Summary of Key Information:
Reporting Period (Quarter/Year): Quarter 2 and Half-Year Ended September 30, 2026
Nature of Filing / Announcement: Financial Results Disclosure under SEBI LODR Regulations 30 and 33
Date of Board Meeting / Approval: November 04, 2026
Audit Opinion: Unmodified opinion on standalone results. Qualified opinion on consolidated results.
Auditor’s Comment: For consolidated results, auditors issued a qualified opinion due to non-recognition of financials from joint venture Bsafal Kz Estate LLP, which may result in overstatement or understatement of consolidated profit and carrying value of investment.
Key Financial Highlights [Unit: Rs. in Lakhs]
Standalone Results:
Revenue from Operations:
- Q2 FY27: ₹49,348.82 vs Q2 FY26: ₹11,910.26 (YoY increase)
- H1 FY27: ₹49,361.78 vs H1 FY26: ₹59,015.20 (YoY decrease)
Total Income:
- Q2 FY27: ₹49,521.07
- H1 FY27: ₹49,740.06
Net Profit:
- Q2 FY27: ₹118.28 vs Q2 FY26: ₹51.47 (YoY increase)
- H1 FY27: ₹300.28 vs H1 FY26: ₹1,187.34 (YoY decrease)
EPS (not annualized, Rs. 10 face value):
- Basic & Diluted Q2 FY27: ₹0.87
- Basic & Diluted H1 FY27: ₹2.20
Other Equity: ₹14,978.28 as of September 30, 2026
Cash and Cash Equivalents: ₹951.23 as of September 30, 2026
Debt: Current Borrowings of ₹1,550.62 as of September 30, 2026
Consolidated Results:
Revenue from Operations:
- Q2 FY27: ₹84,883.58 vs Q2 FY26: ₹11,910.26 (YoY increase)
- H1 FY27: ₹3,63,256.72 vs H1 FY26: ₹59,015.20 (YoY increase)
Total Income:
- Q2 FY27: ₹85,027.19
- H1 FY27: ₹3,63,598.63
Net Profit:
- Q2 FY27: ₹371.16 vs Q2 FY26: ₹180.73 (YoY increase)
- H1 FY27: ₹2,383.90 vs H1 FY26: ₹1,658.89 (YoY increase)
- Attributable to owners: ₹2,382.19 for H1 FY27
EPS (not annualized, Rs. 10 face value):
- Basic & Diluted Q2 FY27: ₹2.72
- Basic & Diluted H1 FY27: ₹17.50
Other Equity: ₹17,000.78 as of September 30, 2026
Cash and Cash Equivalents: ₹1,032.08 as of September 30, 2026
Debt: Current Borrowings of ₹1,565.36 and Non-current Borrowings of ₹48.14 as of September 30, 2026
Segment-wise Performance [Unit: Rs. in Lakhs]
Consolidated Segment Revenue for H1 FY27:
- Refining: ₹2,85,584.73
- Bullion: ₹78,377.89
- Shares & Securities and Derivatives: (₹705.90) [Loss]
- Power: ₹0.00
Consolidated Segment Profit for H1 FY27:
- Refining: ₹2,752.21
- Bullion: ₹1,489.56
- Shares & Securities and Derivatives: (₹720.38) [Loss]
- Power: ₹0.00
Corporate Actions:
Dividend: Not declared
Other Corporate Actions: Not specified
Other Significant Information:
Entities in Consolidation: Includes subsidiaries Amazo Solar Power Private Limited and IGR AuSom LLP (from January 1, 2026), and joint venture Swadeshi Distributors LLP. Joint venture Bsafal Kz Estate LLP not recognized in consolidation.
Exceptional Items: None for both standalone and consolidated results.
Change in Ownership: Increased ownership in IGR Ausom LLP from 50% to 100% effective January 1, 2026, making it a subsidiary.