Key Financial Results

Quarter Ended September 30, 2026 (Unaudited)

  • Revenue from Operations (Net): INR 3,208.85 million
  • Other Income: INR 10.45 million
  • Total Income: INR 3,258.30 million
  • Total Expenses: INR 3,018.13 million
  • Profit Before Tax: INR 240.17 million
  • Tax Expense: INR 59.59 million (Current Tax: INR 61.27 million, Deferred Tax Credit: INR (1.68) million)
  • Profit for the Period: INR 180.58 million
  • Basic Earnings Per Share: INR 0.57
  • Diluted Earnings Per Share: INR 0.57

Half Year Ended September 30, 2026 (Unaudited)

  • Revenue from Operations (Net): INR 6,635.96 million
  • Other Income: INR 12.70 million
  • Total Income: INR 6,648.66 million
  • Total Expenses: INR 6,141.72 million
  • Profit Before Tax: INR 506.94 million
  • Tax Expense: INR 127.33 million (Current Tax: INR 130.14 million, Deferred Tax Credit: INR (2.81) million)
  • Profit for the Period: INR 379.61 million
  • Basic Earnings Per Share: INR 1.20
  • Diluted Earnings Per Share: INR 1.20

Comparative Figures

Quarter Ended September 30, 2025 (Unaudited)

  • Revenue from Operations (Net): INR 2,432.93 million
  • Profit for the Period: INR 290.27 million
  • Basic EPS: INR 1.14

Year Ended March 31, 2026 (Audited)

  • Revenue from Operations (Net): INR 11,676.53 million
  • Profit for the Year: INR 846.81 million
  • Basic EPS: INR 3.32

Assets and Liabilities Position (as at September 30, 2026)

  • Total Assets: INR 5,453.04 million
  • Non-Current Assets: INR 850.98 million
  • Current Assets: INR 4,602.06 million
  • Total Equity: INR 1,716.62 million (Equity Share Capital: INR 630.40 million, Other Equity: INR 1,086.22 million)
  • Total Liabilities: INR 3,736.42 million

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: INR 1,167.11 million
  • Net Cash Used in Investing Activities: INR (1,261.76) million
  • Net Cash from Financing Activities: INR 1,335.62 million
  • Net Decrease in Cash and Cash Equivalents: INR (93.25) million

Capital Structure Changes

The company completed a subdivision of shares reducing face value from INR 100 to INR 2 per share, followed by a bonus issue of 15 equity shares for every 1 equity share. The equity share capital increased from INR 509.65 million to INR 630.40 million.

IPO Completion and Proceeds Utilization

The company successfully completed its Initial Public Offering on August 12, 2026, issuing 80,351,950 equity shares at INR 53 per share. The fresh issue component raised INR 3,199.98 million with net proceeds of INR 2,862.74 million after deducting issue expenses of INR 337.24 million.

As of September 30, 2026, the utilization of IPO proceeds:

  • Funding incremental working capital: INR 1,994.74 million utilized out of INR 2,200.00 million allocated
  • Repayment/pre-payment of borrowings: INR 200.00 million fully utilized
  • General corporate purposes: INR 1.02 million utilized out of INR 462.74 million allocated
  • Total utilized: INR 2,195.76 million
  • Unutilized amount: INR 666.98 million

Additional Information

The financial results are prepared in accordance with Indian Accounting Standard (Ind AS) 34 and comply with SEBI Listing Regulations. The company operates in a single business segment. Previous periods' figures have been regrouped/reclassified for comparability.