Savita Oil first-half profit rises nearly fivefold to Rs 508 crore

Savita Oil Technologies Limited reported standalone net profit of Rs 508.07 crore for the half year ended 30 September 2026, up from Rs 102.63 crore a year earlier, while revenue from operations increased 54.68% to Rs 3,189.15 crore. Petroleum Products supplied Rs 658.08 crore of segment profit before finance costs, compared with Rs 104.91 crore in the previous first half.

How much did Savita Oil earn in the first half?

Savita Oil earned standalone net profit after tax of Rs 508.07 crore in the half year ended 30 September 2026, against Rs 102.63 crore in the corresponding period of 2025. Profit before tax rose to Rs 677.86 crore from Rs 133.84 crore, and the financial statement reported no exceptional items in either six-month period.

Revenue from operations reached Rs 3,189.15 crore, compared with Rs 2,065.01 crore in the prior-year half. Gross sales or income from operations rose to Rs 3,165.84 crore from Rs 2,049.58 crore, while other operating income increased to Rs 23.31 crore from Rs 15.43 crore. Total income grew to Rs 3,232.08 crore from Rs 2,108.88 crore.

The increase in profit outpaced the rise in revenue. Net profit was about 4.95 times the prior-year amount, whereas revenue from operations was 54.68% higher. Earnings per share, or EPS, increased to Rs 74.11 for the first half from Rs 14.97 a year earlier. The Board approved the unaudited standalone results on 3 November 2026.

Which business drove Savita Oil’s first-half profit increase?

Petroleum Products drove Savita Oil’s first-half profit increase, reporting segment profit before finance costs of Rs 658.08 crore, up from Rs 104.91 crore a year earlier. Its segment revenue was Rs 3,176.56 crore, compared with Rs 2,045.19 crore in the half year ended 30 September 2025.

Wind Power reported segment revenue of Rs 24.86 crore, marginally above Rs 24.43 crore a year earlier. Its segment profit before finance costs rose to Rs 16.93 crore from Rs 16.02 crore. The two operating segments together delivered Rs 675.01 crore of profit before finance costs, with Petroleum Products accounting for the overwhelming share.

Other unallocated income was Rs 30.65 crore in the 2026 first half, down from Rs 39.26 crore in the comparable period. Finance costs increased to Rs 10.71 crore from Rs 9.89 crore. After finance costs and unallocable expenditure net of unallocable income, Savita Oil reported profit before tax of Rs 677.86 crore.

What changed in Savita Oil’s September-quarter earnings?

Savita Oil’s standalone net profit for the quarter ended 30 September 2026 was Rs 215.83 crore, compared with Rs 43.66 crore in the quarter ended 30 September 2025. Quarterly total income increased to Rs 1,717.65 crore from Rs 1,093.23 crore, and profit before tax rose to Rs 287.08 crore from Rs 58.54 crore.

Compared with the immediately preceding quarter ended 30 June 2026, net profit declined from Rs 292.25 crore and profit before tax declined from Rs 390.78 crore. Other income fell to Rs 8.26 crore in the September quarter from Rs 36.57 crore in the June quarter, while finance costs increased to Rs 6.75 crore from Rs 3.96 crore.

Cost of materials consumed was Rs 1,319.53 crore in the September quarter, up from Rs 1,003.02 crore in the June quarter. Other expenses declined to Rs 118.30 crore from Rs 136.58 crore, while the inventory change was negative Rs 53.71 crore, compared with negative Rs 72.10 crore in the prior quarter. These line-item changes accompanied the sequential decline in profit before tax.

What do Savita Oil’s cash flow and working capital show?

Savita Oil generated net cash from operating activities of Rs 217.53 crore during the half year ended 30 September 2026, compared with Rs 92.57 crore in the prior-year period. Cash generated from operations rose to Rs 315.00 crore from Rs 116.32 crore before interest received and income tax paid.

Working capital absorbed cash during the period. Trade receivables increased by Rs 268.79 crore and inventories increased by Rs 224.26 crore, compared with increases of Rs 4.97 crore and Rs 82.33 crore respectively in the previous first half. Income tax paid, net of refund, was Rs 97.65 crore, versus Rs 24.31 crore a year earlier.

Investing activities used Rs 191.54 crore, compared with Rs 50.51 crore in the prior-year half. Savita Oil purchased current investments worth Rs 1,106.50 crore and sold current investments worth Rs 922.58 crore. Cash and cash equivalents ended the period at Rs 110.53 crore, down from Rs 130.61 crore at the start of the half year.

How did Savita Oil’s balance sheet change by September 2026?

Savita Oil’s total standalone assets were Rs 3,430.81 crore at 30 September 2026, up from Rs 2,738.53 crore at 31 March 2026. Inventories rose to Rs 1,108.58 crore from Rs 884.32 crore, while trade receivables increased to Rs 1,183.56 crore from Rs 914.36 crore.

Other equity increased to Rs 2,301.24 crore at 30 September from Rs 1,827.31 crore at the March year-end. Total liabilities were Rs 1,115.85 crore, compared with Rs 897.51 crore six months earlier. Petroleum Products segment assets were Rs 2,676.17 crore, while segment liabilities were Rs 1,012.79 crore at the September reporting date.

The statutory auditor carried out a limited review of the standalone results for the quarter and half year ended 30 September 2026. The accounts were prepared under Indian Accounting Standards, or Ind AS, as stated in the results notes.

Conclusion

Savita Oil’s first-half results show that profit growth was substantially faster than revenue growth: net profit rose from Rs 102.63 crore to Rs 508.07 crore as Petroleum Products segment profit before finance costs increased from Rs 104.91 crore to Rs 658.08 crore. Wind Power remained profitable, but its Rs 16.93 crore segment profit was much smaller than the Petroleum Products contribution.

The disclosed matter to watch next is Savita Oil’s application to the National Company Law Tribunal, Mumbai Bench, for amalgamation with its wholly owned subsidiary, Savita Greentec Limited. The 3 November 2026 filing states that the application has been submitted, but does not disclose an approval date, decision or further timetable.