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 and Financial Results under SEBI LODR Regulations

Audit Opinion:

Unmodified conclusion (clean opinion) for both standalone and consolidated financial results.

Auditor’s Comment:

The review provides moderate assurance that the financial results are free from material misstatement. The review was performed in accordance with SRE 2410 issued by ICAI and is limited primarily to inquiries and analytical procedures, providing less assurance than an audit.

Key Financial Highlights [₹ in Lakhs]

Standalone Results:

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹16,711.74 (vs. ₹23,264.38 in Q2 FY26; -28.2% YoY)
  • Total Income: ₹16,804.78
  • Profit Before Tax: ₹1,160.10 (vs. ₹4,300.20 in Q2 FY26; -73.0% YoY)
  • Net Profit: ₹914.97 (vs. ₹3,202.59 in Q2 FY26; -71.4% YoY)
  • EPS (Basic): ₹4.57 (Not Annualised)
  • EPS (Diluted): ₹4.56 (Not Annualised)

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹28,501.03 (vs. ₹40,206.59 in H1 FY26; -29.1% YoY)
  • Total Income: ₹28,643.81
  • Profit Before Tax: ₹1,281.03 (vs. ₹7,745.00 in H1 FY26; -83.5% YoY)
  • Net Profit: ₹1,025.78 (vs. ₹5,755.73 in H1 FY26; -82.2% YoY)
  • EPS (Basic): ₹5.12 (Not Annualised)
  • EPS (Diluted): ₹5.11 (Not Annualised)

Other Equity: ₹65,649.51 (As of September 30, 2026) vs. ₹66,679.19 (As of March 31, 2026)

Cash and Cash Equivalents: ₹1,243.95 (As of September 30, 2026) vs. ₹387.25 (As of March 31, 2026)

Debt:

  • Short-term Borrowings: ₹9,172.56
  • Long-term Borrowings: ₹2,226.60
  • Total Borrowings: ₹11,399.16

Consolidated Results:

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹18,240.34 (vs. ₹23,227.98 in Q2 FY26; -21.5% YoY)
  • Total Income: ₹18,336.32
  • Profit Before Tax: ₹890.91 (vs. ₹4,301.68 in Q2 FY26; -79.3% YoY)
  • Net Profit: ₹658.36 (vs. ₹3,205.29 in Q2 FY26; -79.5% YoY)
  • EPS (Basic): ₹3.29 (Not Annualised)
  • EPS (Diluted): ₹3.28 (Not Annualised)

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹30,765.26 (vs. ₹40,751.22 in H1 FY26; -24.5% YoY)
  • Total Income: ₹30,913.33
  • Profit Before Tax: ₹984.35 (vs. ₹7,829.91 in H1 FY26; -87.4% YoY)
  • Net Profit: ₹715.38 (vs. ₹5,831.39 in H1 FY26; -87.7% YoY)
  • EPS (Basic): ₹3.57 (Not Annualised)
  • EPS (Diluted): ₹3.56 (Not Annualised)

Other Equity: ₹65,761.35 (As of September 30, 2026) vs. ₹67,097.50 (As of March 31, 2026)

Cash and Cash Equivalents: ₹1,259.12 (As of September 30, 2026) vs. ₹405.09 (As of March 31, 2026)

Debt:

  • Short-term Borrowings: ₹10,836.56
  • Long-term Borrowings: ₹2,226.60
  • Total Borrowings: ₹13,063.16

Segment-wise Performance:

The company operates in a single business segment: "Engineering Products".

Corporate Actions:

Not Specified

Other Significant Information:

Exceptional Items:

  • Standalone: Past service cost of ₹130.52 lakhs (net of tax of ₹43.90 lakhs) recognised for the year ended March 31, 2026, related to the new labour codes.
  • Consolidated: Past service cost of ₹145.26 lakhs (net of tax of ₹48.86 lakhs) recognised for the year ended March 31, 2026, related to the new labour codes.

ESOPs: The company issued Nil equity shares during the quarter and half year ended September 30, 2026, under the Employees Stock Option Scheme.

Assets and Liabilities (Standalone as of September 30, 2026):

  • Total Assets: ₹94,519.58 Lakhs
  • Total Equity: ₹67,652.66 Lakhs
  • Inventories: ₹8,939.84 Lakhs
  • Trade Receivables: ₹33,607.98 Lakhs

Cash Flow (Standalone H1 FY27):

  • Net Cash from Operating Activities: ₹6,572.08 Lakhs
  • Net Cash used in Investing Activities: (₹4,633.46) Lakhs
  • Net Cash used in Financing Activities: (₹1,081.92) Lakhs
  • Net Increase in Cash: ₹856.70 Lakhs