Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations

Date of Board Meeting / Approval: November 6, 2026 (Meeting duration: 11:08 AM to 13:09 PM)

Audit Opinion: Unmodified opinion expressed by S. R. Batliboi and Associates LLP in their limited review report

Auditor's Comment: Nothing has come to their attention that causes them to believe the statement contains any material misstatement

Key Financial Highlights [All amounts in ₹ million]

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹4,870.30 (vs. ₹4,448.10 in Q2 FY26 - YoY growth)
  • Other Income: ₹198.24
  • Total Income: ₹5,068.54
  • Total Expenses: ₹4,386.29
  • Profit Before Tax: ₹682.25
  • Total Tax Expenses: ₹173.11 (including current tax ₹183.77, tax relating to earlier years ₹24.33, deferred tax credit ₹34.99)
  • Profit for the Period: ₹509.14
  • EPS (Basic): ₹4.45
  • Other Comprehensive Income (net of tax): ₹7.07
  • Total Comprehensive Income: ₹516.21

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹9,616.27 (vs. ₹9,113.25 in H1 FY26 - YoY growth)
  • Other Income: ₹380.19
  • Total Income: ₹9,996.46
  • Total Expenses: ₹8,571.15
  • Profit Before Tax: ₹1,425.31
  • Total Tax Expenses: ₹360.15
  • Profit for the Period: ₹1,065.16
  • EPS (Basic): ₹9.31
  • Other Comprehensive Income (net of tax): ₹11.15
  • Total Comprehensive Income: ₹1,076.31

Comparative Figures:

  • March 31, 2026 (Audited FY26): Revenue ₹21,025.37, Net Profit ₹2,251.45, EPS ₹19.68
  • June 30, 2026 (Q1 FY27): Revenue ₹4,745.97, Net Profit ₹556.02, EPS ₹4.86
  • September 30, 2025 (Q2 FY26): Revenue ₹4,448.10, Net Profit ₹390.66, EPS ₹3.41

Financial Position as at September 30, 2026:

  • Equity Share Capital: ₹114.41 million (Face value: Re. 1 each)
  • Other Equity: ₹14,926.84 million (vs. ₹13,807.79 million at March 31, 2026)
  • Total Equity: ₹15,040.84 million
  • Property, Plant and Equipment: ₹1,402.28 million
  • Capital Work-in-Progress: ₹284.94 million
  • Inventories: ₹1,663.02 million
  • Trade Receivables: ₹10,499.90 million
  • Cash and Cash Equivalents: ₹533.51 million (decreased from ₹1,659.04 million at March 31, 2026)
  • Total Assets: ₹17,939.09 million

Cash Flow Statement (H1 FY27):

  • Net Cash Flow from Operating Activities: ₹55.03 million
  • Net Cash Flow Used in Investing Activities: ₹(1,178.86) million (primarily due to investments in mutual funds, bonds and NCDs of ₹3,550.95 million)
  • Net Cash Flow Used in Financing Activities: ₹(1.70) million
  • Net Decrease in Cash and Cash Equivalents: ₹(1,125.53) million

Segment-wise Performance:

The Company operates as a single business segment - "manufacturer of concrete equipment" - and has one reportable segment. Accordingly, segment-wise performance is not separately disclosed.

Corporate Actions:

The Board of Directors has recommended to the shareholders the regularisation of Mr. Shishir Joshipura (DIN: 00574970) as a Non-Executive Independent Director of the Company and has approved the issuance of a Postal Ballot Notice seeking shareholders' approval by way of an Ordinary Resolution for his appointment.

Other Significant Information:

  • Exceptional Items: None in current period (vs. ₹31.04 million impact of labor codes in FY26)
  • Investments: Significant activity with ₹3,550.95 million invested in mutual funds, bonds and NCDs, and ₹2,434.95 million proceeds from sales in H1 FY27
  • Employee Benefits: Share-based payment expense of ₹42.33 million in H1 FY27
  • Provision for warranty: ₹67.33 million in H1 FY27