Integrated Filing — IndAS



General information about company

Scrip Code 506852
NSE Symbol PRIMO
MSEI Symbol NOTLISTED
ISIN INE607A01022
Name of company PRIMO CHEMICALS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 02-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 26-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
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 Single segment
Description of single segment CHEMICAL
Start date and time of board meeting 02-11-2026   12:30:00
End date and time of board meeting 02-11-2026   15:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 13,484.47 27,512.20
Other income 504.17 1,027.83
Total income 13,988.64 28,540.03
2 Expenses
(a) Cost of materials consumed 9,472.12 17,767.72
(b) Purchases of stock-in-trade 294.35 294.69
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (244.98) (44.20)
(d) Employee benefit expense 1,167.07 2,343.09
(e) Finance costs 395.79 765.00
(f) Depreciation, depletion and amortisation expense 1,347.41 2,696.11
(f) Other Expenses
1 Other Expenses 2,166.52 4,441.30
Total other expenses 2,166.52 4,441.30
Total expenses 14,598.28 28,263.71
3 Total profit before exceptional items and tax (609.64) 276.32
4 Exceptional items 0.00 0.00
5 Total profit before tax (609.64) 276.32
6 Tax expense
7 Current tax (150.25) 59.89
8 Deferred tax (423.65) (111.73)
9 Total tax expenses (573.90) (51.84)
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 (35.74) 328.16
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 (5.71) 98.77
16 Total profit (loss) for period (41.45) 426.93
17 Other comprehensive income net of taxes (851.51) (885.78)
18 Total Comprehensive Income for the period (892.96) (458.85)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 4,846.86 4,846.86
Face value of equity share capital 2 2
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 0.01 0.18
Diluted earnings (loss) per share from continuing operations 0.01 0.18
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 0.01 0.18
Diluted earnings (loss) per share from continuing and discontinued operations 0.01 0.18
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The above consolidated unaudited financial results of the Company have been prepared in accordance with the Indian Accounting Standards (IND AS) prescribed under section 133 of the Companies Act, 2013 (the Act) read with relevant rules issued thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India. 2 In pursuance of 2nd Supplementary Share Purchase Agreement executed on 16th September, 2026, the Company has acquired the remaining 51% equity share capital of Flow Tech Chemicals Private Limited on said date, thereby increasing its shareholding from 49% to 100%. Accordingly, Flow Tech Chemicals Private Limited became a wholly owned subsidiary of the Company with effect from 16th September, 2026. The unaudited financial results for the quarter and half year ended 30th September, 2026 comprise the standalone financial results of the Company and the consolidated financial results of the Company and its subsidiary, prepared in accordance with the applicable Indian Accounting Standards (Ind AS). 3 In pursuance of the 100% acquisition of M/s Flow Tech Chemicals Private Limited, the consolidation of accounts has been made by considering the purchase consideration and acquisition method of accounting in terms of Ind AS 103. The excess of the purchase consideration over the net assets value as on the date of acquisition, i.e., 16th September 2026 has been recognised as goodwill on consolidation. This goodwill represents the synergies, market reach, product range enlargement and future growth potential expected from the said acquisition. Consequent upon acquisition of control over Flow Tech Chemicals Private Limited (FTCPL) on 16th September, 2026, the consolidated financial results for the quarter ended 30th September, 2026 include the financial results of FTCPL only for the post-acquisition period from 16th September, 2026 to 30th September, 2026 (15 days). The contribution of FTCPL during this period includes Revenue from Operations of Rs.1,267.17 lakh and Cost of Raw Materials Consumed (Others) of Rs.946.20 lakh, as included in the consolidated figures of Rs.13,484.47 lakh and Rs.2,051.99 lakh, respectively. Further, a remeasurement loss of Rs.868.59 lakh arising in connection with the acquisition has been recognised in Other Comprehensive Income (OCI) and reflected in the relevant component of other equity, in accordance with the applicable requirements of Ind AS. 4 The Company operates in a single business segment viz., Chemicals. 5 The figures of the previous period have been regrouped/ reclassified, wherever necessary. 6 The above results have been reviewed by the Audit Committee and thereafter approved by the Board in its meeting held on 02nd November, 2026.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 48,679.51
Capital work-in-progress 1,196.10
Investment property 0.00
Goodwill 7,053.71
Other intangible assets 2.72
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 1,355.96
Total of other non-current financial assets 1,355.96
Total non-current financial assets 1,355.96
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 3,564.94
Total of other non-current assets 3,564.94
Total non-current assets 61,852.94
2 Current assets
Inventories 5,428.47
Current financial asset
Current investments 0.00
Trade receivables, current 13,419.30
Cash and cash equivalents 34.24
Bank balance other than cash and cash equivalents 330.12
Loans, current 0.00
Other current financial assets
Total of other current financial assets 944.59
Total current financial assets 14,728.25
Current tax assets (net) 0.00
Other current assets
1 Other current assets 4,384.43
Total of other current assets 4,384.43
Total current assets 24,541.15
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 86,394.09
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 4,846.86
Other equity 35,310.65
Total equity attributable to owners of parent 40,157.51
Non controlling interest 0.00
Total equity 40,157.51
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 6,827.32
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Other non-current financial liabilities 4,235.47
Total of other non-current financial liabilities 4,235.47
Total non-current financial liabilities 11,062.79
Provisions, non-current 653.90
Deferred tax liabilities (net) 3,048.82
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 14,765.51
Current liabilities
Current financial liabilities
Borrowings, current 15,041.02
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 866.10
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4,807.88
Total Trade payable 5,673.98
Other current financial liabilities
1 Other current financial liabilities 424.00
Total of other current financial liabilities 424.00
Total current financial liabilities 21,139.00
Other current liabilities 9,884.13
1 Other current liabilities 9,884.13
Total of other current liabilities 9,884.13
Provisions, current 98.27
Current tax liabilities (Net) 349.67
Deferred government grants, Current 0.00
Total current liabilities 31,471.07
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 46,236.58
Total equity and liabilites 86,394.09
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 842.34 895.02
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 9.17 (9.24)
5 Total Other comprehensive income (851.51) (885.78)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 276.32
Adjustments for reconcile profit (loss)
Adjustments for finance costs 350.51
Adjustments for decrease (increase) in inventories (704.00)
Adjustments for decrease (increase) in trade receivables, current 901.43
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (428.62)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (916.27)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (277.73)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,973.31
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 2,696.11
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 16.10
Adjustments for provisions, non-current (26.43)
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (10.67)
Adjustments for dividend income 0.00
Adjustments for interest income 74.51
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (4.22)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (2.34)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 3,492.67
Net cash flows from (used in) operations 3,768.99
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 220.50
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 3,548.49
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 4.72
Purchase of property, plant and equipment 3,231.04
Proceeds from sales of investment property (1,271.87)
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 733.39
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 74.10
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (3,690.70)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,855.24
Repayments of borrowings 1,422.19
Payments of lease liabilities 16.56
Dividends paid 0.00
Interest paid 355.81
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 60.68
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (81.53)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (81.53)
Cash and cash equivalents cash flow statement at beginning of period 115.77
Cash and cash equivalents cash flow statement at end of period 34.24