S H Kelkar and Company reported a consolidated net profit of Rs 14.56 crore for Q2 FY27, a 58.7% jump compared to Q2 FY26. While revenue grew 14.9% year-on-year to Rs 636.19 crore, both top and bottom lines saw sequential declines from Q1 FY27. The company also announced major board re-appointments and completed the divestment of Keva Ventures and Amikeva, now classified as discontinued operations.
S H Kelkar Reports 58.7% YoY Profit Growth in Q2 FY27
Consolidated Net Profit: Rs 14.56 crore | Consolidated Revenue: Rs 636.19 crore
Reader Takeaway: Strong year-over-year revenue and profit gains contrast with sequential dips; ongoing divestments reshape the operational portfolio.
What just happened
S H Kelkar and Company Limited released its financial results for the quarter ended September 30, 2026. The company posted a consolidated net profit of Rs 14.56 crore, representing a 58.7% increase compared to the Rs 9.17 crore profit reported in the same quarter last year. Consolidated revenue from operations reached Rs 636.19 crore, up 14.9% from Rs 553.72 crore in Q2 FY26.
Why this matters
The results signal a recovery in year-over-year performance, though investors should note a decline compared to the previous quarter (Q1 FY27), where the company reported revenue of Rs 662.42 crore and a net profit of Rs 45.43 crore. The management also completed the divestment of Keva Ventures Private Limited and Amikeva Private Limited, effective September 1, 2026, which are now categorized as discontinued operations.
Board and Governance Update
The Board of Directors has approved the re-appointment of three Independent Directors for second terms: Mr. Deepak Raj Bindra, Mr. Vasant Gujarathi, and Ms. Neela Bhattacherjee. Additionally, Ms. Sumedha Karmarkar has been appointed as an Additional Director (Non-Executive Non-Independent) effective November 3, 2026.
Risks to watch
Operational challenges persist following the fire at the Vashivali plant. While the company recorded insurance receipts of Rs 29.95 crore in the June 2026 quarter for property and equipment damages, the final settlement remains pending. Market participants should monitor the impact of the divestments on future operational efficiency and cash flows.
What to track next
Watch for updates on the final insurance settlement regarding the Vashivali plant and further clarity on how the divestment of the Keva Ventures group influences the company’s focus on its core fragrance and flavor business segments.