AG Ventures Limited, formerly Oriental Carbon & Chemicals, reported a strong performance for the September quarter with consolidated revenue at Rs 87.52 crore and profit at Rs 17.27 crore. The growth reflects a sharp turnaround from the year-ago period. The company also confirmed its shift to the concessional tax regime under Section 115BAA and highlighted the expansion of its subsidiary, Duncan Engineering, into the Saudi Arabian market.
AG Ventures Reports Strong Q2 Performance
Consolidated Revenue: Rs 87.52 crore
Consolidated Net Profit: Rs 17.27 crore
Reader Takeaway: Significant revenue and profit growth driven by operational performance; adoption of concessional tax regime improves bottom-line clarity.
What just happened
AG Ventures Limited (formerly Oriental Carbon & Chemicals Limited) approved its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a significant jump in consolidated revenue to Rs 87.52 crore, up from Rs 29.95 crore in the corresponding quarter of the previous year. Net profit attributable to owners reached Rs 17.27 crore, compared to Rs 0.20 crore in the same period last year.
Why this matters
The stellar growth figures indicate a successful operational turnaround. Shareholders should note the strategic shift in the tax framework. The company has adopted the concessional tax regime under Section 115BAA of the Income Tax Act, leading to a remeasurement of deferred tax assets and liabilities. This change effectively aligns the company with lower corporate tax structures, providing a boost to net profitability.
The backstory
The company recently underwent a rebranding, transitioning from Oriental Carbon & Chemicals Limited to AG Ventures Limited. Parallel to this shift, the company is expanding its global footprint. In July 2026, its subsidiary, Duncan Engineering Limited, infused Rs 1.59 crore of equity capital into DEL Arabia Company, a step-down subsidiary incorporated in Saudi Arabia in late 2025.
Risks to watch
Investors should monitor the integration risks of the new Saudi-based subsidiary and how the ongoing transition to the new tax regime impacts cash flows in future quarters. While the top-line growth is substantial, sustained execution across these new markets will be vital for maintaining these margins.
Context metrics
Revenue for the quarter ended September 30, 2026, stood at Rs 87.52 crore vs Rs 29.95 crore year-on-year. Profit rose to Rs 17.27 crore compared to Rs 0.20 crore in the year-ago period.