Shri Venkatesh Refineries FY26 Profit Doubles to Rs 38.20 Crore

Revenue for the fiscal year reached Rs 1,377.57 crore, while Net Profit rose to Rs 38.20 crore.

Reader Takeaway: Strong top and bottom-line growth is tempered by reliance on related-party sales and corporate guarantees for operations.

What just happened

Shri Venkatesh Refineries has posted robust financial results for FY 2025-26, characterized by a near-doubling of its bottom line. The company reported a net profit of Rs 38.20 crore against Rs 18.08 crore in the previous year. Revenue saw a parallel climb, reaching Rs 1,377.57 crore compared to Rs 701.64 crore in FY 2024-25. Alongside these earnings, the board has recommended a final dividend of 10%, or Rs 1 per share, subject to shareholder approval at the AGM.

Why this matters

The company is signaling a strategic shift in its corporate presence by proposing to move its registered office from Erandol, Jalgaon, to Mulund West, Mumbai. Management stated that this transition is intended to improve operational convenience and facilitate better interaction with institutional and public shareholders. Furthermore, the company is seeking explicit shareholder clearance for material related-party transactions for FY 2026-27, involving refined oil sales of up to Rs 130 crore and corporate guarantees totaling Rs 74 crore.

Board and Governance

The board has recommended the re-appointment of three independent directors—Mrs. Anisha Sukumar Sharma, Mrs. Sushmita Swarup Lunkad, and Mr. Yogesh Nandi—for a second five-year term, highlighting a commitment to continuity in governance.

What to track next

Investors should watch the outcome of the AGM scheduled for September 29, 2025. Key focus areas include the successful passage of the office relocation resolution and the approval of the proposed inter-corporate loans and related-party contracts, which remain vital for the company's planned business activity in the coming fiscal year.