Regaal Resources Limited has released the transcript of its Q4 and FY26 Earnings Conference Call, held on May 28, 2026. The call provided updates on the company's performance and strategic initiatives. During the call, management highlighted the successful commissioning of a significant manufacturing expansion on May 26, 2026. This expansion has increased the crushing capacity to 1,650 tons per day, with the addition of new derivative facilities for liquid glucose (180 TPD) and maltodextrin powder (50 TPD). The captive co-generation power plant capacity has also been expanded by 10 MW, reaching a total of 15.8 MW. This expansion positions Regaal as the largest maize milling facility in Eastern India and strengthens its presence in higher value-added maize derivative products. The company also provided financial highlights for FY26, with operating income at ₹1,134.2 crore and Profit After Tax (PAT) at ₹55.6 crore, resulting in a margin of 4.9%. The Board has recommended a dividend of ₹0.25 per share, subject to shareholder approval. For Q4 FY26, operating income was ₹244.6 crore, with operating EBITDA at ₹32.5 crore (13.3% margin) and PAT at ₹16.5 crore (6.8% margin). Management discussed future plans, including the introduction of dextrose anhydrous, dextrose monohydrate, hydrol, and further additions to the modified starch range. The revised capex outlay for these expansions is approximately ₹540 crore, with an additional ₹140 crore expected to be invested during FY27. The company expects the new capacities to progressively ramp up to optimal operating levels over the coming weeks. Given the current inflection point with new capacities and evolving input cost dynamics, Regaal Resources will provide a formal earnings outlook by the end of H1 FY27. Discussions also covered procurement strategies, working capital management, the Bihar Industrial Investment Promotion Policy (BIIPP) benefits, and the impact of raw material prices. The company noted a significant increase in 'other current assets' due to advances given for raw material procurement and warehouse storage.
