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Amal Ltd
| Standalone Financial Results for Quarter & Year Ended March 31, 2026
Report Source
⬤22nd Apr 26
Summary : Amal Ltd reported strong revenue growth but declining profits and cash flow, with new labor codes impacting expenses.
Quarterly Report Analysis & Insights
Financial Disclosures
- Standalone Total expenses: ₹7,921.28 lakh (FY26).
- Consolidated Total expenses: ₹21,393.13 lakh (FY26).
- Standalone Revenue from operations: ₹8,490.92 lakh (FY26).
- Consolidated Revenue from operations: ₹23,963.74 lakh (FY26).
- Standalone Net cash generated from operating activities: ₹15.83 lakh (FY26).
- Standalone Net cash used in investing activities: ₹(13.89) lakh (FY26).
- Standalone Net cash used in financing activities: ₹(129.55) lakh (FY26).
- Consolidated Net cash generated from operating activities: ₹2,169.56 lakh (FY26).
- Consolidated Net cash used in investing activities: ₹(2,176.69) lakh (FY26).
- Consolidated Net cash used in financing activities: ₹(132.05) lakh (FY26).
- Standalone Total Assets: ₹11,697.14 lakh (March 31, 2026).
- Standalone Total Equity: ₹9,952.40 lakh (March 31, 2026).
- Consolidated Total Assets: ₹15,417.51 lakh (March 31, 2026).
- Consolidated Total Equity: ₹12,037.56 lakh (March 31, 2026).
- Both standalone and consolidated financial results presented.
- Consolidated includes Amal Limited and Amal Speciality Chemicals Limited.
Corporate Overview
- Impact of new Labour Codes on employee benefits.
- Annual planned shutdown for maintenance activity.
- Manufacturing of bulk chemicals.
- Factual and compliant, focused on regulatory disclosures.
- Single segment: bulk chemicals.
Risk Factors
- Profit and cash flow from operations declined.
- New labor codes increased employee benefits.
- Maintenance shutdown impacted quarterly results.
- Increased financing cash outflow.
Key Drivers
- Strong revenue growth across segments.
- Board recommended 15% final dividend.
- Unmodified audit opinion received.
- Key directors reappointed for stability.
Auditor’s Report
- Unmodified audit opinion for standalone and consolidated financial results.
- No modification regarding balancing figures for the quarter.
Board Commentary
- Reappointment of Mr. Rajeev Kumar as Managing Director for five years.
- Reappointment of Mr. Jyotin Mehta as Independent Director for five consecutive years.
- Recommended final dividend of 15% (₹1.50 per share) for FY26, subject to AGM approval.
- Financial impact from new Labour Codes on employee benefits.
- New Labour Codes effective November 21, 2025, impacting employee benefits.
Corporate Governance
- Auditors comply with ICAI Code of Ethics.
- Mr. Jyotin Mehta reappointed as Independent Director.
- Nomination and Remuneration Committee recommended director reappointments.
- Audit Committee reviewed and recommended results.
Management Discussion & Analysis
Risk Control Measures
- Monitoring finalization of new Labour Code rules.
Critical Risks
- Financial impact from new Labour Codes.
- Comparability issues due to maintenance shutdown.