Date: 15th June, 2026
Financial Results (Standalone & Consolidated)
Consolidated Statement of Profit and Loss for FY26:
- Revenue from operations: ₹8,06,927 lakhs (FY25: ₹5,69,048 lakhs) - 42% increase YoY
- Profit before tax: ₹53,430 lakhs (FY25: ₹26,965 lakhs) - 98% increase YoY
- Tax expense: ₹15,031 lakhs (FY25: ₹6,878 lakhs)
- Profit for the year: ₹38,399 lakhs (FY25: ₹20,087 lakhs) - 91% increase YoY
- Total Comprehensive Income: ₹41,924 lakhs (FY25: ₹19,783 lakhs)
- Earnings per share (Basic & Diluted): ₹160.96 (FY25: ₹83.68)
Consolidated Balance Sheet as at March 31, 2026:
- Total Assets: ₹8,97,830 lakhs (FY25: ₹7,11,644 lakhs)
- Property, Plant and Equipment: ₹3,98,074 lakhs (FY25: ₹3,06,351 lakhs)
- Inventories: ₹1,74,541 lakhs (FY25: ₹1,33,205 lakhs)
- Trade receivables: ₹1,11,054 lakhs (FY25: ₹92,059 lakhs)
- Cash and cash equivalents: ₹14,483 lakhs (FY25: ₹9,742 lakhs)
- Total Equity: ₹3,26,406 lakhs (FY25: ₹2,85,674 lakhs)
- Borrowings: ₹3,34,063 lakhs (FY25: ₹2,05,426 lakhs)
- Lease liabilities: ₹28,285 lakhs (FY25: ₹30,392 lakhs)
Segment Performance FY26:
- Powertrain segment revenue: ₹2,17,890 lakhs, profit: ₹36,131 lakhs
- Aluminium Products segment revenue: ₹4,78,875 lakhs, profit: ₹49,424 lakhs
- Industrial & Engineering segment revenue: ₹1,10,162 lakhs, profit: ₹4,856 lakhs
Dividend Declaration
- The Board of Directors has proposed a final dividend of ₹11.25 per share of face value ₹5 each
- Dividend subject to approval of members at the ensuing Annual General Meeting
- Total estimated dividend to be paid: ₹2,684 lakhs
- Previous year final dividend: ₹11.25 per share (₹2,377 lakhs total)
Board Meeting Outcomes
The Board of Directors at its meeting held on 7th May, 2026 approved:
- Audited Consolidated Financial Statements for FY ended 31st March, 2026
- The proposal for final dividend
Business Combinations & Acquisitions
Acquisition during FY26:
- On December 20, 2025: DR Axion India Limited acquired 100% equity of Suprash Developers Private Limited and its subsidiary Srikara Technologies Private Limited for ₹14,585 lakhs
Acquisitions during FY25:
- On October 09, 2024: Acquired 100% of Sunbeam Lightweighting Solutions Limited for ₹37,600 lakhs
- On July 22, 2024: Acquired 100% of Craftsman Germany GmbH, Germany for ₹52 lakhs
- On October 01, 2024: Craftsman Germany GmbH acquired 100% of Craftsman Fronberg Guss Immobilien GmbH for ₹5,972 lakhs
Subsidiaries and Joint Ventures
Subsidiaries consolidated:
1. DR Axion India Limited (100%)
2. Sunbeam Lightweighting Solutions Limited (100%)
3. Craftsman Germany Gmbh (100%)
4. Craftsman Europe B.V. (100%)
5. Suprash Developers Private Limited (100% through DR Axion)
6. Srikara Technologies Private Limited (100% through Suprash Developers)
7. Craftsman Fronberg Guss GmbH (100% through Craftsman Germany)
8. Craftsman Fronberg Guss Immobilien GmbH (100% through Craftsman Germany)
Joint Venture:
- Carl Stahl Craftsman Enterprises Private Limited (30% stake)
Key Financial Ratios
- Current Ratio: 1.07 (FY25: 1.07)
- Debt-Equity Ratio: 1.02 (FY25: 0.72)
- Return on Equity: 13% (FY25: 9%)
- Inventory turnover ratio: 5.24 (FY25: 4.80)
- Trade Receivables turnover ratio: 7.95 (FY25: 7.60)
- Net profit ratio: 4.8% (FY25: 3.5%)
Contingent Liabilities
- Claims against the Company not acknowledged as debt: ₹3,315 lakhs (including Excise Duty, VAT, Service tax, GST, Income tax, Customs)
- Sales Bills discounted: ₹15,670 lakhs
- Capital commitments: ₹78,543 lakhs
Other Operational Disclosures
- The Group has complied with audit trail requirements except for one subsidiary where audit trail was not enabled
- No proceedings under Benami Transactions Act
- No wilful defaulter status
- No transactions with struck-off companies
- No crypto currency or virtual currency investments
- Compliance with layered structure requirements
Exceptional Items
- Expenses of ₹873 lakhs related to relocation of Sunbeam Lightweighting Solutions Limited's Gurgaon facility
- Incremental provision of ₹422 lakhs for defined benefit obligation due to changes in wage definition under new Labour Codes