News ArticleIndo Borax & Chemicals Limited Reports Rs. 13,624.64 Lakh Income and Acquisition of Kronox Lab Sciences in H1 FY2026
Company acquires 64.26% stake in Kronox for Rs. 25,276.14 lakh and posts net profit after tax of Rs. 2,772.25 lakh for half year ended September 30, 2026
Indo Borax & Chemicals Limited announced un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, including acquisition of a 64.26% stake in Kronox Lab Sciences Limited for Rs. 25,276.14 lakh. The company reported total income of Rs. 13,624.64 lakh for the half year ended September 30, 2026, and net profit after tax of Rs. 2,772.25 lakh during the period.
Indo Borax & Chemicals Limited
Financial Results
Indo Borax & Chemicals Limited approved its un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Key highlights include acquisition of a controlling stake in Kronox Lab Sciences Limited and a net profit of Rs. 2,772.25 lakh in the first half of the fiscal year.
The Board of Directors met on November 6, 2026, to approve unaudited financial results for Q2 and H1 FY2026, which include standalone and consolidated statements along with assets, liabilities and cash flow statements.
The company acquired 2,38,44,000 equity shares representing 64.26% of Kronox Lab Sciences Limited on September 29, 2026, for a total consideration of Rs. 25,276.14 lakh (including related acquisition costs of Rs. 664.36 lakh), making Kronox a subsidiary effective immediately.
Total income for the six months ended September 30, 2026 was Rs. 13,624.64 lakh, comprising Rs. 12,929.14 lakh from operations and Rs. 695.50 lakh from other income.
Profit from operations after exceptional items was reported at Rs. 3,652.99 lakh before tax, while net profit after tax was Rs. 2,772.25 lakh for the half year.
Exceptional items included profit on disposal of investment property and other assets, amounting to Rs. 1,011.87 lakh for the quarter and half year ended September 30, 2026.
Highlights
- Acquisition of 64.26% stake in Kronox Lab Sciences Limited for Rs. 25,276.14 lakh completed on September 29, 2026.
- Total income of Rs. 13,624.64 lakh for half year ended September 30, 2026, with Rs. 12,929.14 lakh from operations.
- Profit after tax of Rs. 2,772.25 lakh reported for H1 FY2026.
- Exceptional gain of Rs. 1,011.87 lakh included in results representing disposal of investment property and other assets.
- Financial results prepared under Indian Accounting Standard 34 and reviewed by statutory auditors.
Key Data Snapshot
What happened
- The Board approved un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- Acquisition of controlling stake (64.26%) in Kronox Lab Sciences Limited finalized and accounted from September 29, 2026.
- Financial results include profit on disposal of investment property as exceptional item.
Key details
- Total income was Rs. 6,333.42 lakh for Q2 2026 and Rs. 13,624.64 lakh for H1 2026.
- Profit before tax after exceptional items was Rs. 3,652.99 lakh for H1 2026.
- Exceptional item profit from disposal of assets was Rs. 1,011.87 lakh for H1 2026.
- Statutory auditors conducted limited review and reported no material misstatement.
- Figures from previous year regrouped/rearranged for comparability.
Transaction details
- Share Purchase Agreement executed on August 20, 2026 for acquisition of Kronox Lab Sciences Limited promoter shares.
- Acquisition completed on September 29, 2026 with total consideration of Rs. 25,276.14 lakh including acquisition costs.
- Post-acquisition, Kronox Lab Sciences Limited became subsidiary of Indo Borax effective from September 29, 2026.
Regulatory and governance context
- Financial results prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Companies Act, 2013.
- Results reviewed by Audit Committee and Statutory Auditors under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Results available on company website and stock exchange websites.
Highlights
- Acquisition of 64.26% stake in Kronox Lab Sciences Limited for Rs. 25,276.14 lakh completed on September 29, 2026.
- Total income of Rs. 13,624.64 lakh for half year ended September 30, 2026, with Rs. 12,929.14 lakh from operations.
- Profit after tax of Rs. 2,772.25 lakh reported for H1 FY2026.
- Exceptional gain of Rs. 1,011.87 lakh included in results representing disposal of investment property and other assets.
- Financial results prepared under Indian Accounting Standard 34 and reviewed by statutory auditors.
Disclosures
- Regulation 33 and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 'Interim Financial Reporting'
Promoters of Kronox Lab Sciences Limited transferred stake to Indo Borax under acquisition
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