Key Financial Results

For Quarter Ended March 31, 2026:

  • Revenue from operations: ₹1,225.3 lakhs (Q4 FY25: ₹1,197.9 lakhs)
  • Total income: ₹1,228.5 lakhs (Q4 FY25: ₹1,202.3 lakhs)
  • Profit before exceptional items: ₹37.9 lakhs (Q4 FY25: ₹32.8 lakhs)
  • Profit before tax: ₹37.9 lakhs (Q4 FY25: ₹32.8 lakhs)
  • Net profit after tax: ₹29.0 lakhs (Q4 FY25: ₹26.7 lakhs)
  • Basic and diluted EPS: ₹0.36 (Q4 FY25: ₹0.33)

For Financial Year Ended March 31, 2026:

  • Revenue from operations: ₹4,785.6 lakhs (FY25: ₹4,312.5 lakhs)
  • Total income: ₹4,793.0 lakhs (FY25: ₹4,319.5 lakhs)
  • Profit before exceptional items: ₹159.0 lakhs (FY25: ₹128.1 lakhs)
  • Exceptional items: ₹79.0 lakhs (due to New Labour Codes implementation)
  • Profit before tax: ₹151.1 lakhs (FY25: ₹128.1 lakhs)
  • Net profit after tax: ₹109.7 lakhs (FY25: ₹99.4 lakhs)
  • Basic and diluted EPS: ₹1.37 (FY25: ₹1.24)
  • Total comprehensive income: ₹110.3 lakhs (FY25: ₹99.2 lakhs)

Balance Sheet Position (as at March 31, 2026)

  • Total assets: ₹1,874.6 lakhs (FY25: ₹1,708.3 lakhs)
  • Current assets: ₹1,334.9 lakhs (FY25: ₹1,132.9 lakhs)
  • Inventories: ₹681.6 lakhs (FY25: ₹405.6 lakhs)
  • Trade receivables: ₹356.2 lakhs (FY25: ₹354.4 lakhs)
  • Cash and cash equivalents: ₹2.8 lakhs (FY25: ₹100.6 lakhs)
  • Total equity: ₹829.0 lakhs (FY25: ₹829.7 lakhs)
  • Share capital: ₹80.0 lakhs (unchanged)
  • Reserves and surplus: ₹749.0 lakhs (FY25: ₹749.7 lakhs)
  • Total liabilities: ₹1,874.6 lakhs (FY25: ₹1,708.3 lakhs)

Cash Flow Statement (FY2026)

  • Net cash from operating activities: ₹40.5 lakhs (FY25: ₹133.1 lakhs)
  • Net cash used in investing activities: ₹(169.0) lakhs (FY25: ₹(61.6) lakhs)
  • Net cash from financing activities: ₹30.7 lakhs (FY25: ₹(76.3) lakhs)
  • Net decrease in cash and equivalents: ₹(97.8) lakhs (FY25: ₹(5.0) lakhs)

Board Decisions and Appointments

1. Approval of Financial Statements: Board approved standalone audited financial results, statement of assets and liabilities, and cash flow statement for year ended March 31, 2026.

2. Internal Auditor Appointment: Appointed M/s S.P. Sarda & Co., Chartered Accountants (Firm registration number: 323054E) as Internal Auditor for Financial Year 2026-27. The firm specializes in accounting, forensic accounting, audit investigation, assurance, banking audit, NBFC compliance, concurrent audit, taxation, valuations, due diligence, insolvency services, and transaction advisory.

3. Director Reappointments:

  • Reappointed Shri. Deepankar Bose (DIN: 09450920) as Non-Executive Independent Director for second term of 5 years commencing January 11, 2027
  • Reappointed Shri. Bishwanath Choudhary (DIN: 02313294) as Non-Executive Independent Director for second term of 5 years commencing January 11, 2027
  • Both reappointments subject to shareholder approval at ensuing Annual General Meeting

4. Annual General Meeting: Notice of 38th Annual General Meeting scheduled for Friday, August 14, 2026

Director Profiles

Shri. Deepankar Bose: Management professional from Banking and Financial Services industry with experience in India and USA. Previously served as Executive President and Head Corporate Centre at Bandhan Bank Limited (second in hierarchy after MD & CEO), responsible for setting up the bank after it received banking license in 2014. Postgraduate in Economics from Delhi School of Economics and Certified Associate of Indian Institute of Bankers.

Shri. Bishwanath Choudhary: Professional with vast experience in Corporate Finance matters, particularly in Steel and Infrastructure Industry. Currently working as Freelance Consultant. Registered Valuer with Insolvency & Bankruptcy Board of India (2020), Insolvency Professional registered with IBBI (2018), Fellow Member of Institute of Company Secretaries of India (1993), Fellow Member of Institute of Cost Accountants of India (1984), and MBA (Finance) from Banaras Hindu University (1978).

Audit Details

  • Statutory Auditor: M/s ALPS & Co., Chartered Accountants (Firm ICAI Registration No.: 313132E)
  • Audit opinion: Unmodified opinion issued on standalone financial results
  • Audit committee reviewed results on May 25, 2026
  • Board meeting duration: 1:00 PM to 6:00 PM

Significant Accounting Notes

1. Segment Reporting: Company has two business segments (Aluminium Extruded Products and Transmission & Distribution Line Hardware) but does not fall under criteria for segment reporting under Ind AS 108.

2. Revenue Recognition: Adoption of Ind AS 115 increased profit by ₹21.79 lakhs for year ended March 31, 2026.

3. Industrial Promotion Scheme: Post-GST, company did not recognize income under West Bengal's Industrial Promotion Scheme (IPA) 2004 from July 1, 2017 due to uncertainty. Following withdrawal of IPA scheme by West Bengal Government (Notification No. WB(Part-IV)2025/SAR-5 dated March 19, 2025), subsidy receivable of ₹1,111 lakhs for years 2013-14 to 2017-18 was written off from accumulated reserve and surplus. Company has filed adjourner application before Supreme Court against withdrawal.

4. New Labour Codes: Implementation of four consolidated labour codes effective November 21, 2025 resulted in one-time material increase in provision for employee benefits of ₹79 lakhs (before tax) recognized as exceptional item.