Key Financial Figures - Consolidated (Q2 FY27)

Quarterly Performance (₹ in lakhs):

  • Revenue from operations: ₹20,736.29 (Q2 FY27) vs ₹11,087.37 (Q2 FY26)
  • Total Income: ₹20,768.39 (Q2 FY27) vs ₹11,105.45 (Q2 FY26)
  • Profit Before Tax: ₹4,960.51 (Q2 FY27) vs ₹1,971.82 (Q2 FY26)
  • Profit After Tax: ₹3,655.92 (Q2 FY27) vs ₹1,423.36 (Q2 FY26)
  • EPS (Basic): ₹2.76 (Q2 FY27) vs ₹1.10 (Q2 FY26)

Half-Yearly Performance (₹ in lakhs):

  • Revenue from operations: ₹35,273.92 (H1 FY27) vs ₹19,520.71 (H1 FY26)
  • Profit Before Tax: ₹7,549.90 (H1 FY27) vs ₹2,942.40 (H1 FY26)
  • Profit After Tax: ₹5,535.23 (H1 FY27) vs ₹2,140.05 (H1 FY26)
  • EPS (Basic): ₹4.18 (H1 FY27) vs ₹1.65 (H1 FY26)

Key Financial Figures - Standalone (Q2 FY27)

Quarterly Performance (₹ in lakhs):

  • Revenue from operations: ₹20,206.10 (Q2 FY27) vs ₹10,175.63 (Q2 FY26)
  • Profit Before Tax: ₹4,914.19 (Q2 FY27) vs ₹1,917.90 (Q2 FY26)
  • Profit After Tax: ₹3,650.42 (Q2 FY27) vs ₹1,365.06 (Q2 FY26)
  • EPS (Basic): ₹2.76 (Q2 FY27) vs ₹1.06 (Q2 FY26)

Half-Yearly Performance (₹ in lakhs):

  • Revenue from operations: ₹34,107.22 (H1 FY27) vs ₹18,094.27 (H1 FY26)
  • Profit Before Tax: ₹7,530.16 (H1 FY27) vs ₹2,938.46 (H1 FY26)
  • Profit After Tax: ₹5,556.30 (H1 FY27) vs ₹2,127.35 (H1 FY26)
  • EPS (Basic): ₹4.20 (H1 FY27) vs ₹1.65 (H1 FY26)

Accounting Policy Change

The Company changed its depreciation method from Written Down Value (WDV) to Straight Line Method (SLM) effective April 1, 2026, treated as a change in accounting estimate under Ind AS.

Impact on Consolidated Results:

  • Q2 FY27 depreciation lower by ₹841.25 lakhs, increasing PBT by same amount
  • H1 FY27 depreciation lower by ₹841.25 lakhs, increasing PBT by same amount
  • PAT increased by ₹823.48 lakhs for both Q2 and H1 FY27

Impact on Standalone Results:

  • Q2 FY27 depreciation lower by ₹769.02 lakhs, increasing PBT by same amount
  • H1 FY27 depreciation lower by ₹769.02 lakhs, increasing PBT by same amount
  • PAT increased by ₹769.46 lakhs for both Q2 and H1 FY27

Corporate Actions

Amalgamation Proposal:

  • Board granted in-principle approval for amalgamation of Hyd-Air Engineering Private Limited (wholly-owned subsidiary) with the Company
  • Appointed date: April 1, 2026
  • Subject to regulatory and other approvals
  • Scheme of Amalgamation to be finalized and submitted to exchanges

Management Changes:

  • Mr. Mustafa Abid Kachwala's tenure as CFO completes on November 27, 2026 (close of business hours)
  • He will continue as Whole-time Director and Key Managerial Personnel
  • Ms. Drashti Bhil redesignated as CFO and KMP effective November 28, 2026 for 3 years
  • Ms. Bhil is a Chartered Accountant with over 10 years experience in finance and accounting

Operational Updates

Capacity Enhancements:

  • Liquid cooling SFN skid assemblies capacity increased from 9,000 to 12,000 pieces per annum
  • SS Hose & Braiding Division capacity enhanced to 20 million meters per annum

Subsidiary Information

Hyd-Air Engineering Private Limited (wholly-owned subsidiary) financials for Q2 FY27:

  • Total assets: ₹3,931.41 lakhs
  • Total revenues: ₹801.35 lakhs
  • Profit after tax: ₹5.51 lakhs
  • Total comprehensive income: ₹5.51 lakhs

Meeting Details

Board meeting commenced at 4:00 PM and concluded at 5:06 PM on October 28, 2026