Polson revenue rises 29% as half-year profit hits Rs 3.0853 crore

Polson Ltd reported revenue of Rs 27.8849 crore for the quarter ended September 30, 2026, up 29% year on year, while profit after tax for the six months rose 26% to Rs 3.0853 crore. The unaudited standalone results were reviewed by the audit committee and approved by the board on November 13, 2026.

What did Polson report for the September quarter?

Polson reported revenue of Rs 27.8849 crore for the quarter ended September 30, 2026, compared with Rs 21.5572 crore a year earlier. The increase of Rs 6.3277 crore was 29% on the reported figures. Revenue was lower than Rs 28.3227 crore in the preceding June 2026 quarter.

Other income for the September 2026 quarter was Rs 54.06 lakh, against Rs 44.70 lakh in September 2025, taking total income to Rs 28.4255 crore from Rs 22.0042 crore. Total expenses rose to Rs 26.4156 crore from Rs 20.3366 crore. Profit before tax consequently increased to Rs 2.0099 crore from Rs 1.6676 crore.

Profit after tax was Rs 1.4790 crore in the September 2026 quarter, compared with Rs 1.2228 crore a year earlier. Basic and diluted earnings per equity share were Rs 123.25, versus Rs 101.90 in the September 2025 quarter. Paid-up equity share capital was unchanged at Rs 60 lakh, with a face value of Rs 50 per share.

How did Polson's first-half earnings change?

Polson generated revenue of Rs 56.2076 crore in the half year ended September 30, 2026, up from Rs 45.1103 crore in the corresponding 2025 period. The 25% revenue increase was accompanied by other income of Rs 1.0512 crore, compared with Rs 80.04 lakh. Total income therefore rose to Rs 57.2588 crore from Rs 45.9107 crore.

Profit before tax increased to Rs 4.1899 crore in the first half from Rs 3.3421 crore a year earlier. Profit after tax rose by Rs 63.43 lakh to Rs 3.0853 crore from Rs 2.4510 crore. The 26% increase in first-half profit was slightly higher than the reported 25% increase in revenue.

Basic and diluted earnings per share for the six-month period were Rs 257.11, compared with Rs 204.25 in the previous first half. Polson recorded no exceptional or extraordinary items during the September 2026 quarter. Its reported profit before tax therefore did not include a separately identified exceptional item in the filing.

How did Polson's costs move across periods?

Polson's cost of materials consumed rose to Rs 33.1377 crore in the half year ended September 2026 from Rs 23.7585 crore in the prior-year half, an increase of Rs 9.3792 crore. In the September quarter, material cost was Rs 15.8629 crore, compared with Rs 10.9379 crore a year earlier, making it the largest reported expense line.

Employee benefits expense increased to Rs 4.5235 crore in the first half from Rs 4.0500 crore, while depreciation and amortisation expense rose to Rs 3.6000 crore from Rs 3.0600 crore. Other expenses were Rs 11.7254 crore, marginally below Rs 11.7296 crore in the prior-year half, despite the higher revenue and material consumption.

Finance cost declined to Rs 1.4513 crore in the six months from Rs 1.6974 crore a year earlier. In the September 2026 quarter, however, finance cost was Rs 80.20 lakh, above Rs 64.93 lakh in June 2026 and close to Rs 80.33 lakh in September 2025. Total first-half expenses increased to Rs 53.0689 crore from Rs 42.5584 crore as revenue rose by Rs 11.0973 crore.

Changes in inventories of work-in-progress and stock-in-trade were negative Rs 1.369 crore in the September 2026 half, compared with negative Rs 1.7271 crore in the prior-year period, reducing reported expenses in both periods. Tax expense was Rs 1.1046 crore for the six months, against Rs 89.13 lakh a year earlier, alongside the increase in profit before tax.

What business does Polson operate and how were results reviewed?

Polson reported one operating segment under Indian Accounting Standard 108, or Ind AS 108, Operating Segments: manufacturing synthetic organic tanning substance. The corporate filing also describes Polson as a manufacturer and exporter of eco-friendly tannin extracts and leather chemicals. The financial-results note provides no revenue or profit split by product, customer or geography for the September 2026 period.

The results were prepared under Indian Accounting Standard 34, or Ind AS 34, Interim Financial Reporting, and were reviewed by the audit committee and approved by the board on November 13, 2026. According to the outcome notice, the board meeting began at 2:00 pm and concluded at 2:45 pm on that date.

R G B & Associates issued a limited review report on the unaudited standalone results for the quarter and half year ended September 30, 2026. The auditor said nothing had come to its attention to indicate that the results lacked required disclosures or contained a material misstatement. It also stated that a limited review provides less assurance than an audit and that it had not performed an audit.

Conclusion

Polson's September-quarter revenue increased 29% year on year to Rs 27.8849 crore, while first-half revenue rose 25% to Rs 56.2076 crore and first-half profit after tax increased 26% to Rs 3.0853 crore. Material cost, employee benefits expense and depreciation rose over the six months, while finance cost declined year on year and other expenses were broadly unchanged.

The November 13, 2026 filing discloses no revenue target, capacity plan or scheduled operating event. A matter left unresolved is the absence of product, customer and geographic revenue splits within Polson's single reported segment, while subsequent disclosures can show whether sales growth continues alongside material costs of Rs 33.1377 crore in the first half.