Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing: Outcome of Board Meeting - Unaudited Financial Results under Regulation 33 of SEBI LODR
Audit Opinion:
Modified Review Report with qualification - Auditors draw attention to Note 9 regarding concerns raised by erstwhile Joint Managing Director about Chairman and Managing Director's practices. Impact assessment by external agency is ongoing, and auditors cannot determine the effect on financial results.
Key Financial Highlights (₹ in lakhs):
Standalone Results:
Revenue from Operations: ₹21,564.94 lakhs (Q1 FY27) vs ₹17,979.79 lakhs (Q1 FY26) - 20% YoY increase
Total Income: ₹21,605.58 lakhs (Q1 FY27) vs ₹18,157.46 lakhs (Q1 FY26)
Net Profit: ₹14.88 lakhs (Q1 FY27) vs ₹164.64 lakhs (Q1 FY26) - 91% YoY decrease
EPS: ₹0.10 (Basic and diluted, not annualized) vs ₹1.07 in Q1 FY26
Expense Breakdown (Q1 FY27):
Cost of materials and components consumed: ₹11,205.51 lakhs
Employee benefits expense: ₹3,653.33 lakhs (includes ₹11 lakhs remuneration for Executive Director-Operations)
Finance costs: ₹324.88 lakhs
Depreciation and amortisation expense: ₹508.22 lakhs
Other expenses: ₹5,865.89 lakhs
Tax Expense:
Current tax: ₹11.14 lakhs
Deferred tax credit: ₹(6.09) lakhs
Total tax expense: ₹5.05 lakhs
Other Comprehensive Income:
Re-measurement loss on defined benefits obligations: ₹(2.23) lakhs
Income tax effect: ₹0.56 lakhs
Other comprehensive loss for the period (net of tax): ₹(1.67) lakhs
Total Comprehensive Income:
₹13.21 lakhs for Q1 FY27 vs ₹173.34 lakhs for Q1 FY26
Capital Structure:
Paid-up equity share capital: ₹1,535.51 lakhs (Face value ₹10 per share)
Segment-wise Performance:
The Company is primarily engaged in Automotive Gears business with no other separate reportable segments as defined by Ind AS 108.
Corporate Actions:
Dividend: Board recommended dividend of ₹1 per share (10%) on equity shares of ₹10 each, subject to shareholder approval at Annual General Meeting scheduled for August 13, 2026.
Other Significant Information:
Figures for quarter ended March 31, 2026, are balancing figures between audited full year and unaudited published year-to-date figures up to December 31, 2025