Date: August 7, 2026
Board Meeting Outcomes
The Board of Directors meeting was held on Friday, August 7, 2026, commencing at 5:00 p.m. and concluding at 6:10 p.m.
The Board approved and took on record the following:
- Unaudited Standalone Financial Results for the quarter ended June 30, 2026
- Unaudited Consolidated Financial Results for the quarter ended June 30, 2026
- Limited Review Report from Statutory Auditors on both standalone and consolidated results
Financial Results (Standalone)
Income Statement (₹ in Lakhs)
Quarter Ended June 30, 2026 (Unaudited)
- Revenue from operations: ₹56,688.17
- Net Sales: ₹55,863.18
- Other operating Income: ₹824.99
- Other Income: ₹507.26
- Total Income: ₹57,195.43
Expenses:
- Cost of materials consumed: ₹40,228.89
- Changes in inventories: (₹2,480.68)
- Erection & subcontracting expenses: ₹7,815.00
- Employee benefits expenses: ₹4,076.98
- Finance costs: ₹1,177.85
- Depreciation and amortization: ₹495.39
- Other expenses: ₹5,193.79
- Total Expenses: ₹56,507.22
Profitability:
- Profit before exceptional items and tax: ₹688.21
- Exceptional Items: ₹0.00 (Refer Note 3)
- Profit before tax: ₹688.21
- Tax expense: ₹233.43
- Current tax: ₹171.78
- Deferred tax: ₹5.16
- Tax in respect of earlier year: ₹56.49
- Profit for the period: ₹454.78
Comprehensive Income:
- Other comprehensive income/(loss): ₹6,678.11
- Total Comprehensive Income: ₹1,033.54
Earnings Per Share (Face value ₹2 each):
- Basic EPS: ₹0.39
- Diluted EPS: ₹0.39
Comparative Figures
Quarter Ended March 31, 2026 (Audited):
- Revenue: ₹1,00,776.70
- Profit before tax: ₹1,855.52
- Profit for period: ₹1,571.33
- EPS Basic: ₹1.36
- EPS Diluted: ₹1.35
Quarter Ended June 30, 2025 (Unaudited):
- Revenue: ₹60,763.25
- Profit before tax: ₹444.92
- Profit for period: ₹331.51
- EPS Basic: ₹0.29
- EPS Diluted: ₹0.29
Financial Results (Consolidated)
Income Statement (₹ in Lakhs)
Quarter Ended June 30, 2026 (Unaudited)
- Revenue from operations: ₹56,688.17
- Other Income: ₹607.26
- Total Income: ₹57,195.43
- Total Expenses: ₹56,507.22
- Profit before exceptional items: ₹688.21
- Exceptional Items: ₹0.00
- Profit before share of JV/associate: ₹688.21
- Share of profit/(loss) of joint ventures/associate: ₹18.62
- Profit before tax: ₹706.83
- Tax expense: ₹233.43
- Profit for the period: ₹473.40
- Total Comprehensive Income/(loss): (₹5,451.64)
Earnings Per Share (Face value ₹2 each):
- Basic EPS: ₹0.41
- Diluted EPS: ₹0.41
Comparative Figures
Quarter Ended March 31, 2026 (Audited):
- Profit for period: ₹1,414.02
- EPS Basic: ₹1.22
- EPS Diluted: ₹1.22
Quarter Ended June 30, 2025 (Unaudited):
- Profit for period: ₹295.64
- EPS Basic: ₹0.26
- EPS Diluted: ₹0.25
Notes to Financial Results
Note 1: Business Segment
The Company is primarily engaged in power transmission and distribution, which constitutes a single reporting segment as per IND AS 108.
Note 2: Arbitration Proceedings
The Company has ongoing/invoked arbitration proceedings against three customers for recovery of outstanding balances along with interest on delayed payments and losses suffered. The total outstanding balance as at June 30, 2026 is ₹8,595.50 lakhs (Net of provision). Based on legal evaluation, no further adjustments have been considered necessary in the financial results.
Note 3: Exceptional Items
Exceptional items for the year ended March 31, 2026 included ₹772.06 lakhs impact of Labour Codes on employee benefits. No exceptional items were recorded in the current quarter.
Note 4: Acquisition
During the quarter, the Company acquired a 26% equity stake amounting to ₹7.03 lakhs in Anant Grid Projects One Pvt. Ltd., classified as an Investment in an associate and carried at cost (standalone) and accounted for as an associate in consolidated results.
Note 5: Joint Ventures and Associate
Consolidated results include:
- 5 joint ventures: Company's share of net profit ₹21.46 lakhs and total comprehensive income ₹753.07 lakhs
- 1 associate: Company's share of net loss ₹2.84 lakhs and total comprehensive loss ₹2.84 lakhs