Financial Results Overview (₹ in lakh, except per share data)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹11,805.93 lakh (₹118.06 crore)
  • Other income: ₹19.09 lakh
  • Total income: ₹11,825.02 lakh
  • Total expenses: ₹7,756.29 lakh
  • Profit before tax: ₹4,068.73 lakh
  • Tax expense: ₹1,035.28 lakh (Current tax: ₹1,034.28 lakh, Deferred tax: ₹1.00 lakh)
  • Net profit for the quarter: ₹3,033.46 lakh (₹30.33 crore)
  • Other comprehensive income: -₹8.31 lakh
  • Total comprehensive income: ₹3,025.15 lakh

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹23,276.61 lakh (₹232.76 crore)
  • Other income: ₹37.56 lakh
  • Total income: ₹23,314.17 lakh
  • Total expenses: ₹18,841.61 lakh
  • Profit before tax: ₹3,523.56 lakh
  • Tax expense: ₹908.16 lakh (Current tax: ₹895.28 lakh, Deferred tax: ₹12.88 lakh)
  • Net profit for half-year: ₹2,615.40 lakh (₹26.15 crore)
  • Other comprehensive income: -₹21.10 lakh
  • Total comprehensive income: ₹2,594.30 lakh

Per Share Data (Q2 FY27)

  • Basic EPS: ₹14.46
  • Diluted EPS: ₹14.46

Comparative Figures (Q2 FY26)

  • Revenue from operations: ₹9,638.65 lakh
  • Net profit: ₹2,215.25 lakh
  • Basic EPS: ₹10.67

Key Financial Metrics

Balance Sheet Highlights (as at September 30, 2026)

  • Total assets: ₹35,643.48 lakh
  • Non-current assets: ₹4,508.58 lakh (Property, plant & equipment: ₹2,423.54 lakh, Right-of-use assets: ₹247.01 lakh)
  • Current assets: ₹31,134.90 lakh (Inventories: ₹5,342.85 lakh, Trade receivables: ₹10,796.76 lakh, Cash & cash equivalents: ₹8,797.43 lakh)
  • Total equity: ₹28,965.25 lakh (Share capital: ₹2,097.41 lakh, Other equity: ₹26,867.84 lakh)
  • Total liabilities: ₹6,678.23 lakh

Cash Flow Statement (H1 FY27)

  • Cash from operating activities: ₹5,058.65 lakh
  • Cash used in investing activities: -₹243.94 lakh
  • Cash used in financing activities: -₹371.81 lakh
  • Net increase in cash: ₹4,442.89 lakh
  • Cash at beginning: ₹4,354.54 lakh
  • Cash at end: ₹8,797.43 lakh

Significant Corporate Developments

Migration to Main Board and Ind AS Adoption

  • Equity shares migrated from BSE SME platform to Main Board of BSE Limited effective September 16, 2026
  • Adopted Indian Accounting Standards (Ind AS) effective April 1, 2026 with transition date of April 1, 2025
  • Transition impact reduced total equity by ₹31.38 lakh as at April 1, 2025 and ₹93.59 lakh as at March 31, 2026

Dividend Declaration

  • Final dividend of ₹0.75 per equity share paid/provided for FY 2025-26
  • Approved by shareholders at Annual General Meeting held on August 7, 2026

Accounting Treatment Changes

  • Leases (Ind AS 116): Recognized right-of-use assets (₹247.01 lakh) and lease liabilities (₹273.85 lakh)
  • Employee benefits (Ind AS 19): Remeasurement gains/losses now recognized in other comprehensive income
  • Deferred tax (Ind AS 12): Recognized on transition adjustments

Regulatory and Compliance Information

  • Results reviewed by Audit Committee and approved by Board of Directors on November 13, 2026
  • Statutory Auditors (V. N. Purohit & Co.) conducted limited review under SRE 2410
  • Filed pursuant to Regulation 33 of SEBI Listing Regulations
  • Results available on BSE website (www.bseindia.com) and company website (https://cffdefensys.com)

Business Segment Information

  • Single operating segment: manufacture, overhaul, repair and maintenance of naval systems and equipment
  • No separate segment reporting required under Ind AS 108

Notes and Qualifications

  • Comparative figures for Q2 and H1 FY25 compiled by management and not subjected to limited review/audit
  • Company was listed on SME platform until September 16, 2026, requiring only half-yearly results submission
  • Previous period figures regrouped/reclassified where necessary
  • Financial results include Statement of Assets and Liabilities and Statement of Cash Flows as annexures