| Scrip Code | 532457 |
|---|---|
| NSE Symbol | GULPOLY |
| MSEI Symbol | NOTLISTED |
| ISIN | INE255D01024 |
| Name of company | GULSHAN POLYOLS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 10-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 05-02-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 10-02-2026 15:30:00 |
| End date and time of board meeting | 10-02-2026 16:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| The Company has not made any default on Loan and Debt Securities. | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 62,665.18 | 1,76,160.34 | |
| Other income | 44.24 | 265.96 | |
| Total income | 62,709.42 | 1,76,426.30 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 41,006.82 | 1,14,678.94 |
| (b) | Purchases of stock-in-trade | 216.65 | 749.38 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (828.39) | 3,762.28 |
| (d) | Employee benefit expense | 1,147.96 | 3,360.12 |
| (e) | Finance costs | 1,612.03 | 3,235.79 |
| (f) | Depreciation, depletion and amortisation expense | 1,188.95 | 3,384.39 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 12,608.64 | 37,250.19 |
| Total other expenses | 12,608.64 | 37,250.19 | |
| Total expenses | 56,952.66 | 1,66,421.09 | |
| 3 | Total profit before exceptional items and tax | 5,756.76 | 10,005.21 |
| 4 | Exceptional items | 0.00 | (23.48) |
| 5 | Total profit before tax | 5,756.76 | 9,981.73 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,191.64 | 1,191.64 |
| 8 | Deferred tax | 474.68 | 1,829.42 |
| 9 | Total tax expenses | 1,666.32 | 3,021.06 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 4,090.44 | 6,960.67 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 4,090.44 | 6,960.67 |
| 17 | Other comprehensive income net of taxes | (6.33) | 11.60 |
| 18 | Total Comprehensive Income for the period | 4,084.11 | 6,972.27 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 623.71 | 623.71 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 6.56 | 11.16 | |
| Diluted earnings (loss) per share from continuing operations | 6.56 | 11.16 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 6.56 | 11.16 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 6.56 | 11.16 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1.The above Unaudited Financial Results for the quarter and nine months ended December 31, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meetings held on February 10, 2026. These results have been subjected to Limited review by the Statutory Auditors as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and they have expressed an unmodified opinion on the aforesaid results. 2.The above Unaudited Financial Results has been prepared in accordance with Indian Accounting Standards (IND AS) prescribed under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other recognized accounting practices and policies to the extent applicable. 3.Pursuant to the dissolution of foreign subsidiary, Gulshan Overseas – FZCO, Dubai, UAE, the Company ceased to have control over the subsidiary and, accordingly, consolidation has been discontinued. Consequently, the Company has not prepared consolidated financial statements for the quarter and nine months ended 31 December 2025. 4.The Company has changed its accounting treatment for recognizing the Government Grant in form of “Interest Subvention scheme (ISS) on Term Loans for setting up of its Ethanol plants” to make it uniform and comparative with accounting treatment of other eligible Grants.Consequently, subsidy of Rs. 536.90 Lakh for the period 01 April, 2025 to 30 September, 2025 has been reversed resulting into decline in profit by the said amount for the quarter and nine months ended 31 December, 2025. 5.On 21 November 2025, the Government of India notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the “Labour Codes”), consolidate twenty-nine existing labour laws into a unified framework.Based on the management's assessment, the Company has estimated the financial implications including materiality thereof and has made additional provision of Rs 25 Lakh towards gratuity liability. It has been disclosed under Employee Benefit Expenses in the financial results for the quarter and nine months ended 31 December, 2025. 6.Figures for the previous period have been regrouped/rearranged wherever necessary to make them comparable with current figure. 7.The above Unaudited Financial Results of Gulshan Polyols Limited for the above mentioned period are available on our website, www.gulshanindia.com and on the Stock Exchange Website i.e. www.nseindia.com and www.bseindia.com. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Ethanol(Bio-Fuel)/Distillery | 45,666.29 | 1,24,632.89 | ||||
| 2 | Grain Processing | 14,671.03 | 44,738.56 | ||||
| 3 | Mineral Processing | 2,327.86 | 6,788.89 | ||||
| 4 | Unallocated | 0.00 | 0.00 | ||||
| Total Segment Revenue | 62,665.18 | 1,76,160.34 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 62,665.18 | 1,76,160.34 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Ethanol(Bio-Fuel)/Distillery | 7,128.66 | 12,479.27 | ||||
| 2 | Grain Processing | (189.16) | (688.67) | ||||
| 3 | Mineral Processing | 442.52 | 1,315.40 | ||||
| 4 | Unallocated | (13.23) | 135.00 | ||||
| Total Profit before tax | 7,368.79 | 13,241.00 | |||||
| i. Finance cost | 1,612.03 | 3,235.79 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0.00 | 23.48 | |||||
| Profit before tax | 5,756.76 | 9,981.73 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Ethanol(Bio-Fuel)/Distillery | 85,726.31 | 85,726.31 | ||||
| 2 | Grain Processing | 38,296.42 | 38,296.42 | ||||
| 3 | Mineral Processing | 7,084.45 | 7,084.45 | ||||
| 4 | Unallocated | 4,162.00 | 4,162.00 | ||||
| Total Segment Asset | 1,35,269.18 | 1,35,269.18 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 1,35,269.18 | 1,35,269.18 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Ethanol(Bio-Fuel)/Distillery | 40,725.31 | 40,725.31 | ||||
| 2 | Grain Processing | 18,476.33 | 18,476.33 | ||||
| 3 | Mineral Processing | 1,391.39 | 1,391.39 | ||||
| 4 | Unallocated | 6,554.14 | 6,554.14 | ||||
| Total Segment Liabilities | 67,147.17 | 67,147.17 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 67,147.17 | 67,147.17 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Gain/(Loss) on equity instruments | (6.28) | 16.85 |
| 2 | Gain/(Loss) of defined benefit obligation | (1.27) | (3.80) |
| Total Amount of items that will not be reclassified to profit and loss | (7.55) | 13.05 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (1.22) | 1.45 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (6.33) | 11.60 |