Financial Results Overview

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Revenue from operations: ₹210.29 lakh (up 20.3% from ₹174.86 lakh in Q4 FY25)
  • Other income: ₹2.14 lakh (vs ₹0.66 lakh)
  • Total income: ₹212.42 lakh (vs ₹175.53 lakh)
  • Profit before tax: ₹6.84 lakh (vs ₹3.46 lakh)
  • Net profit: ₹5.07 lakh (vs ₹1.71 lakh)
  • Earnings per share: ₹2.08 (vs ₹1.12)

Annual Performance (FY26 vs FY25)

  • Revenue from operations: ₹784.17 lakh (up 21.1% from ₹647.53 lakh in FY25)
  • Other income: ₹6.33 lakh (vs ₹2.51 lakh)
  • Total income: ₹790.50 lakh (vs ₹650.05 lakh)
  • Profit before exceptional items and tax: ₹220.19 lakh (vs loss of ₹129.04 lakh)
  • Exceptional items: None in FY26 (vs gain of ₹168.38 lakh in FY25 from land sale)
  • Profit before tax: ₹220.19 lakh (vs ₹39.34 lakh)
  • Net profit: ₹165.04 lakh (vs ₹31.88 lakh)
  • Earnings per share: ₹10.75 (vs ₹2.08)

Key Financial Metrics

  • Paid-up equity share capital: ₹153.55 lakh (unchanged)
  • Other equity: ₹1,158.34 lakh (vs ₹975.34 lakh)
  • Total comprehensive income for FY26: ₹183.00 lakh (vs ₹22.90 lakh)

Expense Breakdown (FY26)

  • Cost of materials and components consumed: ₹412.30 lakh
  • Employee benefits expense: ₹131.54 lakh
  • Finance costs: ₹140.04 lakh
  • Depreciation and amortization: ₹225.70 lakh
  • Other expenses: ₹186.74 lakh

Cash Flow Statement (FY26)

  • Net cash from operating activities: ₹294.46 lakh
  • Net cash used in investing activities: ₹80.37 lakh
  • Net cash used in financing activities: ₹309.09 lakh
  • Net decrease in cash: ₹95.00 lakh
  • Cash and cash equivalents at year-end: ₹300.48 lakh (negative balance)

Significant Notes

1. Segment Information: The company is primarily engaged in Automotive Gears business with no other reportable segments.

2. Labour Code Impact: The Government of India notified four Labour Codes effective from November 21, 2025. The company assessed incremental impact based on ICAI guidance and found it not material for FY26.

3. Exceptional Item (FY25): The company sold part of land at Mumbra plant for ₹171.00 lakh, resulting in net gain of ₹168.38 lakh after cost adjustment.

4. Citizenship Status of CMD: During FY26, the company received complaints regarding citizenship status of Mr. Surinder Paul Kanwar, Chairman and Managing Director. The Board concluded based on independent legal opinion that his status remains unchanged pending any final direction from Central Government.

Subsequent Event: Post March 31, 2026, the CMD received communication from Regional Passport Office regarding passport revocation. He has filed an appeal with competent authority, with outcome pending as of date.

Audit Details

  • Auditor: Deloitte Haskins & Sells LLP (Firm Registration No. 117366W/W-100018)
  • Audit Opinion: Unmodified opinion on audited financial results
  • Review: Limited review conducted for quarterly results