Daikaffil Chemicals doubles revenue but losses widen to ₹2.14 crore
Annual standalone revenue climbed to ₹13.35 crore for FY26, yet the company's bottom line slipped further into the red.
— 1 earlier story on Daikaffil Chemicals India Ltd. →What's new
- Standalone revenue rose to ₹13.35 crore from ₹749.84 lakhs in the previous year.
- Net loss widened to ₹2.14 crore, compared to a loss of ₹1.59 crore in FY25.
- The company released its first consolidated financial statements including subsidiary Mikusu Global Industries.
Why this matters
Top-line growth is failing to translate into profitability for this nano-cap entity. The expansion into consolidated reporting via its new subsidiary adds complexity, but the primary takeaway remains a persistent inability to contain losses.
What we're watching
- Whether the consolidated entity can reach break-even in the coming quarters.
- Operational updates from the new subsidiary, Mikusu Global Industries.
- Any shift in cost management to address the widening net loss.
The full read
Daikaffil Chemicals nearly doubled its standalone revenue to ₹13.35 crore in FY26, up from ₹749.84 lakhs the year prior.
Despite this top-line expansion, the company's financial health deteriorated, with net losses widening to ₹2.14 crore from ₹1.59 crore. This reporting cycle also marks a structural change for the firm, which presented consolidated financial statements for the first time following the operationalization of its subsidiary, Mikusu Global Industries Ltd. The board also confirmed the re-appointment of SPSJ & Associates LLP as internal auditors for FY27.
Growth is not enough. The company is now tasked with proving that its new subsidiary can contribute to the bottom line rather than just the top line.
Questions answered
- How did Daikaffil's revenue compare to the previous fiscal year?
- Annual standalone revenue reached ₹13.35 crore, a sharp increase from the ₹749.84 lakhs reported in the prior fiscal year.
- Why are there consolidated financial statements this year?
- This is the first time the company has reported consolidated results, following the start of operations at its subsidiary, Mikusu Global Industries Ltd.
- What was the result of the board's administrative decisions?
- The board re-appointed SPSJ & Associates LLP to serve as internal auditors for the 2026-27 financial year.
- Did the company improve its bottom line?
- No, the net loss widened to ₹2.14 crore for the year, compared to a loss of ₹1.59 crore in the previous fiscal.
Story so far
All notes on DAIKAFFI →- 28 May 2026 · 2:29 PM IST Daikaffil Chemicals doubles revenue but losses widen to ₹2.14 crore
- today Daikaffil Chemicals revenue doubles, but losses widen to ₹2.14 crore