Universal Starch-Chem Allied FY26 profit jumps 309%

What the latest results show

Universal Starch-Chem Allied Ltd has reported a sharp jump in profitability in its audited standalone results for the year ended March 31, 2026. Net profit for FY26 rose to ₹13.12 crore, compared with ₹3.21 crore in FY25, an increase of about 308% to 309% as reported in the company’s financial highlights. Revenue from operations for FY26 stood at ₹488.60 crore, marginally lower than ₹490.89 crore in FY25, indicating that the earnings improvement was driven primarily by better margins rather than topline growth. The company stated that it released its audited results with an unmodified audit opinion, meaning the auditor did not include material qualifications.

Q4FY26: profit up 228% with revenue growth

For the quarter ended March 31, 2026 (Q4FY26), the company reported sales of ₹152.36 crore, up from ₹138.14 crore in Q4FY25. Net profit for the quarter rose to ₹9.63 crore, compared with ₹2.94 crore in the corresponding quarter last year, a rise of about 227.55% to 228% as shown in the reported numbers. On a sequential basis, the company’s quarterly growth note also mentioned an 83.78% jump in net profits versus the previous three-month period.

In the detailed quarterly disclosure, revenue from operations for Q4FY26 was reported at ₹152.36 crore (₹15,235.63 lakh), up from ₹138.14 crore (₹13,813.54 lakh) in Q4FY25. Total expenses for the quarter increased to ₹139.44 crore (₹13,944.10 lakh), compared with ₹134.79 crore (₹13,478.61 lakh) a year earlier. Earnings per share (EPS) for the quarter were reported at ₹22.93, up from ₹7.01 in the same quarter of the previous year.

Full-year FY26: revenue flat, earnings expand

On an annual basis, Universal Starch-Chem Allied reported sales of ₹488.60 crore (INR 4,886.03 million) for FY26 versus ₹490.89 crore (INR 4,908.91 million) in FY25. Another revenue line in the results summary showed revenue of ₹490.09 crore (INR 4,900.92 million) for FY26 compared with ₹492.39 crore (INR 4,923.87 million) a year ago. Net income was reported at ₹13.12 crore (INR 131.24 million) versus ₹3.21 crore (INR 32.12 million) in FY25.

The company’s FY26 EPS was reported at ₹31.25, up from ₹7.65 in FY25. The disclosure also mentioned total comprehensive income for the period as a loss of ₹0.01 crore (₹1.01 lakh) in FY26, compared to a gain of ₹0.02 crore (₹1.57 lakh) in FY25.

Operating metrics: margins and profit lines improved

A summary table in the provided data shows operating and profit metrics strengthening in Q4FY26 and across FY26. Operating profit margin (OPM) for the March 2026 quarter was 10.74%, versus 5.57% in March 2025. For the full year, OPM was 6.60% in FY26 compared with 3.74% in FY25.

Profit before depreciation and tax (PBDT) for Q4FY26 was ₹15.24 crore versus ₹5.61 crore in Q4FY25, while profit before tax (PBT) was ₹13.43 crore versus ₹3.91 crore. For FY26, PBDT was ₹25.60 crore versus ₹10.55 crore in FY25, and PBT was ₹18.21 crore versus ₹4.27 crore.

Quarterly sales trend over the last reported periods

The quarterly profit and loss snapshot provided a sequence of sales values (₹ crore) from Sep 2023 through Mar 2026. It shows a dip in Sep 2024 followed by a recovery into Mar 2026. Reported quarterly sales (₹ crore) include: Sep 2023: 119.88, Dec 2023: 126.25, Mar 2024: 145.05, Jun 2024: 133.27, Sep 2024: 90.93, Dec 2024: 128.56, Mar 2025: 138.14, Jun 2025: 121.44, Sep 2025: 97.14, Dec 2025: 117.67, and Mar 2026: 152.36.

A separate growth table shows revenue growth year-on-year for Mar 2026 at 10.3%, with earlier quarters showing volatility including -24.1% in Sep 2024 and -8.5% in Dec 2025.

Profitability backdrop: gross profit over recent years

The annual gross profit line available in the dataset provides values (₹ crore) for FY22 through FY26. Gross profit was ₹950.60 crore in FY22, ₹902.50 crore in FY23, ₹927.64 crore in FY24, ₹861.83 crore in FY25, and ₹1,127.18 crore in FY26. Earlier years (FY17 to FY21) were shown as placeholders and were not provided as numbers.

Valuation snapshot and stock details cited

The provided snapshot states the company had a TTM P/E ratio of 3.62, compared with a sector P/E of 27.38. It also noted the stock was trading at ₹209.55 on Wed Jun 24, 2026 at 10:10:23 (as cited in the data). The same section listed peers and their percentage moves: Kaveri Seed Company (-0.71%), Andrew Yule & Company Ltd (5.98%), and Harrisons Malayalam (-1.16%).

Key numbers at a glance

Why the update matters for investors

The standout feature of the FY26 results is the divergence between revenue and profit. Revenue remained broadly flat year-on-year, but margins and profit lines improved materially, which is reflected in the higher OPM and the jump in PBDT, PBT, and net profit. The unmodified audit opinion also matters because it confirms that the audited standalone financial statements were issued without material qualifications.

The company profile in the provided text notes it primarily makes maize products and also operates in wind power and biogas. For market participants tracking smaller industrial and agro-linked names, the combination of a sharp quarterly profit increase and higher annual EPS provides a clearer view of how profitability changed in FY26.

Conclusion

Universal Starch-Chem Allied’s audited FY26 numbers show net profit rising to ₹13.12 crore on revenue of ₹488.60 crore, while Q4FY26 net profit reached ₹9.63 crore on sales of ₹152.36 crore. The reported improvement in operating margin, alongside higher PBDT and PBT, indicates that earnings growth was margin-led. The next set of quarterly filings will help investors assess whether the stronger Q4 performance sustains beyond March 2026.