Shivalik Rasayan H1 revenue reaches Rs 368 crore, profit Rs 18 crore

Shivalik Rasayan Limited reported consolidated revenue from operations of Rs 368.00 crore and net profit of Rs 17.97 crore for the half year ended September 30, 2026, compared with Rs 196.99 crore and Rs 7.13 crore, respectively, in the corresponding half-year of 2025. The Board approved the unaudited results on November 13, 2026.

What did Shivalik Rasayan report for H1 2026?

Shivalik Rasayan reported a Rs 171.01 crore increase in consolidated revenue from operations for the half year ended September 30, 2026. Revenue from operations rose to Rs 368.00 crore from Rs 196.99 crore in the half year ended September 30, 2025, while other income increased to Rs 4.08 crore from Rs 0.99 crore. Total revenue therefore reached Rs 372.08 crore, against Rs 197.98 crore a year earlier.

Shivalik Rasayan recorded total consolidated expenses of Rs 350.61 crore in H1 2026, compared with Rs 174.51 crore in H1 2025. Profit before tax was Rs 21.48 crore, up from Rs 9.62 crore, and total tax expense was Rs 3.51 crore, against Rs 2.50 crore. Net profit was consequently Rs 17.97 crore, compared with Rs 7.13 crore in the prior-year half.

How much did Shivalik Rasayan's H1 profit increase?

Shivalik Rasayan's consolidated net profit increased by Rs 10.84 crore year on year in H1 2026. The Rs 17.97 crore reported for the half year ended September 30, 2026 was more than twice the Rs 7.13 crore recorded for the corresponding 2025 period. Profit before tax increased by Rs 11.85 crore, from Rs 9.62 crore to Rs 21.48 crore.

Shivalik Rasayan reported basic and diluted earnings per share, or EPS, of Rs 7.71 for H1 2026, compared with Rs 3.12 for H1 2025. EPS is the earnings attributed to each equity share under the reported calculation. The consolidated statement showed paid-up equity share capital of Rs 7.88 crore for both half-year comparisons.

The filing reports that total revenue increased by Rs 174.10 crore, while total expenses rose by Rs 176.09 crore between the two half years. Other income increased by Rs 3.09 crore over the same comparison, while the disclosed tax expense increased by Rs 1.01 crore. The filing does not include management commentary attributing the revenue or profit movements to specific operating factors.

What costs did Shivalik Rasayan disclose in H1 2026?

Shivalik Rasayan disclosed consolidated total expenses of Rs 350.61 crore for H1 2026, compared with Rs 174.51 crore for H1 2025. The financial-results statement presents expenses under changes in inventories, material consumption, purchases of stock-in-trade, employee benefits, finance costs, depreciation and amortisation, and other expenses.

Shivalik Rasayan's total expenses rose by Rs 176.09 crore, exceeding the Rs 171.01 crore increase in revenue from operations over the year-earlier half. However, total revenue, which includes other income, rose by Rs 174.10 crore to Rs 372.08 crore. The reported profit before tax increased to Rs 21.48 crore from Rs 9.62 crore after the expense and other-income lines presented in the statement.

The September 2026 results are unaudited and cover both standalone and consolidated financial statements. This article uses consolidated figures, which reported Rs 368.00 crore of revenue from operations and Rs 17.97 crore of net profit for the half year. The company also enclosed a limited review report from Rahul Chaudhary & Associates, Chartered Accountant, with its November 13, 2026 filing.

How did Shivalik Rasayan's balance sheet change by September 2026?

Shivalik Rasayan reported consolidated total assets of Rs 820.70 crore at September 30, 2026, compared with Rs 818.87 crore at March 31, 2026. Non-current assets rose to Rs 443.84 crore from Rs 436.79 crore, while current assets decreased to Rs 376.86 crore from Rs 382.08 crore over the six-month period.

Shivalik Rasayan's consolidated total equity was Rs 621.19 crore at September 30, 2026, compared with Rs 599.10 crore at March 31, 2026. Equity share capital was Rs 8.02 crore at September 30, compared with Rs 7.88 crore at the March year-end. Other equity was Rs 613.17 crore, against Rs 591.23 crore six months earlier.

Shivalik Rasayan reported property, plant and equipment of Rs 332.22 crore at September 30, 2026, compared with Rs 334.00 crore at March 31, 2026. Inventories declined to Rs 141.06 crore from Rs 146.87 crore, while trade receivables declined to Rs 99.19 crore from Rs 115.14 crore. Cash and cash equivalents increased to Rs 54.25 crore from Rs 34.37 crore.

When did Shivalik Rasayan approve the H1 2026 results?

Shivalik Rasayan's Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026 on November 13, 2026. The Board meeting began at 4:30 p.m. and concluded at 6:00 p.m., according to the exchange filing dated November 13, 2026.

Shivalik Rasayan stated that the September 30, 2026 results would also be available on its website. The filing was made to BSE Limited, where the company is identified by scrip code 539148, and to the National Stock Exchange of India Limited under the symbol SHIVALIK. It contains no revenue guidance, earnings target or operating plan for the remainder of the financial year.

Conclusion

Shivalik Rasayan's H1 2026 consolidated result showed substantially higher revenue and profit than in the corresponding 2025 half year. Revenue from operations increased to Rs 368.00 crore from Rs 196.99 crore, while net profit rose to Rs 17.97 crore from Rs 7.13 crore. The balance sheet also showed total equity of Rs 621.19 crore at September 30, 2026, up from Rs 599.10 crore at March 31, 2026.

What to watch next cannot be specified from this filing because Shivalik Rasayan disclosed no management guidance, target, operating plan or scheduled future event. The next available comparison will depend on a subsequent company disclosure, particularly whether revenue, expenses, inventory and receivables change from the September 30, 2026 reported levels.