Financial Results (Quarter Ended June 30, 2026)

Income Statement (INR in Lakhs):

  • Revenue from operations: ₹25,332.44 (compared to ₹17,306.84 in Q1 FY26 and ₹25,555.05 in Q4 FY26)
  • Other income: ₹58.01
  • Total income: ₹25,390.45

Expenses:

  • Cost of materials consumed: ₹18,424.92
  • Changes in inventories: (₹123.36) credit
  • Employee benefits expense: ₹1,474.11
  • Finance costs: ₹355.68
  • Depreciation and amortization: ₹486.91
  • Other expenses: ₹4,145.93
  • Total expenses: ₹24,764.19

Profitability:

  • Profit before exceptional item and tax: ₹626.26
  • Exceptional item: None
  • Profit before tax: ₹626.26
  • Tax expense: Current tax ₹7.13, Deferred tax ₹150.49
  • Profit for the period: ₹468.64
  • Other comprehensive income (net of tax): ₹6.78
  • Total comprehensive income: ₹475.42

Per Share Data:

  • Basic EPS: ₹2.95 (not annualized)
  • Diluted EPS: ₹2.95 (not annualized)
  • Paid-up equity share capital: ₹1,586.44 lakhs (Face value ₹10 per share)

Comparative Performance

Year-over-Year Comparison (Q1 FY27 vs Q1 FY26):

  • Revenue increased 46.3% from ₹17,306.84 lakhs to ₹25,332.44 lakhs
  • Profit before tax increased 146.7% from ₹253.85 lakhs to ₹626.26 lakhs
  • Net profit increased 84.6% from ₹253.85 lakhs to ₹468.64 lakhs
  • EPS increased from ₹1.60 to ₹2.95

Sequential Comparison (Q1 FY27 vs Q4 FY26):

  • Revenue decreased 0.9% from ₹25,555.05 lakhs to ₹25,332.44 lakhs
  • Profit before tax decreased 41.7% from ₹1,073.69 lakhs to ₹626.26 lakhs
  • Net profit decreased 64.7% from ₹1,327.64 lakhs to ₹468.64 lakhs
  • EPS decreased from ₹8.37 to ₹2.95

Auditor Review

The statutory auditors, B S R & Co. LLP (Firm Registration No.: 101248W/W-100022), conducted a limited review of the unaudited financial results and issued an unqualified conclusion. Their review was performed in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Business Segment Information

The company operates in a single business segment of manufacturing automobile components, in accordance with Ind AS 108 'Operating Segments'. The company has no subsidiaries, associates, or joint ventures as of June 30, 2026.

Notes to Financial Results

The figures for the three months ended March 31, 2026, are balancing figures between audited full-year figures and published year-to-date figures up to the third quarter of previous financial year. The Q3 figures had only been reviewed, not audited.

The financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on July 24, 2026.