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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Parag Milk Foods Ltd

Parag Milk Foods Q2 FY27 Results; Board Approves Bhagyalaxmi Dairy Amalgamation

M&A ● No Immediate Change MEDIUM RISK
📅 Filed on BSE: 03 Nov 2026, 10:56 PM IST  ·  BSE ID: 7de88094-f1d7-4d0f-86b2-bc6fe629dc6b
View Original BSE Filing (PDF)
💡
In Simple Terms
Parag Milk Foods reported its Q2 FY27 financial results and plans to merge its wholly-owned subsidiary, Bhagyalaxmi Dairy Farms, into the company.
🤖 AI Summary
  • Parag Milk Foods Board approved Q2 FY27 standalone and consolidated financial results on November 3, 2026.
  • Standalone revenue from operations for Q2 FY27 reached Rs. 1,215.42 Crore.
  • Standalone profit after tax for Q2 FY27 was Rs. 49.26 Crore.
  • Board approved the Scheme of Amalgamation of wholly-owned subsidiary Bhagyalaxmi Dairy Farms Private Limited with Parag Milk Foods.
  • Amalgamation scheme is subject to NCLT sanction, shareholder, creditor, and regulatory approvals.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Standalone Revenue from operations Q2 FY27
Rs. 1,215.42 Crore
23.87
Standalone Profit for the period after tax Q2 FY27
Rs. 49.26 Crore
-11.57
Standalone Revenue from operations H1 FY27
Rs. 2,135.89 Crore
17.90
Standalone Profit for the period after tax H1 FY27
Rs. 74.69 Crore
-15.17
🏢 How This Affects the Company
📈
Business Impact
The proposed amalgamation of Bhagyalaxmi Dairy Farms Private Limited, a wholly-owned subsidiary, into Parag Milk Foods will integrate its operations directly into the parent company. This move aims to streamline the corporate structure and potentially enhance operational synergies.
💰
Financial Impact
Q2 FY27 standalone revenue from operations increased to Rs. 1,215.42 Crore from Rs. 981.15 Crore in Q2 FY26. Standalone profit after tax for Q2 FY27 was Rs. 49.26 Crore, compared to Rs. 55.70 Crore in Q2 FY26.
⚙️
Operational Impact
The amalgamation, once approved, will consolidate the operations of Bhagyalaxmi Dairy Farms Private Limited under the main company, simplifying the overall operational framework. This could lead to a more centralized management of dairy operations.
⚠️
Risk Impact
The scheme of amalgamation is subject to various regulatory approvals including NCLT sanction, and approvals from shareholders and creditors. Delays or conditions imposed by these authorities could impact the timeline and terms of the proposed merger.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take immediate action regarding the board's approval of the amalgamation or financial results.
👤
Who Is Affected
All shareholders are affected by the company's financial performance. Shareholders will be asked to approve the Scheme of Amalgamation as part of the NCLT process.
🔍
Management Signal
The Board's decision to amalgamate the wholly-owned subsidiary indicates a strategic move towards corporate structure simplification and operational consolidation.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
NCLT decision regarding the Scheme of Amalgamation.
Outcome of shareholder and creditor meetings for amalgamation approval.
Next quarterly financial results for Q3 FY27.
MEDIUM RISK Amalgamation is subject to multiple regulatory and stakeholder approvals, introducing execution risk.
💡 Investor Takeaway
Parag Milk Foods reported Q2 FY27 standalone revenue from operations at Rs. 1,215.42 Crore, a 23.87% increase YoY, and profit after tax at Rs. 49.26 Crore, a 11.57% decrease YoY. The Board also approved the amalgamation of its wholly-owned subsidiary, Bhagyalaxmi Dairy Farms Private Limited, subject to necessary approvals.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone revenue from operations grew to Rs. 1,215.42 Crore in Q2 FY27, up from Rs. 981.15 Crore in Q2 FY26.
  • Standalone half-year revenue from operations increased to Rs. 2,135.89 Crore in H1 FY27 from Rs. 1,811.67 Crore in H1 FY26.

⚠️ Concerns

  • Standalone profit after tax decreased to Rs. 49.26 Crore in Q2 FY27 from Rs. 55.70 Crore in Q2 FY26.
  • Standalone half-year profit after tax was Rs. 74.69 Crore in H1 FY27, down from Rs. 88.05 Crore in H1 FY26.
❓ Frequently Asked Questions
What was Parag Milk Foods' standalone revenue from operations in Q2 FY27?
Parag Milk Foods reported a standalone revenue from operations of Rs. 1,215.42 Crore for the quarter ended September 30, 2026 (Q2 FY27).
What was Parag Milk Foods' standalone profit after tax in Q2 FY27?
The standalone profit after tax for Parag Milk Foods in Q2 FY27 was Rs. 49.26 Crore.
Which entity is Parag Milk Foods planning to amalgamate?
Parag Milk Foods' Board has approved the Scheme of Amalgamation of Bhagyalaxmi Dairy Farms Private Limited, a wholly owned subsidiary, with the Company.
What approvals are required for the Bhagyalaxmi Dairy Farms amalgamation?
The amalgamation scheme requires sanction by the NCLT, and approvals from the shareholders, creditors, and other regulatory authorities.
What was the standalone profit before tax for Parag Milk Foods in H1 FY27?
Standalone profit before tax for Parag Milk Foods for the half year ended September 30, 2026 (H1 FY27) was Rs. 93.39 Crore.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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