Key Quantitative Figures

Standalone Financial Results (₹ in lakhs):

Quarter Ended 30 September 2026:

  • Revenue from operations: 1,851.74
  • Total income: 1,885.29
  • Profit before tax: 57.98
  • Total tax expense: 10.85
  • Profit after tax: 47.13
  • Total comprehensive income: 46.98
  • Basic EPS: ₹0.04
  • Diluted EPS: ₹0.04

Half Year Ended 30 September 2026:

  • Revenue from operations: 4,219.80
  • Total income: 4,266.94
  • Profit before tax: 77.11
  • Total tax expense: 24.29
  • Profit after tax: 52.82
  • Total comprehensive income: 52.51
  • Basic EPS: ₹0.04
  • Diluted EPS: ₹0.04

Consolidated Financial Results (₹ in lakhs):

Quarter Ended 30 September 2026:

  • Revenue from operations: 1,851.74
  • Total income: 1,885.29
  • Profit before share of profit/(loss) of associates: 57.98
  • Share of profit/(loss) of associates and joint ventures: 65.15
  • Profit before tax: 123.13
  • Total tax expense: 9.99
  • Profit after tax: 113.14
  • Total comprehensive income: 113.49
  • Basic EPS: ₹0.07
  • Diluted EPS: ₹0.07

Half Year Ended 30 September 2026:

  • Revenue from operations: 4,219.80
  • Total income: 4,266.94
  • Profit before share of profit/(loss) of associates: 77.11
  • Share of profit/(loss) of associates and joint ventures: 134.13
  • Profit before tax: 211.24
  • Total tax expense: 23.43
  • Profit after tax: 187.81
  • Total comprehensive income: 188.29
  • Basic EPS: ₹0.12
  • Diluted EPS: ₹0.12

Dates of Action

  • Board meeting date: 31 October 2026
  • Meeting time: 12:00 p.m. to 12:35 p.m.
  • Period ended: 30 September 2026
  • Auditor's report date: 31 October 2026

Parties Involved

  • Statutory Auditor: M/s. J C Ranpura & Co., Chartered Accountants (FRN: 108647W)
  • Partner: Ketan Y. Sheth (Membership No. 118411)
  • Managing Director: Mr. Gopal D. Khichadia (DIN: 00127947)
  • Associate Company: Captain Polyplast Limited

Financial Impact Analysis

Standalone Performance Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue increased by 7.18% from ₹1,727.53 lakh to ₹1,851.74 lakh
  • Profit before tax decreased by 38.89% from ₹94.88 lakh to ₹57.98 lakh
  • Profit after tax decreased by 33.60% from ₹70.98 lakh to ₹47.13 lakh
  • EPS decreased from ₹0.05 to ₹0.04

Consolidated Performance (H1 FY27):

  • Includes share of profit from associate (Captain Polyplast Limited): ₹134.13 lakh
  • Profit after tax attributable to owners: ₹187.81 lakh
  • Basic EPS: ₹0.12

Balance Sheet Highlights (Standalone as of 30 September 2026, ₹ in lakhs):

  • Total assets: 8,474.53
  • Equity share capital: 1,536.45
  • Other equity: 2,782.10
  • Total equity: 4,318.55
  • Non-current liabilities: 1,618.80
  • Current liabilities: 2,537.18
  • Total liabilities: 4,155.98

Cash Flow Statement (Standalone H1 FY27, ₹ in lakhs):

  • Net cash used in operating activities: (75.68)
  • Net cash used in investing activities: (44.20)
  • Net cash from financing activities: 120.67
  • Net increase in cash: 0.79
  • Cash and cash equivalents at end: 14.30

Notes to Financial Statements

1. Results reviewed by Audit Committee and approved by Board on 31 October 2026

2. Prepared in accordance with Indian Accounting Standards (Ind AS)

3. Company operates in single segment: Manufacturing and selling of uPVC Pipes and Fittings

4. No investor complaints pending as of 30 September 2026

5. Consolidated financials include 1 associate company - Captain Polyplast Limited

6. Previous period figures have been regrouped/reclassified for comparability

Auditor's Opinion

J C Ranpura & Co. issued unmodified limited review reports for both standalone and consolidated financial results, stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.