Chemtech Industrial Valves Ltd. has announced a board meeting to consider the financial results for the quarter and half-year.

The company reported consolidated revenues of ₹1356.62 million for the quarter, up from ₹939.17 million in the previous quarter, with manufacturing contributing ₹1236.42 million.

Profit before tax rose to ₹231.60 million.

Capital employed increased to ₹9583.05 million.

The statutory auditor issued an unmodified opinion on the annual audited standalone financial statements, confirming compliance with accounting standards and effective internal financial controls.

The company is contesting a penalty related to ineligible ITC of approximately ₹39.4 million, for which a deposit under protest has been made.

Loans totaling ₹6 crore have been extended to related parties during the year.

No dividend was declared.