Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results

Audit Opinion:

Clean - Limited review report issued by Price Waterhouse Chartered Accountants LLP with unmodified conclusion for both standalone and consolidated results.

Key Financial Highlights [Rs. in Lakhs]:

Standalone Results:

Revenue from Operations: Rs.85,501 lakhs (21% increase from Q1 FY26: Rs.70,679 lakhs; 0.03% decrease from Q4 FY26: Rs.85,527 lakhs)

Total Income: Rs.87,008 lakhs (9% increase from Q1 FY26: Rs.79,538 lakhs; 3% decrease from Q4 FY26: Rs.89,475 lakhs)

Net Profit: Rs.8,784 lakhs (39% decrease from Q1 FY26: Rs.14,497 lakhs; 28% decrease from Q4 FY26: Rs.12,244 lakhs)

EPS: Basic Rs.4.61, Diluted Rs.4.61 (compared to Rs.7.61 basic in Q1 FY26 and Rs.6.43 in Q4 FY26)

Consolidated Results:

Revenue from Operations: Rs.141,057 lakhs (17% increase from Q1 FY26: Rs.120,665 lakhs; 2% increase from Q4 FY26: Rs.138,319 lakhs)

Total Income: Rs.147,133 lakhs (19% increase from Q1 FY26: Rs.123,775 lakhs; 4% increase from Q4 FY26: Rs.142,108 lakhs)

Net Profit attributable to Owners: Rs.7,640 lakhs (23% increase from Q1 FY26: Rs.6,189 lakhs; compared to loss of Rs.1,759 lakhs in Q4 FY26)

EPS: Basic Rs.4.04, Diluted Rs.4.04 (compared to Rs.3.28 basic in Q1 FY26 and negative Rs.0.93 in Q4 FY26)

Segment-wise Performance:

Standalone Segment Revenue:

Abrasives: Rs.27,431 lakhs (15% increase from Q1 FY26: Rs.23,819 lakhs; 2% decrease from Q4 FY26: Rs.27,875 lakhs)

Ceramics: Rs.27,426 lakhs (15% increase from Q1 FY26: Rs.23,819 lakhs; 1% decrease from Q4 FY26: Rs.27,875 lakhs)

Electrominerals: Rs.28,226 lakhs (33% increase from Q1 FY26: Rs.21,229 lakhs; 12% increase from Q4 FY26: Rs.25,158 lakhs)

Standalone Segment Results (Profit before finance costs and tax):

Abrasives: Rs.3,432 lakhs (8% decrease from Q1 FY26: Rs.3,747 lakhs; 43% decrease from Q4 FY26: Rs.6,046 lakhs)

Ceramics: Rs.5,868 lakhs (5% decrease from Q1 FY26: Rs.6,164 lakhs; 3% increase from Q4 FY26: Rs.5,670 lakhs)

Electrominerals: Rs.3,869 lakhs (452% increase from Q1 FY26: Rs.702 lakhs; 40% increase from Q4 FY26: Rs.2,757 lakhs)

Consolidated Segment Revenue:

Abrasives: Rs.60,978 lakhs (20% increase from Q1 FY26: Rs.50,755 lakhs; 0.05% decrease from Q4 FY26: Rs.61,009 lakhs)

Ceramics: Rs.34,895 lakhs (16% increase from Q1 FY26: Rs.29,962 lakhs; 1% decrease from Q4 FY26: Rs.35,131 lakhs)

Electrominerals: Rs.47,282 lakhs (17% increase from Q1 FY26: Rs.40,493 lakhs; 11% increase from Q4 FY26: Rs.42,728 lakhs)

Others: Rs.3,553 lakhs (18% decrease from Q1 FY26: Rs.4,311 lakhs; 22% decrease from Q4 FY26: Rs.4,556 lakhs)

Consolidated Segment Results (Profit before finance costs, exceptional items and tax):

Abrasives: Rs.3,961 lakhs (248% increase from Q1 FY26: Rs.1,140 lakhs; 25% increase from Q4 FY26: Rs.3,157 lakhs)

Ceramics: Rs.7,447 lakhs (1% decrease from Q1 FY26: Rs.7,489 lakhs; 19% increase from Q4 FY26: Rs.6,254 lakhs)

Electrominerals: Rs.2,197 lakhs (397% increase from Q1 FY26: Rs.443 lakhs; 15% increase from Q4 FY26: Rs.1,912 lakhs)

Others: Loss of Rs.276 lakhs (37% increase in loss from Q1 FY26: Loss of Rs.202 lakhs; 160% increase in loss from Q4 FY26: Loss of Rs.106 lakhs)

Corporate Actions:

The Company allotted 1,000 equity shares (face value Re.1 per share) pursuant to exercise of Employee Stock Options during the quarter.

No dividend declarations, share splits, bonus issues, or buybacks announced.

Other Significant Information:

Exceptional Items: Prior year exceptional items of Rs.13,457 lakhs related to: 1) Write-down of assets and restructuring costs of Rs.11,856 lakhs for CUMI AWUKO Abrasives GmbH (CAAG) winding down; 2) Write-down of assets of Rs.1,601 lakhs for Foskor Zirconia (Pty) Ltd (FZL).

Geopolitical Impact: Volzhsky Abrasive Works (VAW) in Russia remains on US OFAC's SDN list, affecting operations and liquidity. Cash and equivalents of Rs.36,090 lakhs not available for group use due to repatriation restrictions.

Subsidiary Performance: Twelve subsidiaries reflected total revenues of Rs.62,787 lakhs, total net loss after tax of Rs.15,138 lakhs, and total comprehensive income of negative Rs.9,318 lakhs for the quarter.

Capital Expenditure: Consolidated capital expenditure incurred during Q1FY27 was Rs.54 crore with debt equity ratio of 0.05.

Entities in Consolidation: Includes 14 subsidiaries, 2 joint ventures, and 1 associate (Wendt India Limited with wholly owned subsidiaries).