Pandey will retire at the close of business on December 31, 2026. The board noted and accepted his retirement at its November 13, 2026 meeting, and said he would consequently cease to be a key managerial person on that date.
Pandey said in his November 13, 2026 letter that health issues were the reason for his retirement and confirmed that there was no other material reason. He said he had spent 38 years with La Opala and would support a smooth handover during his remaining period. The company did not disclose a successor in the filing.
Conclusion
La Opala’s September 2026 results show revenue growth of 11.5% to Rs 101.37 crore, but a 5.5% decline in net profit to Rs 25.30 crore. Expenses increased faster than operating revenue, led by employee benefits, power and fuel, materials and other expenses, while other income fell both year on year and from the June 2026 quarter.
The next disclosed event is Pandey’s retirement as chief financial officer on December 31, 2026, with no successor named in the filing. Future results will also show whether inventories of Rs 100.43 crore and receivables of Rs 49.59 crore at September 30, 2026 change, and whether cost increases continue to affect profit conversion.