Key Financial Results

The Board of Directors approved and adopted the unaudited financial results for the quarter and half year ended September 30, 2026, following review and recommendation from the Audit Committee. The statutory auditors, Surana Maloo & Co., issued a limited review report on these results.

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from operations: ₹4,530.38 lakh
  • Other income: ₹5.50 lakh
  • Total revenue: ₹4,535.87 lakh
  • Total expenses: ₹4,401.40 lakh
  • Profit before tax: ₹134.47 lakh
  • Tax expense: ₹30.63 lakh (Current tax: ₹30.09 lakh, Deferred tax: ₹0.54 lakh)
  • Net profit: ₹103.85 lakh
  • Basic and diluted EPS: ₹1.02

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from operations: ₹8,612.97 lakh
  • Other income: ₹14.20 lakh
  • Total revenue: ₹8,627.16 lakh
  • Total expenses: ₹8,303.77 lakh
  • Profit before tax: ₹323.39 lakh
  • Tax expense: ₹79.96 lakh (Current tax: ₹80.21 lakh, Deferred tax: -₹0.25 lakh)
  • Net profit: ₹243.44 lakh
  • Basic and diluted EPS: ₹2.38

Comparative Performance:

  • Q2 FY27 net profit of ₹103.85 lakh represents a significant improvement from Q2 FY26 net loss of ₹(27.87) lakh
  • H1 FY27 revenue of ₹8,612.97 lakh shows 20.3% growth compared to H1 FY26 revenue of ₹7,158.85 lakh

Segment Performance (H1 FY27)

Dyes and Chemicals Segment:

  • Revenue: ₹5,276.21 lakh
  • Segment result (profit before finance cost and taxes): ₹224.89 lakh
  • Segment assets: ₹4,834.99 lakh
  • Segment liabilities: ₹573.54 lakh

Fiber Glass Segment:

  • Revenue: ₹3,336.75 lakh
  • Segment result (profit before finance cost and taxes): ₹227.45 lakh
  • Segment assets: ₹3,776.00 lakh
  • Segment liabilities: ₹3,157.83 lakh

Cash Flow Statement (H1 FY27)

  • Net cash from operating activities: -₹214.05 lakh
  • Net cash used in investing activities: -₹1,232.57 lakh (primarily purchase of fixed assets: -₹1,243.07 lakh)
  • Net cash from financing activities: ₹1,491.77 lakh (primarily from long-term borrowings: ₹1,642.07 lakh)
  • Net increase in cash and cash equivalents: ₹45.15 lakh
  • Closing cash balance: ₹53.86 lakh

Capital Expenditure and Expansion

The company has initiated establishment of a new manufacturing unit at Changodar for manufacturing fiber glass, which is currently under development and not yet fully completed. Significant capital expenditure of ₹1,243.07 lakh was incurred during H1 FY27 for this project.

Meeting Details

The Board meeting commenced at 12:30 PM and concluded at 1:30 PM on October 23, 2026.