The Board of Directors of Arcee Industries Limited held a meeting on November 14, 2026, which commenced at 6:30 PM and concluded at 8:30 PM. The board approved the unaudited financial results for the quarter and half-year ended September 30, 2026.
Financial Performance (Standalone, ₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹830.78 lakhs (compared to ₹0.00 lakhs in Q1 FY27 and ₹8.18 lakhs in Q2 FY26)
- Other Income: ₹0.00 lakhs (compared to ₹-7.79 lakhs in Q2 FY26)
- Total Income: ₹830.78 lakhs
- Cost of Materials Consumed: ₹780.33 lakhs
- Employee Benefits Expense: ₹3.89 lakhs
- Finance Cost: ₹0.25 lakhs
- Depreciation: ₹2.76 lakhs
- Other Expenses: ₹3.54 lakhs
- Total Expenses: ₹790.77 lakhs
- Profit Before Tax: ₹40.01 lakhs (compared to loss of ₹31.23 lakhs in Q1 FY27 and loss of ₹17.79 lakhs in Q2 FY26)
- Tax Expense: ₹0.00 lakhs
- Net Loss for Quarter: ₹40.01 lakhs
- Basic EPS: ₹0.78 (compared to ₹-0.61 in Q1 FY27 and ₹-0.35 in Q2 FY26)
- Diluted EPS: ₹0.78
Half-Year Ended September 30, 2026:
- Profit Before Taxation: ₹8.78 lakhs
Year Ended March 31, 2026 (Audited):
- Revenue from Operations: ₹9.90 lakhs
- Net Loss: ₹35.68 lakhs
- Basic EPS: ₹-0.69
Segment-wise Performance (Primary Segment)
Quarter Ended September 30, 2026:
- Steel Pipe Segment Revenue: ₹830.78 lakhs (100% of total revenue)
- PVC Pipe Segment Revenue: ₹0.00 lakhs
- Segment Results: ₹40.26 lakhs (Other Unallocable)
- Total Segment Assets: ₹1,340.05 lakhs
- Total Segment Liabilities: ₹1,011.29 lakhs
Comparative Segment Data:
- Q2 FY26: Steel Pipe Revenue ₹-0.20 lakhs, PVC Pipe Revenue ₹0.59 lakhs
- FY26: Steel Pipe Revenue ₹9.90 lakhs, PVC Pipe Revenue ₹0.00 lakhs
Capital Structure
- Paid-up Equity Share Capital: ₹513.88 lakhs (Face Value ₹10/-)
- Other Equity: ₹-193.90 lakhs (negative)
Cash Flow Statement
Half-Year Ended September 30, 2026:
- Net Cash from Operating Activities: ₹8.93 lakhs
- Net Cash Used in Investing Activities: ₹-4.83 lakhs
- Net Cash Used in Financing Activities: ₹-13.02 lakhs
- Net Change in Cash: ₹-8.91 lakhs
- Closing Cash Balance: ₹-5.61 lakhs
Auditor's Limited Review Report
The statutory auditors, CGH & Associates, issued a qualified conclusion on the financial results. The basis for qualification includes:
- The company recorded sales of approximately ₹8 crore in Q2 FY27 compared to negligible turnover in earlier periods
- The company's GST registration was suspended by the GST department during the quarter due to flagged transactions
- The GST registration remains suspended as of the review date (November 14, 2026)
- Auditors were unable to verify the company's GST filings due to the suspension
- The company could not provide confirmations from customers and suppliers or supporting GST submissions
- Accordingly, auditors were unable to verify these sales and purchases
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and Regulation 33 of SEBI Listing Regulations.
Additional Information
- The company operates in two segments: Rigid PVC Pipes and M.S. Tubes
- Comparative figures have been regrouped/reclassified where necessary
- The results were reviewed by the Audit Committee and approved by the Board of Directors