Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and half year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 and 33 of SEBI (LODR) Regulations, 2015

Audit Opinion:

Unmodified conclusion (clean) for both standalone and consolidated financial results

Key Financial Highlights [All amounts in ₹ Million]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,878.03 (vs ₹1,705.19 in Jun 2026, ₹1,426.67 in Sep 2025)
  • Total Income: ₹1,924.58
  • Net Profit: ₹308.21 (vs ₹363.52 in Jun 2026, ₹329.95 in Sep 2025)
  • EPS: ₹4.77 (Basic and Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹3,583.22
  • Total Income: ₹3,669.96
  • Net Profit: ₹671.73
  • EPS: ₹10.40 (Basic and Diluted)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,909.35
  • Total Income: ₹1,951.05
  • Net Profit: ₹309.27 (₹308.75 attributable to owners, ₹0.52 to non-controlling interest)
  • EPS: ₹4.79 (Basic and Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹3,635.34
  • Total Income: ₹3,712.53
  • Net Profit: ₹660.87 (₹666.20 attributable to owners, ₹-5.33 to non-controlling interest)
  • EPS: ₹10.32 (Basic and Diluted)

Financial Position as at September 30, 2026:

Standalone:

  • Property, Plant and Equipment: ₹9,568.52
  • Capital Work-in-Progress: ₹2,124.90
  • Cash and Cash Equivalents: ₹103.29
  • Bank Balances (other): ₹759.99
  • Total Borrowings: ₹5,569.59 (Non-current: ₹2,847.07, Current: ₹2,722.52)
  • Other Equity: ₹16,067.14
  • Total Assets: ₹24,015.31

Consolidated:

  • Property, Plant and Equipment: ₹9,747.98
  • Capital Work-in-Progress: ₹2,124.90
  • Cash and Cash Equivalents: ₹115.57
  • Bank Balances (other): ₹759.99
  • Total Borrowings: ₹5,616.25 (Non-current: ₹2,869.67, Current: ₹2,746.58)
  • Other Equity: ₹15,830.99
  • Total Assets: ₹24,046.59

Cash Flow Analysis (Half Year Ended September 30, 2026):

Standalone:

  • Net cash used in operating activities: ₹(458.16)
  • Net cash used in investing activities: ₹(421.57)
  • Net cash from financing activities: ₹747.20
  • Net decrease in cash: ₹(132.53)

Consolidated:

  • Net cash used in operating activities: ₹(436.24)
  • Net cash used in investing activities: ₹(426.69)
  • Net cash from financing activities: ₹732.58
  • Net decrease in cash: ₹(130.35)

Segment-wise Performance:

The operations predominantly relate to manufacture and sale of high precision OEM components. There is only one primary reportable segment as per Ind AS 108.

Corporate Actions:

  • The company granted 80,000 options under Employee Stock Option Scheme on May 12, 2026
  • Each option provides right to apply for one equity share of face value ₹2 each at exercise price of ₹1,050

QIP Fund Utilization:

As of September 30, 2026:

  • Total QIP proceeds: ₹7,000.00 Mn
  • Amount utilized: ₹6,217.60 Mn
  • Unutilized amount: ₹782.40 Mn

Breakdown of utilization:

  • Funding capital expenditure: ₹4,494.60 out of ₹5,250.00 allocated
  • General corporate purposes: ₹1,562.10 fully utilized
  • Issue expenses: ₹160.90 utilized out of ₹187.90 allocated

Other Significant Information:

  • Significant capital expenditure with ₹1,393.30 Mn spent on property, plant and equipment (standalone)
  • Working capital increased substantially with inventory growth to ₹4,248.03 Mn and trade receivables to ₹4,016.18 Mn
  • Borrowings increased significantly in current liabilities from ₹1,732.41 Mn to ₹2,722.52 Mn (standalone)