Savita Oil Technologies Approves Joint Managing Director Appointment and Releases Quarter Ended June 30, 2026 Financial Results
Savita Oil Technologies Limited announced the outcomes of its Board meeting held on August 5, 2026, including the approval of the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The board also approved the appointment of Mr. Siddharth G. Mehra as Joint Managing Director (JMD) of the company.Appointment of Joint Managing Director
The Board's resolution included the appointment of Mr. Siddharth G. Mehra (DIN: 06454215) as Joint Managing Director for a period of five years, effective from October 1, 2026. The appointment is subject to approval by the Shareholders at the ensuing Annual General Meeting.Mr. Mehra was appointed following a recommendation by the Nomination & Remuneration Committee. He holds the position of Whole-time Director and his current term of office expires on September 30, 2026. Mr. Siddharth G. Mehra is the son of Mr. Gautam N. Mehra, who serves as Managing Director of the company.
Mr. Mehra's educational qualifications include a Bachelor of Science in Technical Systems Management from University of Illinois at Urbana - Champaign, IL, USA, and a Masters Degree of Science in Management from London School of Economics and Political Science, UK.
Financial Results for Quarter Ended June 30, 2026
The company released the Unaudited Standalone and Consolidated financial results, alongside a Limited Review Report by M/s G. D. Apte & Company, Chartered Accountants. These results reflect the performance across various segments.Standalone Financial Results (Quarter ended 30 June, 2026)
The standalone figures showed Total Income reaching 1,51,633.55 (in lakhs). Expenses for the quarter were recorded at 1,12,555.35 (in lakhs), resulting in a profit from operations before exceptional items and tax of 39,078.20 (in lakhs).
Key financial metrics are detailed below:
| Metric | Quarter ended 30.6.2026 (Unaudited) | Quarter ended 31.3.2026 (Audited)* | Quarter ended 30.6.2025 (Unaudited) |
|---|---|---|---|
| Total Revenue from Operations | 1,47,976.07 | 1,22,395.55 | 98,912.25 |
| Other Income | 3,657.48 | 1,813.17 | 2,731.78 |
| Total Income | 1,51,633.55 | 1,24,208.72 | 1,01,644.03 |
| Total Expenses | 1,12,555.35 | 1,17,106.83 | 94,114.50 |
| Profit from Operations (before tax) | 39,078.20 | 7,101.89 | 7,529.53 |
| Net Profit for the Period after Tax | N/A | N/A | 5,897.44 |
Segmentwise Performance (Standalone)
The company operates across Petroleum Products, Wind Power, and Other Unallocated segments. The total revenue from operations stood at 1,51,633.55 (in lakhs).
| Segment | Revenue / Income from Operations | Profit before tax | Total Assets | Total Liabilities |
|---|---|---|---|---|
| Petroleum Products | 1,48,244.61 | 39,078.20 | 2,60,042.35 | 98,666.29 |
| Wind Power | 973.06 | N/A | 4,614.21 | 429.70 |
| Unallocated | 2,41588 | N/A | 59,534.78 | 11,779.79 |
Consolidated Financial Results (Quarter ended 30 June, 2026)
The consolidated results for the quarter showed Total Income of 1,51,267.08 (in lakhs).
| Metric | Quarter ended 30.6.2026 (Unaudited) | Quarter ended 31.3.2026 (Audited)* | Quarter ended 30.6.2025 (Unaudited) | Year ended 31.3.2026 (Audited) |
|---|---|---|---|---|
| Total Revenue from Operations | 1,47,976.07 | 1,22,395.55 | 98,912.25 | 4,36,258.19 |
| Total Income | 1,51,267.08 | 1,23,937.65 | 1,01,364.48 | 4,40,767.30 |
| Total Expenses | 1,12,607.27 | 1,17,134.72 | 94,136.10 | 4,16,328.16 |
| Profit from Operations (before tax) | 38,659.81 | 6,802.93 | 7,228.38 | 24,439.14 |
| Net profit for the period after tax | 28,805.50 | 4,734.28 | 5,595.49 | 18,183.82 |
The consolidated segment results demonstrated a strong performance in Petroleum Products, which recorded revenue of 1,48,244.61 (in lakhs).
SOTL Stock Price Movement
Savita Oil Technologies Limited rallied today, with its stock closing at ₹679 after gaining 4.99% in a strong post-market performance. The surge occurred amidst heavy buying interest, as the company achieved this gain on a robust trading session that accounted for 862,125 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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