Parag Milk Foods Limited — Quarter and year ended 31st March, 2026
Ideas for a new day
| Compliance Department, | Compliance Department, |
|---|---|
| BSE Limited | National Stock Exchange of India Ltd. |
| Phiroze Jeejeebhoy Tower, | Exchange Plaza, |
| Dalal Street, Fort, | Plot No. C/1, G-Block, |
| Mumbai – 400 001 | Bandra Kurla Complex (BKC), |
| Bandra (E), Mumbai – 400 051 | |
| Scrip Code:- 539889 | NSE Symbol :- PARAGMILK |
| Particulars | Quarter ended | Year ended | ||
|---|---|---|---|---|
| 31-Mar-26 | 31-Dec-25 | 31-Mar-26 | 31-Mar-25 | |
| Audited | Unaudited | Audited | Audited | |
| (Refer Note 5) | ||||
| 1. Revenue from operations | 946.17 | 984.19 | 3,742.03 | 3,367.40 |
| 2. Other income | 7.73 | 3.84 | 35.43 | 26.60 |
| 3. Total Income | 953.90 | 988.03 | 3,777.46 | 3,394.00 |
| 4. Expenses | ||||
| (a) Cost of materials consumed | 736.22 | 704.79 | 2,931.28 | 2,422.45 |
| (b) Changes in inventories of finished goods, stock-in-trade and work-in-progress | (30.64) | 33.81 | (138.10) | 56.48 |
| (c) Employee benefits expense | 48.79 | 45.27 | 164.99 | 133.13 |
| (d) Finance costs | 18.31 | 18.64 | 72.28 | 85.07 |
| (e) Depreciation and amortisation expense | 14.67 | 15.79 | 60.40 | 59.68 |
| (f) Other expenses | 133.41 | 129.80 | 522.43 | 502.35 |
| Total Expenses | 920.76 | 948.10 | 3,613.28 | 3,259.16 |
| 5. Profit before exceptional item and tax (3-4) | 33.14 | 39.93 | 164.18 | 134.84 |
| 6. Exceptional item (Refer Note 7) | – | 5.39 | 5.39 | – |
| 7. Profit before tax (5-6) | 33.14 | 34.54 | 158.79 | 134.84 |
| 8. Tax expense | ||||
| (i) Current tax | – | – | 0.45 | – |
| (ii) MAT (Credit) / Utilised | – | – | – | – |
| (iii) Deferred tax | 4.85 | (0.01) | 7.46 | 11.30 |
| 9. Profit for the period/year after tax (7-8) | 28.28 | 34.55 | 150.88 | 123.54 |
| 10. Other Comprehensive Income | ||||
| Items that will not be reclassified to profit or loss | ||||
| (i) Re-measurements of the defined benefit plans | (1.44) | 0.61 | 0.40 | 2.45 |
| (ii) Income tax on above | 0.36 | (0.15) | (0.10) | (0.62) |
| Other comprehensive income for the period/year, net of tax | (1.08) | 0.46 | 0.30 | 1.83 |
| 11. Total Comprehensive Income for the period/year Comprising Profit and Other Comprehensive Income for the period/year (9-10) | 29.36 | 34.09 | 150.58 | 121.71 |
| Paid-up equity share capital (Face Value of ₹ 10 each) | 125.01 | 125.00 | 125.01 | 119.20 |
| Other Equity | 1,165.77 | 920.60 | ||
| 12. Earnings Per Equity Share (of ₹ 10 each) (not annualised) | ||||
| (a) Basic (in ₹) | 2.26 | 2.77 | 12.36 | 10.36 |
| (b) Diluted (in ₹) | 2.21 | 2.68 | 11.80 | 9.89 |
| Sr. No. | Particulars | As at 31-Mar-2026 Audited | As at 31-Mar-2025 Audited |
|---|---|---|---|
| A | ASSETS | ||
| 1 | Non Current Assets | ||
| (a) Property, plant and equipment | 328.16 | 314.04 | |
| (b) Capital work-in-progress | 26.45 | 12.24 | |
| (c) Other intangible assets | 6.28 | 1.24 | |
| (d) Right-of-Use assets | 56.28 | 24.24 | |
| (e) Financial assets | |||
| (i) Investments | 108.85 | 108.85 | |
| (ii) Loans | 30.00 | 20.00 | |
| (iii) Other financial assets | 48.79 | 40.91 | |
| (f) Other non-current assets | 210.71 | 192.68 | |
| Total Non-Current Assets | 815.52 | 714.20 | |
| 2 | Current Assets | ||
| (a) Inventories | 713.09 | 563.34 | |
| (b) Financial assets | |||
| (i) Trade receivables | 230.78 | 249.40 | |
| (ii) Cash and cash equivalents | 2.40 | 11.64 | |
| (iii) Bank balances other than (ii) above | 14.99 | 13.16 | |
| (c) Current tax assets (net) | 53.75 | 37.08 | |
| (d) Other current assets | 356.30 | 336.27 | |
| Total Current Assets | 1,371.31 | 1,210.89 | |
| Total Assets | 2,186.83 | 1,925.09 | |
| B | EQUITY AND LIABILITIES | ||
| 1 | Equity | ||
| (a) Equity share capital | 125.01 | 119.20 | |
| (b) Other equity | 1,165.77 | 920.60 | |
| Total Equity | 1,290.78 | 1,039.80 | |
| Liabilities | |||
| 2 | Non-Current Liabilities | ||
| (a) Financial liabilities | |||
| (i) Borrowings | 111.09 | 197.04 | |
| (ii) Lease liabilities | 39.34 | 17.02 | |
| (b) Provisions | 7.43 | 4.26 | |
| (c) Deferred tax liabilities (net) | 10.26 | 2.90 | |
| Total Non-Current Liabilities | 168.12 | 221.22 | |
| 3 | Current Liabilities | ||
| (a) Financial liabilities | |||
| (i) Borrowings | 374.29 | 357.71 | |
| (ii) Lease liabilities | 13.63 | 7.01 | |
| (iii) Trade payables | |||
| (a) Total outstanding due of micro and small enterprises | 40.67 | 11.16 | |
| (b) Total outstanding due of creditors other than micro and small enterprises | 195.31 | 211.95 | |
| (iii) Other financial liabilities | 55.22 | 49.68 | |
| (b) Other current liabilities | 48.81 | 26.56 | |
| Total Current Liabilities | 727.93 | 664.07 | |
| Total Liabilities | 896.05 | 885.29 | |
| Total Equity and Liabilities | 2,186.83 | 1,925.09 |
| Particulars | Year ended 31-Mar-2026 Audited | Year ended 31-Mar-2025 Audited |
|---|---|---|
| A. Cash Flows from Operating Activities | ||
| Profit before tax | 158.79 | 134.84 |
| Depreciation and amortisation expense (includes on Right-of-Use assets) | 60.40 | 59.68 |
| Reversal for advances | (7.16) | (8.87) |
| Reversal for expected credit loss | (2.00) | (12.63) |
| Bad debts written-off | 6.52 | 35.01 |
| Reversal for expected credit loss | (6.52) | (35.01) |
| Share-based payment expenses | 5.24 | 0.34 |
| Finance costs | 72.28 | 85.07 |
| Sundry balances written off | 0.40 | |
| Exchange fluctuation (gain)/loss (net) | (15.06) | 2.49 |
| (Gain)/loss on sale of property, plant and equipment (net) | (3.41) | 0.04 |
| Gain on termination of lease | (0.21) | (0.26) |
| Interest income | (5.32) | (3.21) |
| Operating profit before working capital changes | 263.95 | 257.49 |
| Adjustments for : | ||
| (Increase)/ decrease in inventories | (149.75) | 34.92 |
| (Increase) in trade receivables and other receivables | (9.86) | (84.88) |
| Increase / (decrease) in trade payables and other payables | 42.43 | (7.58) |
| Increase / (decrease) in provisions | 2.77 | (0.77) |
| Cash generated from operations | 149.54 | 199.18 |
| Direct taxes paid (net of refunds) | (17.12) | (11.94) |
| Net cash flows generated from operating activities | 132.42 | 187.24 |
| B. Cash Flows from Investing Activities | ||
| Investment in ROU assets | (5.26) | (2.55) |
| Purchase of property, plant and equipment | (89.78) | (98.90) |
| Purchase of Intangible assets | (3.10) | (0.83) |
| Sale of property, plant and equipment | 16.87 | 0.04 |
| Loan given to subsidiary | (10.00) | (20.00) |
| Investment in fixed deposits | (10.38) | (9.70) |
| Interest received | 3.25 | 2.10 |
| Net cash flows used in investing activities | (98.40) | (129.84) |
| C. Cash Flows from Financing Activities | ||
| Proceeds from issue of shares | 77.48 | – |
| Proceed from issue of warrants | 40.30 | – |
| Proceeds from long-term borrowings | 34.30 | 45.31 |
| Repayment of long-term borrowings | (110.52) | (25.77) |
| Proceeds from short-term borrowings (net) | 10.74 | 23.56 |
| Repayment of lease liabilities | (11.65) | (9.08) |
| Payment of interest on lease liabilities | (4.86) | (4.12) |
| Interest paid | (67.11) | (79.73) |
| Payment of dividend | (11.94) | (5.97) |
| Net cash flows used in financing activities | (43.26) | (55.80) |
| Net (decrease) / increase in cash and cash equivalents (A+B+C) | (9.24) | 1.60 |
| Cash and cash equivalents at the beginning of the year | 11.64 | 10.04 |
| Cash and cash equivalents at the end of the year | 2.40 | 11.64 |
| Particulars | Quarter ended | Year ended | ||
|---|---|---|---|---|
| 31-Mar-26 Audited (Refer Note 5) | 31-Dec-25 Unaudited | 31-Mar-26 Audited | 31-Mar-25 Audited | |
| 1. Revenue from operations | 945.34 | 1,012.69 | 3,817.50 | 3,432.21 |
| 2. Other income | 18.86 | 8.93 | 53.46 | 40.25 |
| 3. Total Income | 964.20 | 1,021.62 | 3,870.96 | 3,472.46 |
| 4. Expenses | ||||
| (a) Cost of materials consumed | 711.04 | 716.58 | 2,936.32 | 2,431.51 |
| (b) Changes in inventories of finished goods, stock-in-trade and work-in-progress | (30.24) | 34.04 | (138.67) | 57.27 |
| (c) Employee benefits expense | 53.58 | 49.42 | 184.27 | 149.95 |
| (d) Finance costs | 20.54 | 20.80 | 81.39 | 93.12 |
| (e) Depreciation and amortisation expense | 17.53 | 18.14 | 70.74 | 67.22 |
| (f) Other expenses | 151.61 | 144.35 | 578.80 | 540.80 |
| Total Expenses | 924.06 | 983.33 | 3,712.85 | 3,339.87 |
| 5. Profit before exceptional item and tax (3-4) | 40.14 | 38.29 | 158.11 | 132.59 |
| 6. Exceptional item (Refer Note 7) | – | 5.72 | 5.72 | – |
| 7. Profit before tax (5-6) | 40.14 | 32.57 | 152.39 | 132.59 |
| 8. Tax expense | ||||
| (i) Current tax | – | – | 0.45 | – |
| (ii) MAT (Credit) / Utilised | – | – | – | (1.19) |
| (iii) Deferred tax | 7.90 | 3.00 | 16.89 | 14.99 |
| 9. Profit for the period/year after tax (7-8) | 32.24 | 29.57 | 135.05 | 118.79 |
| 10. Other Comprehensive Income | ||||
| Items that will not be reclassified to profit or loss | ||||
| (i) Re-measurements of the defined benefit plans | (1.46) | (0.65) | 0.38 | 2.51 |
| (ii) Income tax on above | 0.37 | 0.15 | (0.09) | (0.64) |
| Other comprehensive income for the period/year, net of tax | (1.09) | (0.50) | 0.29 | 1.87 |
| 11. Total Comprehensive Income for the period/year Comprising Profit and Other Comprehensive Income for the period/year (9-10) | 33.33 | 30.07 | 134.76 | 116.92 |
| As of | 31-Mar-26 | 31-Dec-25 | 31-Mar-25 |
|---|---|---|---|
| Paid-up equity share capital | 125.01 | 125.00 | 119.20 |
| Other Equity | |||
|---|---|---|---|
| 1,133.55 | 904.21 |
| Particulars | 31-Mar-26 | 31-Dec-25 | 31-Mar-25 |
|---|---|---|---|
| (a) Basic (in ₹) | 2.58 | 2.37 | 2.20 |
| (b) Diluted (in ₹) | 2.52 | 2.29 | 2.10 |