Financial Results Summary

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹526.41 lakhs
  • Total Income: ₹546.89 lakhs
  • Net Loss before tax: ₹137.16 lakhs
  • Net Loss after tax: ₹132.63 lakhs
  • Basic and Diluted EPS: ₹(2.48) per share (FV ₹10)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹1,270.38 lakhs
  • Total Income: ₹1,299.99 lakhs
  • Net Loss before tax: ₹248.05 lakhs
  • Net Loss after tax: ₹215.35 lakhs
  • Basic and Diluted EPS: ₹(4.03) per share (FV ₹10)

Comparative Performance

Q2 FY27 vs Q2 FY26:

  • Revenue declined from ₹868.75 lakhs to ₹526.41 lakhs
  • Net loss increased from ₹96.94 lakhs to ₹132.63 lakhs

H1 FY27 vs H1 FY26:

  • Revenue declined from ₹1,521.76 lakhs to ₹1,270.38 lakhs
  • Net loss increased from ₹191.29 lakhs to ₹215.35 lakhs

Expense Breakdown (H1 FY27)

  • Cost of Material consumed: ₹553.21 lakhs
  • Purchase of stock-in-trade: ₹765.62 lakhs
  • Employees benefits expenses: ₹23.01 lakhs
  • Finance Cost: ₹88.95 lakhs
  • Depreciation and amortization: ₹62.37 lakhs
  • Other Expenses: ₹39.70 lakhs

Balance Sheet Position (as at 30.09.2026)

  • Total Assets: ₹3,055.76 lakhs
  • Current Assets: ₹3,055.76 lakhs
  • Inventories: ₹307.35 lakhs
  • Trade Receivables: ₹771.05 lakhs
  • Cash & Cash Equivalents: ₹1.85 lakhs
  • Bank Balances (other): ₹4.87 lakhs
  • Deferred Tax Assets: ₹172.02 lakhs
  • Other Current Assets: ₹20.39 lakhs
  • Non-current assets held for sale: ₹1,778.23 lakhs
  • Equity: Negative ₹290.93 lakhs
  • Equity Share Capital: ₹535.00 lakhs (53.5 lakh shares of ₹10 each)
  • Other Equity: Negative ₹825.93 lakhs
  • Current Liabilities: ₹3,346.69 lakhs
  • Borrowings: ₹1,087.33 lakhs
  • Trade Payables: ₹143.74 lakhs (Micro/Small: ₹9.24 lakhs, Others: ₹134.50 lakhs)
  • Other Financial Liabilities: ₹141.76 lakhs
  • Other Non-Financial Liabilities: ₹0.75 lakhs
  • Provisions: ₹282.43 lakhs
  • Liabilities associated with disposal group: ₹1,690.68 lakhs

Cash Flow Statement (H1 FY27)

  • Net cash from Operating Activities: ₹68.39 lakhs
  • Net cash used in Investing Activities: ₹1.24 lakhs
  • Net cash used in Financing Activities: ₹(11.56) lakhs
  • Cash and cash equivalents at end: ₹1.85 lakhs

Key Notes and Disclosures

1. The company operates in single segment: Bright Steel Bars and Wires

2. Adopted Indian Accounting Standards (Ind AS) from 1st April, 2017

3. Business Transfer Agreement executed on 31.03.2026 for transferring Non-Alloy Steel Business, effective from 01.03.2026, expected completion by 31.12.2026

4. Previous period figures regrouped/rearranged to confirm to current classification

5. No associate, joint venture or subsidiary companies requiring consolidation

6. Statutory auditors Dagliya & Co. conducted limited review and found no material misstatements

7. Filed pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31st December, 2024