Bhagwati Autocast Limited held its board meeting on Wednesday, 22nd July, 2026 through VC/OVCM at the company's registered office at Survey No 816, Village Rajoda, Near Bavla, Ahmedabad, Gujarat, 382220. The meeting commenced at 4:30 PM and concluded at 5:50 PM.

Financial Results for Quarter Ended 30th June, 2026

The board approved the unaudited financial results for the quarter ended 30th June, 2026:

Income Statement (₹ in Lakhs):

  • Revenue from operations: 5224.33
  • Other Income: 0.85
  • Total Income: 5225.18

Expenses Breakdown:

  • Cost of Materials Consumed: 2365.15
  • Changes in inventories: (124.53)
  • Employees benefit expenses: 461.36
  • Consumption of Stores & Spares: 739.92
  • Depreciation and amortization: 88.19
  • Power & Fuel: 471.78
  • Finance Cost: 16.31
  • Other expenses: 608.66
  • Total expenses: 4626.84

Profitability:

  • Profit before Tax: 598.34
  • Tax Expenses:
  • Current Tax: 170.60
  • Deferred Tax: 5.32
  • Tax provision relating to earlier years: 0.00
  • Profit for the period: 422.42

Other Comprehensive Income:

  • Total Other Comprehensive Income: 2.60
  • Total Comprehensive Income: 425.02

Earnings Per Share (₹):

  • Basic EPS: 14.66
  • Diluted EPS: 14.66

Comparative Performance:

  • Revenue increased 28.3% YoY from ₹4070.72 lakhs in Q1 FY26
  • Net profit increased 53.9% YoY from ₹274.45 lakhs in Q1 FY26
  • EPS increased from ₹9.53 in Q1 FY26 to ₹14.66 in Q1 FY27

Corporate Governance Matters

The board approved the following items:

1. Re-appointment of Independent Director: Mr. Shantanu Chitranjan Mehta (DIN: 08930872) was re-appointed as non-executive independent director for a second term of five consecutive years commencing from September 23, 2026 to September 22, 2031 (both days inclusive).

2. AGM Approval: The board approved the AGM Notice and Director Report for the upcoming annual general meeting.

Auditor Review

Mahendra N. Shah & Co., Chartered Accountants, conducted a limited review of the quarterly financial results as per Regulation 33 of SEBI Listing Regulations and issued an unqualified review report stating that nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Additional Information

  • The financial results were prepared in accordance with Indian Accounting Standards (Ind AS)
  • The company operates in a single segment: "Manufacturing of Castings"
  • Previous period figures have been reclassified, regrouped and rearranged for comparability
  • Paid up equity share capital remains unchanged at ₹288.07 lakhs (face value ₹10 each)
  • The intimation is being uploaded on the company website at www.bhagwati.com