AG Ventures Ltd, formerly Oriental Carbon and Chemicals, has reported a standalone net profit of ₹3.20 crore for FY26, a significant turnaround from a loss last year. The company has also voluntarily delisted from the NSE.
AG Ventures Ltd Reports Profitability Post-Restructuring, Delists from NSE
AG Ventures Ltd reported a standalone net profit of ₹3.20 crore (₹319.75 lakh) for the fiscal year 2025-26, marking a substantial turnaround from a net loss of ₹366.34 crore in the previous fiscal year.
Reader Takeaway: Profitability achieved after business pivot; delisting impacts liquidity.
What just happened
AG Ventures Ltd has reported a standalone net profit of ₹3.20 crore for FY 2025-26, a significant improvement from a loss of ₹366.34 crore in FY 2024-25. The company's total revenue also increased to ₹28.68 crore from ₹24.13 crore in the same period. This follows a demerger of its chemical business and a name change from Oriental Carbon and Chemicals Limited to AG Ventures Limited.
Why this matters
The shift to a trading and investment-focused business model has resulted in profitability, which is crucial for the company's future sustainability. The voluntary delisting from the NSE also marks a significant corporate action, altering the investment landscape for shareholders.
The backstory
The company underwent a major restructuring, including the demerger of its chemical manufacturing business to OCCL Limited effective July 1, 2024. Subsequently, it was renamed AG Ventures Limited on June 20, 2025. The company also invested ₹65.75 crore in investment property during the year.
What changes now
With the chemical manufacturing business demerged, AG Ventures now operates solely in trading and investment activities. The company's new CEO, Mr. Gaurav Jain, will take charge from May 22, 2026. Its credit ratings have been withdrawn at the company's request.
Risks to watch
Investors should be aware of the delisting from the NSE, which reduces market liquidity. Additionally, a secretarial audit noted a minor non-compliance regarding the filling of a board vacancy beyond the statutory limit.
Peer comparison
As AG Ventures has delisted from the NSE and pivoted its business, direct peer comparison based on recent financial performance is challenging. However, its listed subsidiary, Duncan Engineering Limited, reported a profit after tax of ₹4.86 crore for FY 2025-26.
Context metrics (time-bound)
- Consolidated revenue for FY 2025-26 stood at ₹107.21 crore.
- Investment property acquired for ₹65.75 crore during FY 2025-26.
- Duncan Engineering Ltd (material listed subsidiary) reported PAT of ₹4.86 crore for FY 2025-26.
What to track next
Investors should monitor the performance of the investment property portfolio and the strategic contributions of the subsidiary, Duncan Engineering Limited. The company's ability to sustain profitability under the new business model will be key.