Lords Chloro Alkali revenue rises as pre-tax profit falls

Lords Chloro Alkali Limited reported revenue from operations of Rs 115.40 crore for the quarter ended September 30, 2026, up from Rs 98.34 crore a year earlier, while profit before tax fell to Rs 11.78 crore from Rs 14.30 crore. The board approved the unaudited standalone results on November 3, 2026.

How did Lords Chloro Alkali’s September-quarter revenue and profit change?

Lords Chloro Alkali increased September-quarter revenue year on year, but its reported profit before tax declined. Revenue from operations rose by Rs 17.06 crore to Rs 115.40 crore in the quarter ended September 30, 2026, from Rs 98.34 crore in the quarter ended September 30, 2025. Profit before tax fell by Rs 2.52 crore to Rs 11.78 crore over the same period.

The sequential comparison also showed higher revenue but lower pre-tax profit. Revenue from operations was Rs 106.35 crore in the quarter ended June 30, 2026, compared with Rs 115.40 crore in the September quarter. Profit before tax was Rs 16.29 crore in June 2026, or Rs 4.51 crore above the September-quarter result.

Other income was Rs 10.61 lakh in the September 2026 quarter, compared with Rs 24.29 lakh in the September 2025 quarter and Rs 2.30 lakh in the June 2026 quarter. Total income increased to Rs 115.51 crore from Rs 100.77 crore a year earlier, with the rise in operating revenue exceeding the year-on-year reduction in other income.

Earnings per equity share, with a face value of Rs 10 each, were Rs 3.15 for the September 2026 quarter, compared with Rs 3.59 for the September 2025 quarter. The results contain no reported exceptional item for the September 2026 quarter, so the stated pre-tax profit is not presented with a separate exceptional-item adjustment.

Which costs changed in Lords Chloro Alkali’s September quarter?

Lords Chloro Alkali reported lower power and fuel charges year on year, while raw-material consumption increased. Power and fuel charges were Rs 37.79 crore in the September 2026 quarter, down from Rs 39.19 crore in the corresponding 2025 quarter. The expense line was equivalent to about one-third of the latest quarter’s Rs 115.40 crore revenue from operations.

Raw-material consumption rose to Rs 36.68 crore in the September 2026 quarter from Rs 26.75 crore a year earlier, an increase of Rs 9.94 crore. The filing does not separate the effects of selling prices, volumes, product mix, input prices or production utilisation, so it does not identify one specific cause for the Rs 2.52 crore year-on-year decline in profit before tax.

Depreciation and amortisation expense was Rs 4.30 crore in the September 2026 quarter, while finance cost was Rs 2.74 crore. These charges were recognised before the reported Rs 11.78 crore profit before tax. The company’s statement identifies one operating segment, the chloro-alkali sector involving caustic soda and its derivatives, and provides no separate product-level revenue or profit data.

Total income increased by Rs 14.74 crore year on year, from Rs 100.77 crore to Rs 115.51 crore, whereas power and fuel charges declined by Rs 1.40 crore. The reported figures nevertheless show that higher sales and lower power costs did not result in a higher pre-tax outcome, alongside the increase in raw-material consumption and the fall in other income.

What changed in Lords Chloro Alkali’s balance sheet by September 2026?

Lords Chloro Alkali’s total assets increased to Rs 520.49 crore at September 30, 2026, from Rs 478.70 crore at March 31, 2026. Property, plant and equipment rose to Rs 304.60 crore from Rs 250.08 crore during the six-month period. Capital work in progress declined to Rs 24.13 crore at September 30 from Rs 43.85 crore at the March year-end.

Total equity was Rs 266.66 crore at September 30, 2026, compared with Rs 242.52 crore at March 31, 2026. Equity share capital was unchanged at Rs 28.65 crore, while other equity increased to Rs 238.00 crore from Rs 213.87 crore. The change in total equity therefore came through other equity rather than a reported increase in share capital.

Total liabilities rose to Rs 262.83 crore at September 30, 2026, from Rs 236.19 crore at March 31, 2026. Non-current borrowings were Rs 112.13 crore and current borrowings were Rs 57.57 crore at September 30, giving combined borrowings of Rs 169.70 crore. At March 31, the corresponding balances were Rs 96.37 crore and Rs 65.56 crore, together Rs 161.93 crore.

Cash and cash equivalents decreased to Rs 23.75 crore at September 30, 2026, from Rs 29.43 crore at March 31, 2026. Trade receivables increased to Rs 63.54 crore from Rs 50.77 crore, while inventories declined to Rs 34.53 crore from Rs 41.21 crore. These movements occurred as total assets increased by Rs 41.78 crore over the six months.

What do Lords Chloro Alkali’s cash flows and review report show?

Lords Chloro Alkali generated Rs 49.07 crore of net operating cash flow in the half year ended September 30, 2026, while investing activities used Rs 56.72 crore. Payments for property, plant and equipment, including capital advances and capital work in progress, were Rs 57.05 crore. The investing outflow was therefore larger than net operating cash generation by Rs 7.65 crore.

Financing activities generated net cash of Rs 1.98 crore during the half year. The cash-flow statement records Rs 26.50 crore of proceeds from long-term borrowings, Rs 11.68 crore of repayment of short-term borrowings and Rs 5.16 crore of finance cost paid. Combined operating, investing and financing flows resulted in a Rs 5.68 crore decrease in cash and cash equivalents.

The September 2026 quarterly and half-year figures are unaudited standalone financial results. In its limited review report dated November 3, 2026, the independent auditor said nothing had come to its attention that caused it to believe the statement had not made the required disclosures or contained a material misstatement. The auditor also stated that a review provides less assurance than an audit.

The audit committee reviewed and recommended the results before the board approved them on November 3, 2026. Lords Chloro Alkali said the accounts were prepared under Indian Accounting Standards, including Ind AS 34, which covers interim financial reporting. The filing also states that prior-period figures were regrouped, rearranged or recast where required.

Conclusion

Lords Chloro Alkali combined a Rs 17.06 crore year-on-year increase in September-quarter revenue with a Rs 2.52 crore decline in pre-tax profit. The results show lower power and fuel charges of Rs 37.79 crore, higher raw-material consumption of Rs 36.68 crore and lower other income of Rs 10.61 lakh, while the company continued to report a single chloro-alkali operating segment.

The filing does not disclose a forward target, project timetable or date for the next results announcement. The next reported figures will show whether the Rs 57.05 crore half-year investment outflow, Rs 169.70 crore of combined borrowings and Rs 23.75 crore cash balance are followed by changes in operating cash flow, revenue and pre-tax profit.