Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended 30th June, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Standalone and Consolidated Financial Results
Audit Opinion:
Clean / Unmodified. The statutory auditors, Sharp & Tannan, issued an unmodified limited review conclusion on both the standalone and consolidated financial results.
Auditor’s Comment:
The auditors stated that based on their review, nothing has come to their attention that causes them to believe the statements contain any material misstatement or have not disclosed the information required by SEBI LODR Regulations.
The consolidated review report notes that the results include financials of subsidiaries reviewed by other auditors and some that were not reviewed, but management considers these not material to the Group.
Key Financial Highlights [₹ Lakhs]:
Consolidated Results:
Revenue from Operations: ₹2,43,158 (Q1 FY27) vs ₹1,78,400 (Q1 FY26) - 36.3% YoY increase
Total Income: ₹2,45,466 (Q1 FY27) vs ₹1,78,897 (Q1 FY26)
Net Profit: ₹15,055 (Q1 FY27) vs ₹6,960 (Q1 FY26) - 116.3% YoY increase
EPS: Basic ₹62.25 (Q1 FY27) vs ₹29.18 (Q1 FY26); Diluted ₹62.25 (Q1 FY27) vs ₹29.18 (Q1 FY26)
Standalone Results:
Revenue from Operations: ₹1,48,353 (Q1 FY27) vs ₹1,04,365 (Q1 FY26) - 42.2% YoY increase
Total Income: ₹1,49,951 (Q1 FY27) vs ₹1,04,829 (Q1 FY26)
Net Profit: ₹9,393 (Q1 FY27) vs ₹3,974 (Q1 FY26) - 136.4% YoY increase
EPS: Basic ₹38.84 (Q1 FY27) vs ₹16.66 (Q1 FY26); Diluted ₹38.84 (Q1 FY27) vs ₹16.66 (Q1 FY26)
Segment-wise Performance [₹ Lakhs]:
Consolidated Segment Revenue Q1 FY27:
- Powertrain: ₹62,255
- Aluminium Products: ₹1,47,934
- Industrial & Engineering: ₹32,969
- Total: ₹2,43,158
Consolidated Segment Results (Profit before interest, tax) Q1 FY27:
- Powertrain: ₹11,389
- Aluminium Products: ₹14,988
- Industrial & Engineering: ₹2,982
- Total: ₹29,359
Standalone Segment Revenue Q1 FY27:
- Powertrain: ₹50,712
- Aluminium Products: ₹62,745
- Industrial & Engineering: ₹32,928
- Others: ₹1,968
- Total: ₹1,48,353
Standalone Segment Results (Profit before interest, tax) Q1 FY27:
- Powertrain: ₹11,204
- Aluminium Products: ₹6,787
- Industrial & Engineering: ₹2,788
- Total: ₹20,779
Corporate Actions:
The Company issued 22,98,850 equity shares of face value ₹5 each through Qualified Institutions Placement (QIP) at an issue price of ₹8,700 per share (including securities premium of ₹8,695 per share) aggregating ₹2,00,000 lakhs.
The objects of the QIP are repayment/pre-payment of certain borrowings and general corporate purposes.
A part of the proceeds were utilized during the quarter, with a balance of ₹91,208 lakhs to be utilized in subsequent periods.
Costs attributable directly to the transaction amounting to ₹3,000 lakhs were adjusted against securities premium.
Other Significant Information:
Entities included in consolidation: 8 subsidiaries and 1 joint venture (Carl Stahl Craftsman Enterprises Private Limited, India).
The joint venture contributed ₹62 lakhs to profit before tax for Q1 FY27.
Paid-up equity share capital increased to ₹1,308 lakhs (from ₹1,193 lakhs) due to QIP issuance.