Financial Results Overview

Quarterly Performance (Q2 FY27 ended September 30, 2026)

  • Revenue from Operations: ₹1,599.53 lakhs (compared to ₹1,395.03 lakhs in Q2 FY26 and ₹2,062.37 lakhs in Q1 FY27)
  • Other Income: ₹4.15 lakhs
  • Total Income: ₹1,603.68 lakhs
  • Profit Before Exceptional Items and Tax: ₹211.46 lakhs
  • Exceptional Items: ₹407.31 lakhs (gain from land sale deeds executed during the quarter)
  • Profit Before Tax: ₹618.77 lakhs
  • Tax Expense: (₹0.76) lakhs (deferred tax)
  • Net Profit for Quarter: ₹619.53 lakhs
  • Basic EPS: ₹1.17 (not annualized)
  • Diluted EPS: ₹1.17 (not annualized)

Half-Yearly Performance (H1 FY27 ended September 30, 2026)

  • Revenue from Operations: ₹3,661.90 lakhs (compared to ₹2,920.92 lakhs in H1 FY26)
  • Other Income: ₹5.41 lakhs
  • Total Income: ₹3,667.31 lakhs
  • Profit Before Exceptional Items and Tax: ₹413.17 lakhs
  • Exceptional Items: ₹407.31 lakhs
  • Profit Before Tax: ₹820.48 lakhs
  • Tax Expense: (₹2.36) lakhs
  • Net Profit for Half-Year: ₹822.84 lakhs
  • Basic EPS: ₹1.55 (not annualized)
  • Diluted EPS: ₹1.55 (not annualized)

Comparative Performance

Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹6,765.31 lakhs
  • Total Income: ₹6,776.01 lakhs
  • Net Profit: ₹715.50 lakhs
  • Basic EPS: ₹1.35

Expense Breakdown (Q2 FY27)

  • Cost of materials consumed: ₹1,157.98 lakhs
  • Changes in inventories: (₹272.60) lakhs
  • Employee benefits expense: ₹166.83 lakhs
  • Finance costs: ₹1.17 lakhs
  • Depreciation and amortization: ₹27.64 lakhs
  • Other expenses: ₹311.20 lakhs
  • Total Expenses: ₹1,392.22 lakhs

Exceptional Item Details

During the quarter, the company executed sale deeds of land in pursuance of the consortium MOU with Shri Vrinda Infracom Pvt. Ltd. The income from these transactions amounting to ₹407.31 lakhs has been classified under exceptional items.

Tax Position

No income tax provision has been made in view of carried forward losses and unabsorbed depreciation.

Business Operations

The company is engaged in manufacturing and supplies of engineering equipment for various industries. It has one operating segment, all assets are domiciled in India, and the company earns its entire revenue from operations within India.

Regulatory and Legal Matter

In respect of GST demand of ₹21.59 crores on account of sale/transfer of its leasehold premises (MIDC office), the appeal filed by the company has been allowed by the Deputy Commissioner (Appeals) vide order dated July 17, 2026. The order also allowed refund of pre-deposit of ₹72.43 lakhs.

Capital Structure

  • Paid-Up Equity Share Capital: ₹5,255.57 lakhs (face value ₹10 per share)
  • Capital structure remained unchanged during the period

Balance Sheet Position (as at September 30, 2026)

Total Assets: ₹27,507.64 lakhs (compared to ₹26,980.39 lakhs as at March 31, 2026)

Asset Composition:

  • Property, plant and equipment: ₹21,413.93 lakhs
  • Inventories: ₹2,765.66 lakhs
  • Trade and other receivables: ₹1,332.14 lakhs
  • Cash and cash equivalents: ₹385.25 lakhs
  • Loans and advances: ₹1,432.54 lakhs
  • Long-term loans and advances: ₹73.84 lakhs
  • Assets for current tax: ₹104.28 lakhs

Liabilities and Equity:

  • Equity share capital: ₹5,255.57 lakhs
  • Other equity: ₹16,878.95 lakhs
  • Long-term borrowings: ₹3,301.50 lakhs
  • Other financial liabilities: ₹182.10 lakhs
  • Deferred tax liabilities: (₹12.41) lakhs
  • Trade and other payables: ₹645.71 lakhs
  • Other financial liabilities: ₹1,243.62 lakhs
  • Short-term provisions: ₹12.60 lakhs

Cash Flow Statement (H1 FY27)

  • Cash from operating activities: ₹169.04 lakhs
  • Cash used in investing activities: (₹104.56) lakhs
  • Cash used in financing activities: (₹344.42) lakhs
  • Net decrease in cash: (₹279.94) lakhs
  • Cash at beginning: ₹665.19 lakhs
  • Cash at end: ₹385.25 lakhs

Related Party Transactions (as at September 30, 2026)

The company disclosed the following related party transactions:

1. Mr. Arun Kumar Sharma (Director): Remuneration of ₹11.50 lakhs (approved value), ₹5.75 lakhs transacted during period

2. Mr. Ravindra Chaturvedi (CFO): Remuneration of ₹10.20 lakhs (approved), ₹5.10 lakhs transacted

3. Mrs. Sarada Patro (Company Secretary): Remuneration of ₹9.24 lakhs (approved), ₹4.62 lakhs transacted

4. Mrs. Anita M. Chaturvedi (Relative of Director): Rent paid of ₹9.60 lakhs (approved), ₹4.80 lakhs transacted

5. Seftech Phosphate Private Limited: Loan repaid of ₹2,944.16 lakhs (approved value ₹350.00 lakhs), closing balance (₹2,944.16) lakhs

6. R.A. Agro Products: Lease rent of ₹4.00 lakhs (approved value ₹2.00 lakhs), closing balance ₹6.00 lakhs

7. Seftech India Private Limited: Balance receivable of ₹1,000.00 lakhs (approved value ₹437.76 lakhs), closing balance ₹437.76 lakhs

All transactions were approved by the audit committee.

Approval and Review Process

The unaudited results for the quarter and half year ended September 30, 2026 were reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on October 27, 2026. The results have been subject to limited review by the statutory auditors, RHAD & Co.

Auditor's Review

RHAD & Co., Chartered Accountants (FRN 102588W), conducted a limited review of the financial results and issued an unmodified review conclusion stating that nothing has come to their attention that causes them to believe that the statement contains any material misstatement.