Key Financial Results (Rs. in '000)

Quarterly Performance (Q2 FY2026 vs Q2 FY2025):

  • Revenue from operations: ₹78,395.33 (vs ₹85,438.02 in Q2 FY2025)
  • Total revenue: ₹83,055.99 (vs ₹90,791.84 in Q2 FY2025)
  • Profit before tax: ₹9,157.29 (vs ₹7,390.87 in Q2 FY2025)
  • Net profit: ₹6,542.10 (vs ₹5,464.30 in Q2 FY2025)
  • Basic EPS: ₹0.42 (vs ₹0.35 in Q2 FY2025)

Half-Yearly Performance (H1 FY2026 vs H1 FY2025):

  • Revenue from operations: ₹145,033.01 (vs ₹157,309.83 in H1 FY2025)
  • Total revenue: ₹156,565.69 (vs ₹166,225.37 in H1 FY2025)
  • Profit before tax: ₹15,467.60 (vs ₹13,467.31 in H1 FY2025)
  • Net profit: ₹11,560.70 (vs ₹9,960.87 in H1 FY2025)
  • Basic EPS: ₹0.75 (vs ₹0.64 in H1 FY2025)

Expense Breakdown (H1 FY2026):

  • Purchase of stock in trade/Cost of goods traded: ₹115,969.02
  • Change in inventories: ₹6,040.62
  • Operating expenses: ₹12,393.21
  • Other expenses: ₹2,040.64
  • Employee benefits: ₹4,176.61
  • Finance cost: ₹11.28
  • Depreciation and amortization: ₹466.70

Tax Expenses (H1 FY2026):

  • Current tax: ₹3,892.89
  • Deferred tax: ₹14.02
  • Prior period tax adjustment: ₹0.00

Assets and Liabilities Position (as of 30th September 2026)

Total Assets: ₹171,991.33 (vs ₹166,895.91 as of 31st March 2026)

Non-Current Assets: ₹32,147.91

  • Property, plant and equipment: ₹3,655.42
  • Investments: ₹28,093.68
  • Other non-current assets: ₹398.82

Current Assets: ₹139,843.42

  • Inventories: ₹6,789.83
  • Trade receivables: ₹115,259.94
  • Cash and cash equivalents: ₹9,062.93
  • Investments: ₹5,207.92
  • Other current assets: ₹3,522.80

Equity and Liabilities:

  • Equity share capital: ₹30,944.00 (unchanged)
  • Other equity: ₹119,211.36 (vs ₹107,210.71 as of 31st March 2026)
  • Deferred tax liabilities: ₹628.92
  • Trade payables: ₹8,192.13 (including micro/small enterprises: ₹4,436.13)
  • Other current liabilities: ₹4,571.00
  • Current tax liabilities: ₹8,443.93

Cash Flow Statement (H1 FY2026)

Operating Activities:

  • Net cash from operations: ₹20,505.40
  • Cash generated from operations: ₹24,398.28
  • Direct taxes paid: ₹3,892.89

Investing Activities:

  • Net cash used: ₹15,222.19
  • Purchase of fixed assets: ₹66.29
  • Purchase of investments: ₹15,692.15
  • Sale of investments: ₹175.55
  • Interest received: ₹120.78
  • Dividend received: ₹239.92

Financing Activities:

  • Net cash used: ₹11.28 (interest paid)

Net Increase in Cash: ₹5,271.92

  • Cash at beginning: ₹3,791.00
  • Cash at end: ₹9,062.93

Audit and Review Details

The Board of Directors meeting was held on November 6, 2026, from 3:15 p.m. to 4:00 p.m. where the financial results were approved.

The independent auditors, M/s P. Indrajit & Associates, conducted a limited review of the interim financial results in accordance with Standard on Review Engagements (SRE) 2410. Their report dated November 6, 2026, states that nothing came to their attention that causes them to believe that the interim financial results contain any material misstatement.

Additional Information

  • The company is mainly engaged in the business of Merchant Export Trading
  • Paid-up equity share capital remains unchanged at ₹30,944,000 (3,094,400 shares of ₹10 each)
  • Figures have been regrouped whenever necessary
  • The financial results were reviewed by the audit committee before being taken on record by the Board