Key Financial Figures - Standalone (₹ lakhs)

Quarterly Performance (Q2 FY27 vs Q1 FY27 vs Q2 FY26):

  • Total Income: ₹11,153.28 (Q2 FY27) vs ₹9,954.87 (Q1 FY27) vs ₹10,595.10 (Q2 FY26)
  • Revenue from Operations: ₹10,324.91 vs ₹8,901.45 vs ₹9,597.93
  • Profit Before Tax (PBT): ₹3,497.11 vs ₹3,373.55 vs ₹3,654.24
  • Profit After Tax (PAT): ₹2,650.13 vs ₹2,529.10 vs ₹2,772.09
  • Basic EPS (₹): 28.40 vs 27.10 vs 29.70

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Total Income: ₹21,108.15 vs ₹20,047.64
  • Revenue from Operations: ₹19,226.36 vs ₹17,925.33
  • PBT: ₹6,870.66 vs ₹6,764.95
  • PAT: ₹5,179.23 vs ₹5,112.43
  • Basic EPS (₹): 55.50 vs 54.78

Key Financial Figures - Consolidated (₹ lakhs)

Quarterly Performance (Q2 FY27 vs Q1 FY27 vs Q2 FY26):

  • Total Income: ₹11,844.70 vs ₹12,785.36 vs ₹11,461.00
  • Revenue from Operations: ₹11,127.71 vs ₹11,680.23 vs ₹10,477.64
  • PBT: ₹3,295.06 vs ₹3,950.49 vs ₹3,599.62
  • PAT: ₹2,494.33 vs ₹3,009.94 vs ₹2,774.76
  • Basic EPS (₹): 26.76 vs 32.27 vs 29.73

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Total Income: ₹24,630.06 vs ₹22,933.61
  • Revenue from Operations: ₹22,807.94 vs ₹20,867.11
  • PBT: ₹7,245.54 vs ₹7,454.63
  • PAT: ₹5,504.27 vs ₹5,826.44
  • Basic EPS (₹): 59.03 vs 62.42

Balance Sheet Highlights - Standalone (as of 30-Sep-2026)

  • Total Assets: ₹87,572.61 lakhs (vs ₹82,298.51 lakhs as of 31-Mar-2026)
  • Inventories: ₹7,985.23 lakhs
  • Trade Receivables (net): ₹18,656.87 lakhs
  • Investments: ₹45,130.76 lakhs
  • Cash & Cash Equivalents: ₹618.04 lakhs
  • Total Equity: ₹82,068.37 lakhs
  • Borrowings: ₹973.27 lakhs

Cash Flow Highlights - Standalone (H1 FY27)

  • Net Cash from Operating Activities: ₹3,893.96 lakhs
  • Net Cash used in Investing Activities: ₹(3,386.61) lakhs
  • Net Cash used in Financing Activities: ₹(427.81) lakhs
  • Net Increase in Cash: ₹79.55 lakhs

Operational and Strategic Updates

  • The company has only one reportable business segment: Manufacturing of High Chrome Mill Internals.
  • On July 29, 2025, the Board decided to discontinue manufacturing operations at the Nagpur unit. The closure has no adverse effect on production or profitability.
  • Effective November 21, 2025, the Government of India implemented New Labour Codes. The company recognized an incremental gratuity liability of ₹433.35 lakhs during FY26.
  • Subsidiary Welcast Steels Limited (WSL) closed its factory effective December 15, 2025. The group provided ₹328.19 lakhs towards closure compensation for WSL employees, treated as an exceptional item in FY26.
  • Vega Industries (Middle East) F.Z.C. acquired an additional 14% stake in joint venture Vega MPS Pty. Ltd. on December 10, 2025, for AUD 5.65 million, increasing its stake to 70%.

Audit and Compliance

  • The results were reviewed by the Audit Committee and approved by the Board of Directors on November 3, 2026.
  • The statutory auditors, B S R & Co. LLP, conducted a limited review and expressed an unmodified conclusion.
  • The financial results are prepared in accordance with Ind AS 34.

Capital Structure

  • Paid-up equity share capital remains unchanged at ₹186.64 lakhs (face value ₹2 per share).

Entities Included in Consolidation

The consolidated results include the holding company (AIA Engineering Limited) and its subsidiaries: Welcast Steels Limited, AIA CSR Foundation, Vega Industries (Middle East) F.Z.C., Vega Industries Limited (USA, UK, Australia, South Africa, Indonesia, Chile, Peru), Wuxi Vega Trade Co. Limited, Vega Middle East (DFTZ) FZE, and joint venture Vega MPS Pty. Ltd.