Date: November 04, 2026
Financial Results (Standalone)
Quarter Ended September 30, 2026 (Unaudited)
- Total Income: ₹33.97 lakhs
- Total Expenses: ₹122.45 lakhs
- Loss before tax: ₹(88.48) lakhs
- Tax expense: ₹(26.13) lakhs (deferred tax)
- Loss for the period from continuing operations: ₹(62.35) lakhs
- Profit from discontinued operations: ₹0
- Total comprehensive income: ₹(62.35) lakhs
- Earnings per share (basic and diluted) from continuing operations: ₹(0.43)
- Earnings per share from discontinued operations: ₹0
Half Year Ended September 30, 2026 (Unaudited)
- Total Income: ₹44.84 lakhs
- Total Expenses: ₹151.61 lakhs
- Loss before tax: ₹(106.77) lakhs
- Tax expense: ₹(26.21) lakhs (deferred tax)
- Loss for the period from continuing operations: ₹(80.56) lakhs
- Profit from discontinued operations: ₹0
- Total comprehensive income: ₹(80.56) lakhs
- Earnings per share (basic and diluted) from continuing operations: ₹(0.56)
- Earnings per share from discontinued operations: ₹0
Comparative Figures (Year Ended March 31, 2026 - Audited)
- Total Income: ₹37.90 lakhs
- Total Expenses: ₹117.00 lakhs
- Loss before tax: ₹(79.10) lakhs
- Tax expense: ₹3.27 lakhs
- Loss for the period from continuing operations: ₹(82.37) lakhs
- Profit from discontinued operations: ₹245.03 lakhs
- Total comprehensive income: ₹162.66 lakhs
- Earnings per share (basic and diluted) from continuing operations: ₹(10.49)
- Earnings per share from discontinued operations: ₹14.08
Financial Results (Consolidated)
Quarter Ended September 30, 2026 (Unaudited)
- Total Income: ₹867.78 lakhs
- Total Expenses: ₹1,734.26 lakhs
- Loss before tax: ₹(866.48) lakhs
- Tax expense: ₹(311.33) lakhs (deferred tax)
- Loss for the period from continuing operations: ₹(555.15) lakhs
- Profit from discontinued operations: ₹0
- Total comprehensive income: ₹(555.15) lakhs
- Earnings per share (basic and diluted) from continuing operations: ₹(3.64)
- Earnings per share from discontinued operations: ₹0
- Loss attributable to owners: ₹(527.08) lakhs
- Loss attributable to non-controlling interest: ₹(28.07) lakhs
Half Year Ended September 30, 2026 (Unaudited)
- Total Income: ₹1,136.89 lakhs
- Total Expenses: ₹2,410.27 lakhs
- Loss before tax: ₹(1,273.38) lakhs
- Tax expense: ₹(305.31) lakhs (deferred tax)
- Loss for the period from continuing operations: ₹(968.07) lakhs
- Profit from discontinued operations: ₹0
- Total comprehensive income: ₹(968.07) lakhs
- Earnings per share (basic and diluted) from continuing operations: ₹(5.85)
- Earnings per share from discontinued operations: ₹0
- Loss attributable to owners: ₹(846.94) lakhs
- Loss attributable to non-controlling interest: ₹(121.13) lakhs
Comparative Figures (Year Ended March 31, 2026 - Audited)
- Total Income: ₹579.95 lakhs
- Total Expenses: ₹420.08 lakhs
- Profit before tax: ₹159.88 lakhs
- Tax expense: ₹759.74 lakhs
- Loss for the period from continuing operations: ₹(599.85) lakhs
- Profit from discontinued operations: ₹245.02 lakhs
- Total comprehensive income: ₹(354.83) lakhs
- Earnings per share (basic and diluted) from continuing operations: ₹(5.62)
- Earnings per share from discontinued operations: ₹14.08
- Loss attributable to owners: ₹(303.07) lakhs
- Loss attributable to non-controlling interest: ₹(51.76) lakhs
Balance Sheet Highlights (Standalone)
As at September 30, 2026 (Unaudited)
- Total Assets: ₹1,07,904.93 lakhs
- Non-current assets: ₹1,07,753.57 lakhs (primarily investments ₹1,05,873.38 lakhs and loans ₹1,736.43 lakhs)
- Current assets: ₹151.36 lakhs
- Total Equity: ₹1,05,097.29 lakhs
- Equity share capital: ₹1,447.88 lakhs
- Other equity: ₹1,03,649.41 lakhs
- Non-current liabilities: ₹2,619.75 lakhs (primarily borrowings ₹2,617.86 lakhs)
- Current liabilities: ₹187.89 lakhs
As at March 31, 2026 (Audited)
- Total Assets: ₹1,05,370.45 lakhs
- Non-current assets: ₹1,04,816.78 lakhs
- Current assets: ₹553.67 lakhs
- Total Equity: ₹1,05,177.86 lakhs
- Equity share capital: ₹1,447.88 lakhs
- Other equity: ₹1,03,729.98 lakhs
- Non-current liabilities: ₹0.95 lakhs
- Current liabilities: ₹191.64 lakhs
Balance Sheet Highlights (Consolidated)
As at September 30, 2026 (Unaudited)
- Total Assets: ₹1,13,018.25 lakhs
- Non-current assets: ₹96,981.27 lakhs (including property, plant & equipment ₹25,558.96 lakhs, goodwill ₹60,437.96 lakhs, right-of-use assets ₹4,824.23 lakhs)
- Current assets: ₹16,036.98 lakhs
- Total Equity: ₹1,03,876.01 lakhs
- Equity attributable to owners: ₹1,04,088.64 lakhs
- Non-controlling interest: ₹(212.63) lakhs
- Non-current liabilities: ₹3,284.19 lakhs
- Current liabilities: ₹5,858.05 lakhs
As at March 31, 2026 (Audited)
- Total Assets: ₹1,14,373.53 lakhs
- Non-current assets: ₹90,754.60 lakhs
- Current assets: ₹23,618.93 lakhs
- Total Equity: ₹1,04,843.62 lakhs
- Equity attributable to owners: ₹1,04,935.57 lakhs
- Non-controlling interest: ₹(91.95) lakhs
- Non-current liabilities: ₹3,822.66 lakhs
- Current liabilities: ₹5,707.25 lakhs
Cash Flow Highlights
Standalone Cash Flows for Half Year Ended September 30, 2026
- Net cash used in operating activities: ₹(216.72) lakhs
- Net cash used in investing activities: ₹(2,237.00) lakhs
- Net cash from financing activities: ₹2,452.72 lakhs
- Net decrease in cash & cash equivalents: ₹(1.01) lakhs
- Cash & cash equivalents at end: ₹3.45 lakhs
Consolidated Cash Flows for Half Year Ended September 30, 2026
- Net cash used in operating activities: ₹(3,288.30) lakhs
- Net cash from investing activities: ₹5,657.66 lakhs
- Net cash used in financing activities: ₹(157.26) lakhs
- Net increase in cash & cash equivalents: ₹2,212.11 lakhs
- Cash & cash equivalents at end: ₹2,322.22 lakhs
Standalone Financial Results
- Auditor: Mehra Goel & Co. LLP
- Type of opinion: Qualified conclusion
- Basis of qualified conclusion: Confirmation and reconciliation of vendors, intercorporate deposits, loans and advances balances outstanding at the end of current reporting period are under process
- The audit report for year ended March 31, 2026 was also qualified for the same matter
Consolidated Financial Results
- Auditor: Mehra Goel & Co. LLP
- Type of opinion: Qualified conclusion
- Basis of qualified conclusion: Same as standalone - confirmation and reconciliation of vendors, intercorporate deposits, loans and advances balances outstanding at the end of current reporting period are under process
- Additional matter: Evolve IT Solutions Private Limited has complied with all applicable Ind AS except Ind AS 116 'Leases', for which management is assessing applicability
- The audit report for year ended March 31, 2026 was also qualified for the same matter
Significant Events and Disclosures
Acquisition
- During the quarter ended September 30, 2026, the Company acquired 100% equity stake in Evolve IT Solutions Private Limited, making it a wholly-owned subsidiary
- Acquisition date: July 23, 2026
- Results of Evolve IT are included from July 24, 2026 to September 30, 2026
Discontinued Operations
- During FY 2025-2026, the Company discontinued its foils manufacturing operations
- Results have been classified and presented as discontinued operations in accordance with Ind AS 105
- Comparative figures have been re-presented to reflect discontinued operations distinctly from continuing operations
Subsidiaries Included in Consolidation
1. DC&T Global Private Limited
2. DC&T Defence Limited
3. BESS Limited
4. Metafin Technology Private Limited (subsidiary of DC&T Global Private Limited)
5. Belding HD India Private Limited (w.e.f. 22.06.2026)
6. Evolve IT Solutions Private Limited (w.e.f. 23.07.2026)
Previous Acquisition
- DC&T Global Private Limited: Acquired 100% equity shares through share swap on December 24, 2025
- Consideration: Issued 1,36,08,849 equity shares at ₹769.16 per share (total ₹1,04,673.00 lakhs)
- Net assets acquired: ₹44,975.99 lakhs
- Goodwill: ₹59,697.01 lakhs
- Purchase price allocation is provisional and will be finalized within one year from acquisition date